One of the benefits of incorporating offshore is the reduced burden on formal accounts filing. Many offshore jurisdictions – by virtue of their tax friendly nature – does not require the reporting of profits and losses on an annual basis.
However, most of them do require accurate record keeping. The rules vary from one jurisdiction to the next, but in general you are required to keep a journal of income and expenses, assets and liabilities.
VAULTALITY has the required experience to accurately keep your records, on a continuous basis, in compliance and at a very attractive rate. Most bookkeeping solutions are limited to providing their services to only one or a small number of jurisdictions. We are able to provide accurate bookkeeping services, available online in a secure cloud environment, for all 18 jurisdictions that we offer incorporation services in.