Aside from the opportunities in banking and increased privacy, simply by changing where your business is domiciled, could in fact reduce or possibly eliminate your corporate income taxes altogether. There are numerous businesses that can benefit from this, but let us start with some of the more obvious. In effect, by simply changing your address, you could possibly save money, and be able to reduce the retail sales price of your product, making it more competitive. Let us say you do not manufacture anything, but instead you market someone else's product, or you sell your own services. By relocating or operating such a business offshore, you can possibly eliminate your corporate income tax liability, and also reduce your labor costs.
Lets face it.
Starting a new business is tough. It is more than tough. Aside from all the government regulations about certain kinds of licenses, you have to worry about marketing, accounting, and a slew of other things before you even get going. Your own money is on the line. The government doesn't do a thing to help the small businessman, but when you start earning a little money, they want to take a chunk away in taxes.