Here is an outline of the preferred offshore company jurisdictions:
· British Virgin Islands
· Panama
· Hong Kong
· Bahamas
· Belize
· Nevis
Aspects to take note when selecting a jurisdiction:
Perception of your Company Location
Though there are specific advantages to include in small Caribbean countries or pacific island nations, don’t underestimate the general public perception of those places. If you must make business with other international corporations you may get a preoccupied opinion if your small business is in a jurisdiction famous for tax fraud and perhaps sub-legal activities.
Political and economical stability
As plenty of the favored offshore locations are in very small countries you’ve got to keep watch over the political and economical stability. Things are likely to change fast. Especially if the economy could be very depending on a selected sector, like in most island nations.
Costs
You furthermore mght must consider the prices for incorporation, audit requirements, virtual office, annual fees which might vary quite loads.
Privacy
If you must stay below the radar and don’t need anybody to know who’s director or shareholder of your organization, you limit your options to a number of jurisdictions. Panama may be price a glance.
Tax
As you most likely wish to construct a profitable business, you need to check the tax situation of the place where you must incorporate. Often you must have a spot which is a tax haven.
Easiness of Incorporation
An element often underestimated is the easiness of incorporation. Some governments are only very inefficient of their procedures which can cost your time, your nerves and ultimately your money.
Though there isn’t any best jurisdiction which inserts for everyone. If privacy is a difficulty, you chould try Panama which offers low cost and convenient incorporation. If you must do business in Asia, especially China, you need to consider Hong Kong. Hong Kong allows low cost incorporation as well.
