WHICH OFFSHORE CENTRE IS THE BEST?

Clients often ask which offshore area is the best for company incorporation. The answer really depends on the intended use of the offshore entity and the client’s own personal or business reasons.

There are more than 50 jurisdictions worldwide providing offshore company legislation, and selecting the most suitable jurisdiction requires very careful consideration. There are a number of factors to consider, the first being the political and economic stability of the jurisdiction in question. Furthermore, its corporate legislation should be able to guarantee confidentiality and complete privacy. Other factors include auditing and other statutory compliance requirements, exchange controls and banking facilities, double taxation avoidance treaties, etc. Another obvious factor is the cost of incorporation, domiciliation and professional services in the desired offshore center.

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