Where is the best place to register your company?
We often get the question, “where should I register my company?” or what is the “best offshore jurisdiction?”.
Our answer is simple: every client, every situation is unique, there is, therefore, no straight answer to that question.
A lot of factors have to be taken into consideration, namely :
-Your company activity
-Your place of residence
-Where your clients and providers are located
-Your affinity with certain regions of the globe
-Your willingness to provide audited accounts or no
-The kind of banking facilities that you need
-All these factors have an influence on which jurisdiction you should opt for. If you need guidance, the Prestadeal team will gladly help you review the options and decide which jurisdiction would fit you best.
For clients who would like a rapid incorporation process, a bank account, keep the fees to the minimum and no accounting requirement, offshore jurisdictions such as Seychelles, Belize, or the BVI are often a favorite pick. You may also find that some of your clients do not wish to pay you on an offshore company account, and would require you to select a more established jurisdiction. In that case, you could look at jurisdictions such as Hong Kong or Cyprus, which are considered to be Onshore Jurisdictions (even if the tax rate is low or nil, there is a need to submit accounts on a yearly basis to the jurisdiction’s tax authorities).
In other instances, some of our clients may need to provide services in the Middle East, in such case a Dubai offshore company may be best suited, as it is internationally well recognized.
In summary, every client has a different situation, and every jurisdiction that we offer (above 20) could fit in one or the other of these situations
Also, an important factor in choosing a jurisdiction is to be sure that your company will be incorporated in a country that has a:
1. reliable means of communication;
2. political and economic stability;
3. good reputation;
4. sophisticated corporate laws;
All the jurisdictions we work with enjoy the above-mentioned advantages.
Disclaimer: Prestadeal does not provide tax or legal advice of any sort and may only recommend a jurisdiction on a general basis, without giving any advice about your personal tax/legal framework.
Please contact us for further information.