Popular Destinations to Set Up Offshore Company

Selecting an offshore destination or territory to set up an offshore company demands meticulous contemplation. You need to choose a jurisdiction that matches your unique corporate, financial, and personal requirements and goals. Not all offshore destinations offer the same advantages. A consultant can help you find a stable territory with good, long-standing reputation for granting tax exemptions (partial or full) if your objective is to minimize your tax exposure. Some of the most popular offshore destinations today include the Belize, the Seychelles, and Panama.

Belize – This central American country has shown a long and reliable history of peace, stability, and democracy. In fact, it boasts one of the highest per capita income levels in the region. It’s popular for investors looking to set up an offshore company because English is its official language, and the English Common Law is the basis of its legal system. Belize is not under any information exchange agreement with other countries, so your financial information is safe here. Offshore company registration is fast—a typical process takes only two hours. Belize recently launched an Offshore Banking Act that reinforces its superior banking privacy regulations.

Seychelles – This archipelago in the Indian Ocean is an emerging and quickly growing offshore financial center. From competitive legislation to easy incorporation, everything you need is here. The government actively promotes investment activities and supports foreign investors with legislations that ensure non-discrimination against foreign investors. Seychelles boasts financial connections to South Asia and Western Europe, making it a strategic destination for setting up an offshore company. There is no minimum capital requirement or maximum capital restriction. Annual license fees only cost $100.

Panama – Known for high political stability, Panama is home to an advanced financial services sector that has made it a respected global business hub. The official currency here is the United States Dollar. Many investors choose this territory for its advanced telecommunications system, low bureaucracy, the excellent banking system, and favorable confidentiality laws.