TBA & Associates

Offshore Incorporation Services

Where to set up an Offshore Company?
Offshore Jurisdictions

Selecting the most appropriate jurisdiction for international trade or investment can be a complex task, demanding careful deliberation. Many offshore jurisdictions are devoid of foreign exchange controls and have enacted corporate legislation that caters to a wide array of international business needs. It is imperative to choose a jurisdiction that aligns with specific corporate and personal requirements.

Furthermore, among the related decisions involved in setting up an offshore company, one of the most important matters is determining the legal structure for your offshore entity. This choice not only impacts your tax liability but also relates to the volume of paperwork your business must handle, your personal liability exposure, and your ability to secure funding.

The process of choosing from numerous offshore jurisdictions where to register your offshore company can require of several factors to be considered. Each offshore financial center offers its own unique advantages, benefits, and potential trade-offs.

When deciding to incorporate an offshore company, considering its company structure and engaging in tax planning, our approach starts with a comprehensive evaluation of the client’s business, residency status, and banking needs. Subsequently, we identify the ideal jurisdiction tailored to your specific requirements.

Here are some potential domiciles to consider, contingent upon your primary objectives for incorporation:

If your business entails importing from outside the EU for subsequent export or sale within the EU, a Cyprus tax-exempt (non-resident) company presents an advantageous option.

If your focus is primarily on conducting business within or selling to EU clients, we typically recommend considering a UK LLP, a US LLC, or a Canadian Ontario or British Columbia Limited Partnership (LP).

If simplicity, ease of administration, and privacy are paramount, popular choices often include some of the most relevant offshore jurisdictions, such as Seychelles, Belize, or BVI. Additionally, a UK LLP, US LLC, or Canadian Ontario or BC LP can serve in proxy roles.

For businesses operating in Asia, Hong Kong or Singapore are frequently preferred choices.

If you seek a financial services or Forex licensed entity, options such as New Zealand, Canada MSB, Mauritius or Seychelles may be suitable.

Asset management companies may find a Specialized Investment Fund (SPF) in Luxembourg or BVI appealing.

Those prioritizing asset protection might explore the advantages of Cook Islands or Saint Kitts & Nevis Trusts.

Compliance requirements

  • A wide range of permissible company names and suffixes indicating limited liability.
  • Minimal capital requirements.
  • The flexibility to convene directors’ and/or shareholders’ meetings anywhere globally.
  • The absence of, or optional necessity for, auditing of accounting records.

Double taxation avoidance treaties

Jurisdictions can be categorized into treaty and non-treaty jurisdictions. To benefit from double tax treaty relief, clients must establish a company in a treaty jurisdiction. This is crucial for minimizing withholding taxes on dividends and royalties from contracting states. Non-treaty jurisdictions are primarily chosen due to the absence of corporate taxes, typically requiring only a fixed annual license fee.

Desirable corporate characteristics

Many offshore jurisdictions have adapted their company laws to include features like minimal statutory filing obligations, availability of bearer shares, confidentiality regarding beneficial ownership, a minimal number of directors, limited public disclosure requirements, and the ability to hold directors’ meetings worldwide. These features vary, and your interest in them should be carefully considered. Nonetheless, offshore companies share the common trait of minimal tax obligations and reporting, as long as they operate outside their registration country.


The infrastructure of an offshore jurisdiction is critical. You wouldn’t want to place your corporate assets on an offshore company based in a country with sluggish communication channels. Factors like telecommunications quality, internet access, geographical accessibility, language, work ethics, legal system, confidentiality culture, exchange controls, administrative efficiency, and financial services availability can impact your business’s smooth operation. Consider time zones to prevent communication delays, and be mindful of potential weather-related disruptions.


Cost is an obvious consideration. Evaluate registration fees, flat-rate taxes, incorporation fees, and ongoing domiciliary and management costs. Additionally, factor in audit and statutory compliance expenses. However, bear in mind that the cost should be weighed against the quality of services and benefits offered.

Our company licensing services

— What we do and do not do

Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency or financial related business activities.

TBA & Associates Tax Business Advisors does not provide or carry out any sort of Cryptocurrency or Financial services!

Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.

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