Question Best offshore jurisdiction for 2024 and 4 years ahead?

From what is most discussed here you I would say New Mexico LLC, Cyprus and Dubai.

There are only few about Gibraltar and the other popular offshore jurisdiction in the past.

You want to have:
1) low or zero tax
2) privacy
3) flexibility (not need to be locked within certain borders)
4) operational business structures with decent banking
5) asset protection
6) high quality of life

In 2024, achieving the above is not as straightforward as it once was, but still possible.
As I posted here, some countries with the highest personal income taxes (the United Kingdom 63.25% and Switzerland 59.7%) are actually regarded as tax havens, which illustrates that more complex structuring is usually the best approach, rather than relying on a single jurisdiction. This should be clear even from a purely asset protection viewpoint.

From a service provider's point of view, such schemes are challenging to sell, as they are complex, and people tend to like simple (to understand) solutions. Secondly, promoting complex tax planning structures is, in many jurisdictions, not exactly encouraged, e.g., Promoters of tax avoidance schemes: guidance

So, to even get relevant advice, you are often limited to certain jurisdictions or "underground".

kilor said:

arrrggggggghhhhhhhhhh ouch - now we see the sales agent in action. Sorry to read that from you @Don - it's not true!

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It can be true for some people.

Switzerland can provide a low effective tax rate to some individuals, but this is certainly not available to everyone.
An acquaintance who has a consultancy business in Switzerland said he would never recommend anyone to move to Switzerland if they make less than 10k / month.

6th country in the world if we measure the highest marginal tax rates.

Go blame PWC for blaming lies


My point is that with proper structuring even high tax jurisdictions (such as Switzerland) can help to achieve low tax.

kilor said:

Lol - I live here for the 4th year. Making a little more than 10K / month pay 10% tax including insurance. If you are a single you have no problems to live here a good live with all what is needed. You don't even come close to 63,25% I moved from Denmark to Switzerland there they pay 60 - 70% maybe your friend and you got confused about the country.

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Thats exactly my point
One needs to look deeper.
Quoting KPMG: " Switzerland remains an attractive location for private individuals. Personal income tax rates have changed only minimally compared to the previous years and have remained stable with an average maximum tax rate of around 33.45%." Clarity on Swiss Taxes

Pure Tax Havens, Territorial Tax Systems or Non Dom's. To Generalize

If you want specifics it's a "Huge" Rabbit hole of mixed layered convoluted variables that are not fairly and fully addressed

It depends on what you want to do with your company. If you just need it for regular business, in some cases it might be better to establish a local company! Otherwise, a New Mexico LLC is very popular when it comes to e-commerce, for example.

personally I have been a big fan of Dubai in silency. Today and if I had to consider 4 years ahead, I say New Mexico LLC is protecting you the best.