Has Anyone Used OVZA before?

[offshorepigeon]

Hey everyone,

I was researching online for affordable company formation services, and I came across https://ovza.com/. They seem to offer some of the cheapest prices I’ve ever seen for company formation.

Has anyone here used their services before? Are they reliable? The prices almost seem too good to be true, so I wanted to check if anyone has experience with them.

 

[daniels27]

They seem legit. Quite cheap for incorporation. I think they do make some money on renewals.
Belize incorporation is possible at £599 elsewhere
https://www.cfsformations.com/offshore-formations/belize-company-registration

 

[offshorepigeon]

Thanks for the recommendation.

OVZA is cheaper though - it’s 590 USD for Belize.

https://ovza.com/home/company-formation/belize/

 

[Sols]

As a general rule, don't form an offshore company is "cheapest" is an important factor. If paying a few thousand for an overseas company is too much, it's probably not the right time to do it.

Anyway, to answer your question: no, I have no experience with OVZA.

When I come across a new service provider, one of the things to check is if they are licensed/regulated anywhere as corporate service provision usually requires some sort of license or registration. OVZA appears to be just a reseller.

Next up you can do some basic due diligence like verifying that the company is real, checking social media to see if it makes sense. They seem to claim to have hundreds of employees on LinkedIn, but only one "HR person" is actually found there.

In terms of fees, OVZA is among the lowest I've seen recently. They are probably loss leaders and/or extremely thin margin. Do you want to set up your business through someone who might not be around in a couple of years? Stability is worth paying for. They will probably have to jack up their fees if they plan to stay in business long enough.

Not saying they're bad. Just that it's overall not a very compelling offer for a serious business.

 

[daniels27]

Thanks for the recommendation.

OVZA is cheaper though - it’s 590 USD for Belize.

https://ovza.com/home/company-formation/belize/

You need to check the reveal fees. Ovza is 750 USD vs. 499 GBP.

 

[happyjohn]

New user, first post a link to a reseller service, ouch

 

[JackAlabama]

I once wanted to hire them for a company in Armenia, but they declined. Otherwise, they seem legit.
Belize is possible at £599 elsewhere too?
https://www.cfsformations.com/offshore-formations/belize-company-registration

have you used them before (referred to Armenia or did you mean ovza)?

 

[daniels27]

No haven't used them. Currently no need.