Hello All,
I am the Managing Director of a Tour Operating Business currently registered and based in Zimbabwe. The majority of our customers are from the USA and UK and our suppliers are all from the SADC region in Africa.
Due to the extremely volatile and unfavourable economic situation here at the moment (no foreign payments allowed, all international funds received immediately converted into Zimbabwe Dollars, no merchant services etc etc) we have no option but to register an offshore company to operate as the holding company and franchise our locally registered business to this company. We will obviously also require an external bank account that we can link with our existing EMI.
Privacy is not a major concern but as we are a fairly the setup and ongoing annual costs of an offshore company need to be considered. I have looked at Seychelles and Mauritius as they are the closest offshore options to Zimbabwe geographically but have received some mixed reviews about whether they are the best option. We have also looked at UAE (Ras al Khaimah) which seems a pretty solid option but is expensive to setup and bank accounts seem difficult to setup.
I would appreciate any input from the forum on what the best option might be given our company structure and goals.
Thanks in advance
I am the Managing Director of a Tour Operating Business currently registered and based in Zimbabwe. The majority of our customers are from the USA and UK and our suppliers are all from the SADC region in Africa.
Due to the extremely volatile and unfavourable economic situation here at the moment (no foreign payments allowed, all international funds received immediately converted into Zimbabwe Dollars, no merchant services etc etc) we have no option but to register an offshore company to operate as the holding company and franchise our locally registered business to this company. We will obviously also require an external bank account that we can link with our existing EMI.
Privacy is not a major concern but as we are a fairly the setup and ongoing annual costs of an offshore company need to be considered. I have looked at Seychelles and Mauritius as they are the closest offshore options to Zimbabwe geographically but have received some mixed reviews about whether they are the best option. We have also looked at UAE (Ras al Khaimah) which seems a pretty solid option but is expensive to setup and bank accounts seem difficult to setup.
I would appreciate any input from the forum on what the best option might be given our company structure and goals.
Thanks in advance
