Which Countries Are Best Suited For Offshore Companies?

[aage]

The UK is the best tax haven, by far. It also offers some of the best payment processing options, banking, credit etc. Running costs are also lower than in places like the UAE, HK and Singapore.

Do you have any personal experience with the UK? I wonder why people are going there! I see it posted all over the net actually but can't find the reason for why they are doing it.

 

[walterz]

I think UK and Singapore seems not to be a tax haven but more a low tax juridiction for foreigners. And also China is also good for outsourcing.

 

[Jack Dui]

If you think about cheap labor, low business cost then south or south east Asia will be your right choice BUT if you want privacy of your business, protection of your assets etc then jump for offshore company.

 

[walterz]

If you think about cheap labor, low business cost then south or south east Asia will be your right choice BUT if you want privacy of your business, protection of your assets etc then jump for offshore company.

Can you tell me which bank in Asia is the best one for offshore companies?

 

[johnskywalker]

I don't have enough experience but from what I read from this forum, its Cyprus , Seychelles and Belize. You just need to know their own advantages since they are on the list of top 20 tax havens.

 

[shadowcaser]

If you're around US, Cy'prus maybe your best choice. They're the most trusted in this world.

 

[johnskywalker]

If you're around US, Cy'prus maybe your best choice. They're the most trusted in this world.

Yeah, If only people could realize that Cyprus is like a gold mine with a lot of potential as a country. I hope they continue to grow so that having an Offshore account near US will be easy.

 

[deadpool]

Simply put, best choice for outsourcing destination and offshore destination isn't the same.

 

[erzascarlet]

I am into online business and would like to outsource to some offshore country. I have cheaper labour and easy to register or free zones in mind. Any advice would help. Any personal experience will be much appreciated!

Can you tell me where do you live and what kinds of juridiction suits you well?

 

[TurnedToRobot]

The UK is the best tax haven, by far. It also offers some of the best payment processing options, banking, credit etc. Running costs are also lower than in places like the UAE, HK and Singapore.

Payment processing and banking I understand but how does it work as an offshore jurisdiction what benefits we may have compared to other exotic jurisdictions?