Experience needed: How to find the right Formation Company

[Onesassa]

Hi all,

when choosing which company to choose for setting up my offshore business, what do you generally look out for. How do I know whether they are legitimate?
E.g. if they claim to have a business in London I would check whether the company is listed in the UK companies house here Get information about a company

and of course I will try to find unbiased reviews.
Do you have any other general steps that you take as precaution to test whether they are a scam or simply unreliable?
Based on which factors do you choose the company that you hire/appoint to setup your offshore company.


Cheers

 

[JohnLocke]

Most often I'm looking for reviews on Google, then I look at how professional they answer to my e-mails, if they answer at all and finally I look if I can find forums, social media or other places where a rep of the company in question may be active.

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[Onesassa]

Admin said:
Most often I'm looking for reviews on Google, then I look at how professional they answer to my e-mails, if they answer at all and finally I look if I can find forums, social media or other places where a rep of the company in question may be active.
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Perfect, this is what I am currently doing, so I am on the right path 🙂

 

[Samuel Newman]

Onesassa said:
Perfect, this is what I am currently doing, so I am on the right path 🙂
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You may just find somebody on the forum
there are a lot of offshore agents here

 

[Martin Everson]

People on here would be able to help you. You can also try the established companies like TurnerLittle, Ocra etc.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Onesassa]

Ok, I will be testing the following by sending a quote and will report back to you. Any others that you want me to include in this comparison?

GWS
MITCO
OCRA
Turner Little

Review will be based on:
Professionalism:
Quality of work
quality of customer service
Legitimacy
Speed:
Responsiveness to queries and questions
Overall speed from quote to finalized company
Price:
Company formation
Bank account setup
Transparency

 

[JohnLocke]

Forget about price it is about the quality of service. You can find a lot of cheap services around but most often you end up with something you don't want!

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[Onesassa]

Admin said:
Forget about price it is about the quality of service. You can find a lot of cheap services around but most often you end up with something you don't want!
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Agreed! But I will still mention the price especially in relation to the supplied quality and whether prices are transparent.

 

[pluma]

Onesassa said:
Agreed! But I will still mention the price especially in relation to the supplied quality and whether prices are transparent.
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so you found this ultra cheap formation agent and where did you setup your company?