Makes it sense to take some of the big law firms to form a offshore company?

[lavel]

I contacted some of the large international law firms (just out of curiosity) to ask them what they would charge to setup a Seychelles company and to help figuring out my needs.


Starting fee to be deposited before we ever get started is USD 10.000 after that we can speak😱mg:

 

[Zqq]

Yes, it makes sense, if you are a big client in need of frequent legal‌ advice. $10,000 is a lot for an average person but it's a small sum for‍ a large corporation in need of advanced tax planning.

Keep in mind that most CSPs⁠ are not legal professionals. They are compliance professionals or otherwise experienced in offshore legislation, but⁤ they are not qualified to give you any sort of legal advice.

There are law⁣ firms that offer it for a lot less than $10,000, but it's still going to⁢ be more expensive than a regular CSP.

 

[dwilson]

Agreed Zqq. If there is significant money at stake then you must ensure that you‌ consult with an attorney in addition to a tax adviser(s). Many consumers forget that offshore‍ services is a financial product with inherent risks. Consumers should take all reasonable steps to⁠ ensure that they manage that risk!

 

[JohnLocke]

Agree with most of all. I doubt that the majority of the audience that this‌ forum attracts to read the threads, have this kind of money available or that they‍ are even in a position that they need to establish such complex offshore entity structures.⁠ Those who have, pay their attorney before they post on this forum :hello: