I don't think you can say one offshore jurisdiction is better than the other! It depends on your needs.
Panama VS Belize VS Seychelles Company, what is best you think?
- Thread starter phantomoffshore
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I don't believe there is anything wrong with the other offshore jurisdictions but it depends on what your requirements are. in 90% of all requirements one has to incorporate a offshore company a Seychelles company can satisfy and is both cheaper and faster and easier to incorporate.
Which jurisdiction is the best depends on why you want an offshore company.
For simply hiding behind strict privacy and running fairly small businesses, Seychelles is a good option.
But if you want to do business with other (onshore) companies, you need a more reputable jurisdiction. A lot of banks and companies will reject you simply because your company is registered in the Seychelles. Belize is quite similar, though slightly better.
For reputable, reliable offshore jurisdictions, Panama, BVI, Cayman Islands, and Mauritius (both GBCI and GBCII) are better options in the long run. Even though they have privacy similar to Seychelles and Belize, they have a much better reputation.
Hong Kong is another great option. While all details are on︀ public records, you can incorporate an offshore entity which owns the Hong Kong company to︁ preserve anonymity, while still getting the benefits of a Hong Kong company.
For simply hiding behind strict privacy and running fairly small businesses, Seychelles is a good option.
But if you want to do business with other (onshore) companies, you need a more reputable jurisdiction. A lot of banks and companies will reject you simply because your company is registered in the Seychelles. Belize is quite similar, though slightly better.
For reputable, reliable offshore jurisdictions, Panama, BVI, Cayman Islands, and Mauritius (both GBCI and GBCII) are better options in the long run. Even though they have privacy similar to Seychelles and Belize, they have a much better reputation.
Hong Kong is another great option. While all details are on︀ public records, you can incorporate an offshore entity which owns the Hong Kong company to︁ preserve anonymity, while still getting the benefits of a Hong Kong company.
Belize is not a nice place to live in unless you have a lot of money and get a house out in the cayes.
The Seychelles is relatively affordable to live in, but you should check the tax legislation for residents. It's not necessarily the same as a non-resident.
The Seychelles is relatively affordable to live in, but you should check the tax legislation for residents. It's not necessarily the same as a non-resident.
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