What are the best offshore company jurisdictions? Below we clarify top 5 best destinations that you should choose for an offshore company incorporation.

1. Belize

Belize is among the Central America’s premier locations for entrepreneurs to incorporate an offshore company. Why? Its location is close to the United States and features a stable and affordable jurisdiction which is perfect for those expecting to fulfil financial and offshore needs. The country has equipped with a modern banking system and large network of commercial banks, facilitating customers’ access to all financial and banking services. Its legal system is also based on English Common Law with English being their official language.

Belize is well-known for its high level of freedom in its politics and economy. Remarkably, Belize is now, similar to Canada and the UK, function within a framework of parliamentary democracy. It is the free and open economy system that Belize is a golden site for most offshore businesses.

The most prevalent business form for offshore business in Belize is International Business Company (IBC). Belize IBCs offer individuals and corporations a wide range of benefits, making it an ideal destination for offshore company registration, some of which include:

Asset protection

Currency holdings flexibility

Fast incorporation - one of the fastest IBC Registries in the world

Minimal requirements for reporting/accounting

Tax benefits - i.e, be exempt from paying any form of tax in Belize provided that it carries out business outside the territory

Note that Belize has made significant changes in its IBC regime, you can see the newest update of International Business Companies (Amendment) (No.2) Act, 2019

2. Seychelles

Seychelles is considered as a global offshore financial center in the world. This jurisdiction offers a stable political system with a diversity of offshore banking services, making it among the most preferred jurisdiction in the offshore global arena. In the same vein with Belize, Seychelles presents one of the fastest company registries around the world, and allows a confidential, secure and tax-free environment for offshore company incorporation.

Seychelles IBCs are also the most widely-chosen form for offshore company formation in Seychelles. Reasons for this include:

Tax advantages - A tax-free policy coupled with an extensive network of tax treaties used for investment into other countries

Low cost and strict confidentiality laws  

Asset protection

Minimum capital requirement

Simple and efficient IBC incorporation process

Seychelles is an international trade zone and always puts their priority in encouraging foreign investments. That is the reason why millions of investors and businesses are flocking to Seychelles.

If you wish to look for a supportive offshore jurisdiction where to give you tons of tax opportunities and a strong privacy law system, Seychelles should be in your consideration list as one of the best choices for incorporating an offshore business.