“Price is what you pay. Value is what you get” the quotation by Warren Buffett highlights the importance of considering both the initial cost and the long-term value of your investment.
If you are considering starting an offshore business but are scared of the huge cost attached to it, then we’ve got some news for you. Offshore company registration is affordable. Yes, you heard it right. You can open an offshore business without burning a hole in your pocket.
Strategies for Saving on Offshore Company Setup Cost
Business Setup Worldwide (BSW) is a corporate service provider that has been assisting business owners and entrepreneurs for more than 8 years. We can guide you through the process of offshore company formation at an affordable cost. Now, the bigger question you must ask is- how? There are several strategies you might employ to save on your company formation costs. Here are a few suggestions from us:
1. Cost-effective packages
You can save up to 60% on our offshore company setup packages. We offer three well-balanced packages: premium, executive, and executive +. Our offshore company packages cover end-to-end aspects of your offshore company setup cost. These aspects include governmental registration costs, annual fees, and additional fees, which include appointment services, a company kit, bank account opening, and company amendments, among others. Take a look at the table below to understand the scope of our packages better:
| Premium | Executive | Executive+ |
| You can register a corporate entity along with the office and address | This package includes certain features of the premium package and up to two additional bank account opening options | Along with the premium package features, you will get assistance with five options for opening bank accounts |
Our premium package includes company registration with a registered office and address. The executive package comprises assistance for opening two bank accounts and all the services covered under the premium package. Additionally, the executive+ package includes assistance with giving you up to 5 bank account options along with everything covered under the premium package.
Before you pick a package for your company formation, consider your needs carefully. If you are a small business owner with limited transactions, opening a single bank account will be ideal for you. So, you can choose a premium package with an add-on service of opening a bank account.
On the other hand, it is safer to use multiple bank accounts for larger businesses that have high-value transactions worth thousands, if not millions, of dollars.
We have briefly talked about choosing the optimal package to save on your expenses. Another way to save on offshore company formation is to pick a pocket-friendly jurisdiction.
2. Jurisdiction comparison
Offshore company registration is available in affordable, medium-priced, and premium jurisdictions. Check out the table below for more details:
| Price Range | $790 – $1400 | $1400-$1800 | $1800 – $3500 |
| Jurisdictions | Seychelles, Belize, St. Vincent and the Grenadines | British Virgin Islands, Nevis, Delaware | Cook Islands, Hong Kong, Cayman Islands |
Now, let’s discuss the table further. The affordable jurisdictions range from $790 to $1400, and some of the options available are the Seychelles, Belize, St. Vincent, and the Grenadines (SVG). The mid-range jurisdictions range from $1400 to $1800, and some of the jurisdiction options are the British Virgin Islands (BVI), Nevis, and Delaware. Premium jurisdictions range from $1800 to $ $3500, and the jurisdictions included here are the Cook Islands, Hong Kong and Cayman Islands, among others.
The affordability of the jurisdictions depends on various factors. Government and registered agent costs are lower in Offshore Company formation in Seychelles and Belize, whereas BVI, Nevis, and Delaware offer moderate pricing. Cook Islands, Hong Kong, and the Cayman Islands are in the premium price range due to their reputation and stability.
Before you set up an offshore company, you must compare jurisdictions by researching different locations and the benefits, regulations, and costs they offer. Do your research beforehand to avoid any confusion during the offshore company registration process.
3. Company structure
Thirdly, the cost of formation depends on the company structure. For example, if a single person is the owner, then the operational cost will be much less. On the other hand, the cost will go up if the company consist of two or more shareholders and directors. Lastly, reach out to some experienced corporate service providers who have an age-old history of assisting people in starting their offshore companies.
Concluding Remark
We hope that you have a better picture of the affordability of offshore company registration. Consider the whole concept of offshore companies. You are starting a business away from your home country. The company is registered in a different location but doesn’t operate in the home country. So, you are saving tax in your home country with an offshore company.
Moreover, your new jurisdiction offers you favorable tax regimes to optimize your profits. Thus, if you plan strategically, you can save a lot of money. Business Setup Worldwide (BSW) can help you make the process hassle-free. Contact us for assistance, and we will thoroughly guide you through the offshore company setup costs. Discuss your requirements with our business consultants and take their advisory solutions.
