Are you about to set up an offshore company and wondering how much it will cost? Are you also wondering about the cost of setting up a holding company?
Setting up an offshore company is relatively inexpensive. It does involve a cost, but above all, you need to anticipate all the expenses associated with establishing and operating the structure.
Setting up an offshore company: what are the different costs to expect?
Setup fees
The initial fees directly cover the formation and registration of the offshore company.
Opening a bank account
The fees and procedures related to opening the company’s bank account must also be anticipated.
Annual renewal
The company must be renewed every year. These recurring fees must be included in the budget from the outset.
Any Nominee fees
Where applicable to your structure, you must also budget for any Nominee fees.
The cost varies depending on the country of registration
The cost of an offshore company varies from one jurisdiction to another. For example, setting up an offshore company is more expensive in Switzerland than in Singapore, Dubai, or Florida.
It is therefore important to compare the various costs when choosing the jurisdiction of incorporation, rather than considering only the tax benefits offered.
In any case, the cost of setting up an offshore company remains attractive compared with that of a traditional business, particularly when the tax benefits associated with the structure are taken into account.
All-inclusive packages: a good idea?
All-inclusive packages are an attractive solution for avoiding unpleasant surprises and staying within the defined budget.
However, check precisely what is included and choose an experienced Corporate Service Provider in the relevant jurisdiction.
The offshore package
4,000 USD - creation + first year
The package covers the incorporation fees as well as the company’s first year for a cost of 4,000 USD.
2,000 USD - annual renewal
The annual renewal fee is USD 2,000 starting from the first year.
What the package includes
Business creation procedures
Assistance with drafting the articles of association, the certificate of incorporation, document submission, and incorporation formalities.
Banking assistance
Operational monitoring
Operational information includes, in particular, the operating license, correspondence address, and telephone number.
Administrative support
Case follow-up in French, mail forwarding, and provision of templates for official documents.