We often get the question, like “where should I register my company?”
Our answer is simple: every client, every situation is unique, there is therefore no straight answer to that question.
A lot of factors have to be taken in consideration, namely :
- Your company activity
- Your place of residence
- Your nationality
- Where your clients and providers are located
- Your affinity with certain regions of the globe
- Your willingness to provide audited accounts or no
- The kind of banking facilities that you need
All these factors have an influence on which jurisdiction you should opt for. The Pearlem team will gladly review the options available to you to assist you in deciding which jurisdiction would fit you best.
For clients who would like a rapid incorporation process, a bank account, keep the fees to the minimum and no accounting requirement, offshore jurisdictions such as Seychelles, Anguilla or the BVI are often a favorite pick. You may also find that some of your clients do not wish to pay you on an offshore company account, and would require you to select a more established jurisdiction. In that case you could look at jurisdictions such as Hong Kong or Cyprus which are considered to be Onshore Jurisdictions (even if tax rate is low or nil, there is a need to submit accounts on a yearly basis to the jurisdiction’s tax authorities).
In other instances, some of our clients may need to provide services in the Middle East, in such case a RAK (Ras Al Khaimah) offshore company may be best suited, as it is internationally well recognized.
In summary, every client has a different situation, and every jurisdiction that we offer (above 20) could fit in one or the other of these situations
Also, an important factor in choosing a jurisdiction is to be sure that your company will be incorporated in a country that has a:
- 1. reliable means of communication;
- 2. political and economical stability;
- 3. good reputation;
- 4. sophisticated corporate laws;
All the jurisdictions we work with enjoy the above-mentioned advantages.
Disclaimer : Pearlem Corporate Services and its affiliates do not provide tax, legal, or accounting advice. Materials provided by Pearlem Corporate Services and www.pearlem.com have been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, or accounting advice. You should consult your own tax, legal, or accounting advisor with regard to your own tax, legal, or accounting scenario.