I formed a local company afterward. My original reason for using an offshore entity was simply because I was starting up by myself, so an IBC was a simple and inexpensive way to create a company, plus my country required a large initial paid-up capital, which I didn't have back then.
I...
OCH are cheats. I had a company through them in the Seychelles - after a few years, OCH stopped paying the agent in the Seychelles while accepting fees from me. Stay a mile away!
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