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Best offshore jurisdiction for 2020 / 2021

Best offshore jurisdiction for 2021

  • Cayman Islands

    Votes: 4 6.9%
  • Dominica

    Votes: 3 5.2%
  • New Mexico, Wyoming

    Votes: 14 24.1%
  • Mauritius

    Votes: 0 0.0%
  • Marshall Islands

    Votes: 3 5.2%
  • Hong Kong

    Votes: 7 12.1%
  • Panama

    Votes: 2 3.4%
  • UAE

    Votes: 25 43.1%

  • Total voters
    58

erni

Mentor Group Lifetime
Jul 18, 2020
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We have had it in 2016 and 2018 now I want to make a thread for 2021 listing the best offshore jurisdictions in our days.

Please feel free to caste a vote and post why you think this jurisdiction of your choice is the best, what benefits does it have if we consider our all's highest whishes to stay anonymous and gain tax freedom!
 
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#1. UAE (the RAK emirate), very confidential status, one of the most reputable jurisdictions, not member of OECD/EU but worldwide acknowledged and accepted as a trustful region, the law is Sharia, no income tax, no corporate tax, no mandatory accountancy (but you have to keep the books), no audit

#2. Cayman Islands - very well known and accepted, one of the most reputable jurisdictions, yet under US intense scrutiny, so it lost the qualification for one of the most confidential regions, if you are US ppl.

#3. Marshall Islands - known and accepted with reputable jurisdiction, the law is British commonwealth, the currency is $USD, confidential status, no income tax, no corporate tax, no book-keeping, no audit. Yet, if you are US ppl, use a proxy Attorney company to set-up a company, and use that initial company (SPV) to create a secondary company to use in your commerce activities.

The other jurisdictions are either not reputable or red-flagged by the US and its allies like BVI/Belize/Nevis.

Always use a very reputable Attorney company (or similar) to create the buffer company (the initial SPV), then use the buffer company to create the secondary company SPV to use it in commerce operations. Always leave clear the buffer company from any/all commercial/economic engagements. The trades conduct them via the secondary company/SPV.

Examples of reputable entities to help you create the buffer/initial SPV (these entities have among the best/strongest Agreements that protect the confidentiality of their clients):
- DLA Piper - Business Start-up Pack - UK | Insights | DLA Piper Global Law Firm, Corporate | Services | DLA Piper Global Law Firm
- Vistra - https://www.vistra.com/governance-risk-compliance/establishment)
- TMF Group - https://www.tmf-group.com/en/services/companies/corporate-secretarial/company-formation/ (recommended solution)
 
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Starting from 2019 Nevis and Dominica companies need to pay tax from their worldwide income. I dont know if the situation is changed now.
That's not true. Well not in the context of an offshore company forum.
If you live there, yes. If the company is managed from there, yes. But then we are talking about an offshore company. Usually meaning you don't live there.
I also highly doubt anyone would pursue having the company managed from there.
 

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