What is the best place to set up an offshore company? Guernsey, Jersey, Isle of Man, Sark?

Question

What place is cheaper to rent an office,has the lowest taxes and is more safe?

Answer 1

Best Answer - Chosen by Asker

All these British offshore tax havens are safe from the point of view of personal security with very low crime rates. In general you would not actually rent an office if you are only setting up an offshore company for tax purposes but use a local legal firm who provide individuals to act as directors.

Office space and charges would be the lowest in the Isle of Man reflecting its poorer climate and more remote location from the south of England and mainland Europe.

Asker's Rating:

Asker's Comment:

Thank you, Isle of Man really has affordable rental prices.

Answer 2

i think they are all tax free places,but some are very hard to get office space as they are very funny who they let in.the lsle of man would be best bet

Answer 3

If you set up an offshore company you don't actually have to locate yourself in the place where you set up the company. In fact some of these jurisdictions such as Guernsey will only allow the company you incorporate to have tax free profits if the company is controlled from overseas.

There are 2 parts to this your personal taxation and the company rate. You only pay personal taxation when you realise it, ie you pay to yourself. Due to this somewhere like Ireland that taxes on a remittance basis may be better (unless you are Irish as this is for non-doms only).

Guernsey, Jersey and Sark all have housing restrictions. All of these places are really safe.

The best place depends on what type of business you do, how much you earn and how much you want to pay yourself.