Author Options:

How Do I Create an Offshore Corporation? Answered

Anybody know how to start an offshore corporation (and is willing to share how - cuz it's tough to find someone to share that specific info)? I have a coaching client who really needs to start an offshore corporation but I haven't a clue how to even point her in the right direction. Thanks.


Ask an accountant? It depends how far "offshore" you're willing to go. Jersey (UK Channel Islands), Isle of Man, Switzerland? Or Cuba?

Hmm. Does it really matter how far offshore? The only place I've heard of is the Cayman Islands south of Cuba. So I guess what I'm looking for is a way to help her get started. Sounds like it would depend on the location.

I was being metaphorical - how are they willing to go, legally? Your best bet is still to ask an accountant - ask them how much it would cost, though.

my dad did that... I don't know though, he's dead now, it isn't always something illegal like money laundering though, there are other reason to use them...

And for the helpless accountant that had to deal with the books... They weren't the picture of tidyness, in the end they worked it out better so it was closed...

Yep, when your accounts don't fit the gov's standard form, sometimes you just have to cut them out of the loop. It's easier to just pay standard taxes and avoid the frustration of having to explain where it all came from and where it all went.

North Sea oil platform? =)

Meaning it's probably for some sort of illegal reason, too. In such a case, the instructables community doesn't generally offer help.

Well, since I don't know what money laundering is, I don't think it's that, although I suppose it could be. Clients don't always tell the truth you know. I guess I'll tell her to contact a corporate attorney...that'd be my best advice then. I had no clue that money laundering was a possiblity. Maybe that's the biggest reason I've found nothing really helpful on the web...I'm so naive - du-uh. But giving her the benefit of the doubt, couldn't a personal reason be valid? Think pre-nup.

Not really...corporations generally do something specific to make money. The fact that she just specified that she wants it off-shore, but nothing else is extremely suspicious. If she's getting married and wants to protect her money, tell her to have an actual pre-nup written.

By the way, if you're having to ask online how to do it, you/she are more than likely to get caught later on.