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⍰ ASK What is the best business for offshore companies? And how much do I need to spend for that?

The "best" business for offshore companies can vary depending on a number of factors, such as the goals of the company, the laws and regulations of the jurisdiction in which it is incorporated, and the tax implications for the company and its owners. Some common reasons for using offshore companies include tax optimization, asset protection, and privacy.

As for the cost, it can also vary greatly depending on the jurisdiction and the specific services needed. Incorporating an offshore company typically involves fees for government registration, legal services, and ongoing maintenance, such as annual reporting and compliance requirements. These costs can range from a few hundred dollars to tens of thousands of dollars. It's important to consult with a qualified professional, such as an attorney or accountant, to determine the best offshore structure for your business and the associated costs.
 

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