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The cost of forming an offshore company can vary depending on several factors, including the country of incorporation, the type of company being formed, and the services required (such as legal and accounting services). That being said, some ways to reduce the cost of forming an offshore company include:

1. Choosing a low-cost jurisdiction: Some countries have lower incorporation fees and lower ongoing costs for offshore companies compared to others. For example, Belize and Panama are often considered to be some of the cheapest jurisdictions for offshore company formation.
2. Doing it yourself: It is possible to form an offshore company without the help of a professional service provider, although this can be complex and time-consuming.
3. Hiring an affordable service provider: There are many professional service providers that offer offshore company formation services, and it's possible to find providers that offer competitive rates.

It's important to keep in mind that cost should not be the only factor considered when choosing an offshore company formation option. Other important factors to consider include the country's legal and regulatory environment, the level of privacy and confidentiality offered, and the level of protection for assets.