People love the idea of cheap, even six- and seven-figure entrepreneurs who are looking to open a company offshore in order to save their money on tax.

However, choosing the cheapest option, in this case, is not necessarily the best option because you may pay a high cost in the end for doing things cheaply and receive a low-quality service.

Therefore, it's important to take into consideration the reputation of the jurisdiction when opening an offshore company. Lower the jurisdiction - fewer and less reliable banking options.

Our advice is to invest more in your offshore company strategy and save time AND money in the long run.