Offshore Company Formation Cost
Fees verified .
An offshore company formation cost has two halves. The government fee is set by the registry and published: €50 in Ireland, AED 3,250 at RAK ICC, US$550 in the British Virgin Islands. The service half is what an agent charges to file and maintain it. WeOpenOffshore is an offshore formation advisory and introduction service, and every government figure below links to the registry’s own schedule so you can check it against the source rather than taking our word for it.
Want the drivers rather than the numbers? Read what drives the cost of an offshore company.
What Does an Offshore Company Cost?
Offshore company formation cost starts with the government fee, and across the 18 jurisdictions we cover that fee runs from €50 in Ireland to AED 3,250 at RAK ICC. Those are the cheapest and the dearest registries on our list, in the currency each one charges in.
That figure is not the price you pay. Three things sit on top of it: the registered agent, whose fee is not regulated by statute, our own fee, and anything you add such as a nominee director or a bank account introduction.
Our own fee is quoted per engagement. This page does not publish a service price yet, and inventing a range to fill the gap would make the whole table worth less than the registry links in it. What is published here is the half you can verify.
Offshore company formation cost by jurisdiction
How to read the empty cells.
- Quoted per engagement
- means we have not published that figure yet.
- None published
- means the registry publishes no such charge, which is not always the same as owing nothing.
- Publicly unavailable
- means the body publishes no schedule at all, which is true of IFZA and RAKEZ, and we do not estimate one.
Group A. Zero-tax classics
0% corporate income tax on foreign-source income, subject to your home-country reporting.
| Jurisdiction | Entity | Government fee | Registered agent | Our fee | First-year total | Annual renewal |
|---|---|---|---|---|---|---|
| British Virgin Islands (FATF grey list) | BVI Business Company | US$550 (up to 50,000 shares) | Quoted per engagement | Quoted per engagement | Quoted per engagement | US$550 |
| Seychelles | Seychelles IBC | US$130 | Quoted per engagement | Quoted per engagement | Quoted per engagement | US$140 |
| Belize | Belize company | US$150 (up to 50,000 shares) | Quoted per engagement | Quoted per engagement | Quoted per engagement | US$250 |
| Nevis | Nevis LLC | US$300 | Quoted per engagement | Quoted per engagement | Quoted per engagement | US$300 |
| Cayman Islands | Exempted Company | CI$700 (up to CI$42,000 capital) | Quoted per engagement | Quoted per engagement | Quoted per engagement | CI$925 |
| Cook Islands | International Trust | US$310 | Quoted per engagement | Quoted per engagement | Quoted per engagement | US$310 per renewal period |
Group B. Mid-shore
A real tax rate and a real treaty network, bought in exchange for reputation and banking access.
| Jurisdiction | Entity | Government fee | Registered agent | Our fee | First-year total | Annual renewal |
|---|---|---|---|---|---|---|
| UAE | RAK ICC International Business Company | AED 3,250 | Quoted per engagement | Quoted per engagement | Quoted per engagement | AED 3,950 |
| Hong Kong | Private company limited by shares | HK$3,895 (HK$1,545 registry + HK$2,350 business registration) | Quoted per engagement | Quoted per engagement | Quoted per engagement | HK$2,455 |
| Singapore | Private limited company | S$315 (S$15 name + S$300 incorporation) | Quoted per engagement | Quoted per engagement | Quoted per engagement | S$60 |
| Cyprus | Private limited company | €175 (€165 incorporation + €10 name) | Quoted per engagement | Quoted per engagement | Quoted per engagement | €20 |
| Malta | Private limited liability company | €100 electronic, at the minimum capital band | Quoted per engagement | Quoted per engagement | Quoted per engagement | €85 |
| Gibraltar | Private company limited by shares | £110 (£100 + £10 stamp duty) | Quoted per engagement | Quoted per engagement | Quoted per engagement | £103 |
| Isle of Man | 2006 Act company | £100 | Quoted per engagement | Quoted per engagement | Quoted per engagement | £380 |
Group C. Onshore-offshore
Fully onshore, fully taxed registers that non-residents use for a low-friction entity.
| Jurisdiction | Entity | Government fee | Registered agent | Our fee | First-year total | Annual renewal |
|---|---|---|---|---|---|---|
| USA, Wyoming | Wyoming LLC | US$100 | Quoted per engagement | Quoted per engagement | Quoted per engagement | US$60 minimum |
| USA, Delaware | Delaware LLC | US$110 | Quoted per engagement | Quoted per engagement | Quoted per engagement | US$400 annual tax |
| Ireland | Private company limited by shares | €50 | Quoted per engagement | Quoted per engagement | Quoted per engagement | €20 |
| Estonia | Osaühing (OÜ) | €200, or €265 expedited | Quoted per engagement | Quoted per engagement | Quoted per engagement | None published |
Also covered
Listed separately because its list status changes how you should weigh it.
| Jurisdiction | Entity | Government fee | Registered agent | Our fee | First-year total | Annual renewal |
|---|---|---|---|---|---|---|
| Panama (EU Annex I) | Sociedad Anónima | B/.360 (B/.60 registry + B/.300 franchise tax) | Quoted per engagement | Quoted per engagement | Quoted per engagement | B/.300 |
Fees verified , each against the registry’s own published schedule.
Four notes on the rows. Malta prescribes a real minimum share capital of €1,164.69, of which €232.94 must be paid up. RAK ICC prescribes no minimum capital at all under Regulation 49 of its 2018 Business Companies Regulations. Nevis charges US$300 for the Articles of Organization and a further US$20 for the Certificate of Formation, and US$300 plus US$30 on renewal, so budget US$320 and US$330. Figures stay in the currency each registry publishes, because converting them would mean quoting an exchange rate we would have to date and maintain, and the registry’s own figure is the one you can check.
Choosing between these is a different question from pricing them. For registry timelines, tax profile, substance obligations and list status, see the full offshore jurisdictions catalogue. For a ranked view, see compare the cheapest offshore jurisdictions.
What the Government Charges, and What the Registered Agent Charges
The two halves of the price are set by different people, and only one of them publishes.
A registry sets its fee by statute or regulation and puts it on its website. A registered agent sets its own fee and no one regulates it. The competitor ovza states this plainly in its own guidance: agent service fees are not regulated by statute. That is why quotes for the same jurisdiction vary so widely while the government half does not move.
So why does the agent fee exist at all? Because being an agent is itself licensed and charged for, and two registries publish exactly what it costs.
In the British Virgin Islands, an agent must hold a company management licence from the Financial Services Commission. Under Statutory Instrument 2023 No. 5, that licence costs US$600 to apply for, US$600 to issue and US$600 every year to renew. The agent also pays a registered-office levy of US$15 per active company, or a flat US$6,000 once it holds 500 or more. At RAK ICC, the 2026 fee schedule charges an agent AED 12,500 to onboard and AED 12,500 every year to renew its own licence.
Those are the agent’s costs, not yours. The AED 12,500 figure circulates in vendor copy as though it were a company renewal. It is not. A RAK ICC company renews at AED 3,950. You pay the agent’s licence costs indirectly, inside whatever the agent charges you.
The BVI levy also explains something no competitor states. An agent maintaining 500 or more companies pays the flat US$6,000, while one just below that threshold pays US$15 each, so agents in the 400 to 499 range carry the highest levy of anyone. A large agent has a real, measurable cost advantage, and that is the honest reason two quotes for the same jurisdiction differ. Our own fee is not simply cost recovery, and we will not pretend it is.
What It Costs to Keep the Company, in Year Two and Year Three
Most price pages stop at year one. Year two is where the arithmetic changes, and no competitor we reviewed publishes a multi-year total.
Government fees only, in the registry’s own currency. Service cost is excluded, because it is quoted per engagement. Each figure is the year-one fee plus the annual fee for each year that follows.
| Jurisdiction | Year 1 | Through year 2 | Through year 3 |
|---|---|---|---|
| British Virgin Islands | US$550 | US$1,100 | US$1,650 |
| Seychelles | US$130 | US$270 | US$410 |
| Belize | US$150 | US$400 | US$650 |
| Nevis | US$300 | US$600 | US$900 |
| Cayman Islands | CI$700 | CI$1,625 | CI$2,550 |
| Cook Islands | US$310 | US$620 | US$930 |
| UAE (RAK ICC) | AED 3,250 | AED 7,200 | AED 11,150 |
| Hong Kong | HK$3,895 | HK$6,350 | HK$8,805 |
| Singapore | S$315 | S$375 | S$435 |
| Cyprus | €175 | €195 | €215 |
| Malta | €100 | €185 | €270 |
| Gibraltar | £110 | £213 | £316 |
| Isle of Man | £100 | £480 | £860 |
| USA, Wyoming | US$100 | US$160 | US$220 |
| USA, Delaware | US$110 | US$510 | US$910 |
| Ireland | €50 | €70 | €90 |
| Estonia | €200 | €200 | €200 |
| Panama | B/.360 | B/.660 | B/.960 |
Two rows need reading carefully. Estonia holds flat because no annual state fee is published, though an annual report is still due. Delaware looks cheap in year one at US$110 and then adds US$400 of annual tax, so by year three it costs more than eight times its formation fee.
Three things make year two different from half of year one.
The annual fee is not the incorporation fee. The Isle of Man charges £100 to form a 2006 Act company and £380 every year to keep it, which is nearly four times the cost of creating it. The Cayman Islands charges CI$700 to incorporate and CI$925 a year after that. Both invert the assumption that the first year is the expensive one.
Compliance obligations arrive with the second year. Economic substance declarations, accounting records kept to the statutory standard, and an annual return where one exists all cost real money to satisfy, whether you do the work or pay someone to.
A missed renewal costs more than the renewal did. RAK ICC publishes the whole escalation: a 30-day grace period, then surcharges of 10%, 15%, 25% and 50% by month, a strike-off notice at month six, and restoration at AED 550 on top of everything owed.
Three exceptions are worth knowing because they cut the other way. Seychelles files no annual return. Estonia publishes no annual state fee, though an annual report is still due within six months of the year end even with no activity. A Delaware LLC files no annual report, but it owes US$400 in annual tax by 1 June, and “no annual report” is not the same as no annual cost.
One example of why an unsourced table cannot be trusted: gws-offshore prices Gibraltar formation from US$2,690 and renewal at US$2,890, so its renewal exceeds its first year with no explanation offered.
What Speed Costs, and When the Registry Charges You
Speed is a price variable, and some registries publish what it costs.
Estonia is the clearest case: €200 to register an osaühing, or €265 expedited. RAK ICC charges AED 1,250 for same-day processing when a request is submitted before 12:00, but its schedule excludes new incorporations from that service, so it will not speed up forming the company. Several registries publish no service standard at all, which is itself worth knowing before you plan around a date.
We do not publish an end-to-end formation time on this page. How fast a filing completes depends on the registered agent in that jurisdiction and on how quickly your documents clear due diligence, and stating a number we cannot stand behind would be the same failure as inventing a fee. Ask on a consultation and you will get a per-case answer. The registries’ own published service standards sit on the full offshore jurisdictions catalogue.
What You Send, and What the Agent Must Check
The documents are a cost item, because incomplete or stale ones are the most common reason a filing waits.
A licensed registered agent cannot file for you until it has completed customer due diligence. That is the agent’s own statutory obligation under the anti-money-laundering rules in its jurisdiction, not a preference of ours, and it is why the list is the same almost everywhere:
- A certified copy of your passport
- Proof of your residential address
- A declaration of the source of your funds
- The proposed company name and a description of the intended activity
- Corporate documents and ownership chain where a shareholder is itself a company
What costs extra is certification rather than the documents themselves: apostille and notarisation, courier, translation where the registry requires it, and re-certification when something has gone stale between collection and filing.
What Is Included, and What Is Not
Included in a formation engagement
- The registry filing
- The corporate pack: Certificate of Incorporation, Memorandum and Articles, register of members, register of directors
- The registered agent and registered office for the first year
- The due-diligence review
Priced separately
- Apostille and notarisation
- Courier
- Nominee director or shareholder
- Bank account introduction
- Accounting and any economic-substance filing
- Translation where a registry requires it
- Restoration after a strike-off
The second list is the one to read twice. On nominee arrangements and the notarisation and apostille they require, ovza describes these as costs rarely reflected in published formation packages, and it is right.
On nominees: a nominee director or shareholder is a governance and privacy arrangement, legal in the jurisdictions where we offer it. It does not conceal beneficial ownership from regulators, banks or tax authorities, and any provider who tells you otherwise is selling you a problem.
Can You Do It Yourself, and Do You Need a Lawyer?
The honest answer is not a price comparison. No government, court or bar association publishes a fee for company-formation legal work that we could verify to a primary source, so any dollar figure we put against “a lawyer” would be invented, and self-serving as well.
The question that can be answered from statute is different and more useful: are you allowed to file it yourself? Our 18 jurisdictions split three ways.
You may file yourself, and the state charges you directly.
Wyoming (US$100), Delaware (US$110), Ireland (€50) and Estonia (€200,). Here a genuine do-it-yourself tier exists, and what you buy from us is speed, correctness and the filings that follow, not access.
A licensed intermediary is mandatory.
The BVI, Seychelles, Belize, Nevis, Cayman and RAK ICC all require a licensed registered agent. The Cook Islands requires a licensed trustee company. The Isle of Man requires a licensed local agent for the company's entire life, not only at formation. Singapore requires a resident director. In these jurisdictions there is no do-it-yourself tier at any price, and the only real question is which agent. Panama requires a resident agent for every company.
Technically open, practically not.
Hong Kong, Cyprus, Malta and Gibraltar accept a direct filing, but an audit requirement (Hong Kong and Malta both require audited accounts every year) or a paid-up capital minimum (Malta's €232.94) usually is not surmountable alone.
Two costs of going alone that no price list shows. Restoration after a missed renewal costs more than the renewal did, once the surcharges and everything owed are added on top. And moving a company from one registered agent to another is a fee in itself: RAK ICC publishes AED 1,500 for the change, and the BVI charges US$200 to apply plus US$300 to approve one.
We are not a law firm and we do not replace one. Where a structure needs legal advice, it needs a lawyer, and we will say so.
The Costs That Are Not on Any Price List
A company in a zero-tax jurisdiction does not change what you owe where you live. These are the obligations that survive the choice, and they cost real money to meet.
If you are a US person, the company does not change what you file. FBAR, FATCA reporting, Form 5471 for a foreign corporation or Form 5472 for a foreign-owned US LLC, Form 8938, and the controlled-foreign-corporation rules all still apply. What used to be called GILTI is now net CFC tested income, renamed by section 70323(a)(1) of Public Law 119-21 for taxable years beginning after 31 December 2025. IRS form pages still carry the old name in places, so check the statute rather than the form title.
If you are UK resident, you still report to HMRC, and which rule reaches you depends on how the structure is held. If a UK company you control holds the offshore company, the controlled foreign company rules in Part 9A TIOPA 2010 can attribute its profits to that UK company. If you moved assets into the structure as an individual, the transfer of assets abroad rules in sections 714 to 751 of the Income Tax Act 2007 can tax its income on you. One thing worth separating: registering a foreign company in the UK is a different filing at a different price. Companies House charges £124 on form OS IN01, within one month of opening for business, and that is an overseas company registration, not what this page prices.
If you are resident in India, funding a foreign company is governed by FEMA. The Liberalised Remittance Scheme caps remittances at US$250,000 per financial year, and an investment into an operating foreign company is an overseas direct investment. That reporting runs through your authorised dealer bank at the time of remittance, and then an Annual Performance Report is due each year by 31 December.
If you are in the UAE, corporate tax applies at 9% above AED 375,000 according to the entity’s own position, under Federal Decree-Law No. 47 of 2022. A RAK ICC company is not a free-zone company and not a residence-visa route. Whether a RAK ICC company can reach the 0% qualifying free zone person rate is an open question, and the Federal Tax Authority’s own instruction is to check with the relevant Free Zone Authority. We do not assert it either way.
Beyond the filings, three compliance costs appear on no price list: satisfying or disclaiming economic substance, keeping accounting records to the standard the statute sets, and maintaining the beneficial-ownership register. Account information also moves without you: more than 100 jurisdictions exchange it automatically under the OECD Common Reporting Standard. You remain responsible for reporting your interest where you are resident. For the legality question itself, read whether an offshore company is legal.
What the Other Services Cost
| Service | What it covers | Price |
|---|---|---|
| Company formation | The entity, filed, with the corporate pack | Quoted per engagement |
| Offshore bank account introduction | Introduction and document preparation | Quoted per engagement |
| Company with bank account | Both, run in sequence | Quoted per engagement |
| Trust and foundation setup | Cook Islands International Trust, Panama Private Interest Foundation | Quoted per engagement |
| Corporate administration | Renewal handling, annual return, substance filing, nominee services | Quoted per engagement |
| High-risk merchant account | Payment processing for industries banks decline by default | Quoted per engagement |
| US bank account for non-residents | Account opening for a non-resident-owned US entity | Quoted per engagement |
| Offshore business account | A business account for an existing offshore company | Quoted per engagement |
A Cook Islands International Trust carries its own government charge of US$310 per registration period, which is the same structure as a company: a published government half and a service half on top. A Panama Private Interest Foundation is registered through the Registro Público.
Bank accounts are subject to the bank’s own KYC and approval. We introduce; we do not guarantee an account opening, and any provider who guarantees one is telling you something the bank has not agreed to.
What a Financial Licence Costs
| Licence | Regulator examples | Price |
|---|---|---|
| Payment and e-money | UK FCA, Bank of Lithuania | Quoted per engagement |
| Forex and investment | FSA Seychelles, FSC Mauritius | Quoted per engagement |
| Crypto and virtual assets | Dubai VARA, EU MiCA regime | Quoted per engagement |
| Gambling and iGaming | Malta, Anjouan, Costa Rica | Quoted per engagement |
| Banking | Jurisdiction-specific | Quoted per engagement |
The government half is published here too. The UK Financial Conduct Authority charges an application fee of £1,130 to £5,640 by pricing category for payment and e-money authorisations, which is the fee alone and excludes both the maintained capital and any advisory cost.
A licence engagement fee is not a guarantee. Licensing is subject to regulator approval, and we are not a regulatory filing agent.
Who This Suits, and Who It Does Not
This suits you if
you have genuinely cross-border activity, you are consolidating holdings across countries, you need an entity in a jurisdiction we are able to file in, and you intend to meet the reporting obligations above and want them priced honestly rather than left off the invoice.
It does not suit you if
your aim is to stop being taxed where you live, or you want beneficial ownership concealed from regulators, banks or a tax authority. We will say so on the call rather than after the invoice. It is also the wrong purchase if you need a bank account guaranteed before the company exists, if what you actually need is a domestic company (the UK overseas-company registration above is the common confusion), or if your activity needs a licence we cannot route.
If the structure is wrong for the goal, the cheapest jurisdiction on the table is still the wrong purchase.
Frequently Asked Questions
What is the cost of an offshore company?
The government fee runs from €50 in Ireland to AED 3,250 at RAK ICC across the 18 jurisdictions we cover, and every figure in the table above links to the registry that charges it. An offshore company cost is that fee plus the registered agent and the service fee, which we quote per engagement. The government half is published, so you can check it before you speak to anyone.
Why is the government fee so much lower than the price I am quoted?
Because the registry fee is one of three components. The agent has its own licence to pay for: in the BVI that is US$600 a year plus US$15 for every active company it maintains, and at RAK ICC it is AED 12,500 a year. Those are the agent's costs, paid indirectly through your fee. The rest is the work of preparing, filing and maintaining the company.
Do offshore companies have to file taxes?
The company's obligation in its own jurisdiction and yours where you live are two different questions. A 0% corporate income tax rate does not remove economic substance obligations, accounting-records requirements or an annual return where one exists. It also does not change your own filings: a US person still files an FBAR and, depending on the structure, Form 5471 for a foreign corporation or Form 8938, while a foreign-owned US LLC files its own Form 5472. A UK resident still reports to HMRC.
Is the cost the same every year?
No, and not always in the direction you expect. Year one carries one-off charges, but in some jurisdictions the annual fee is higher than the incorporation fee: the Isle of Man charges £100 to form and £380 a year, and Cayman charges CI$700 to form and CI$925 a year. Seychelles files no annual return, and Estonia publishes no annual state fee at all.
Do I need a registered agent, or can I file myself?
It depends on the jurisdiction, and it is a legal question rather than a price one:
- You may file yourself: Wyoming, Delaware, Ireland, Estonia.
- A licensed agent, trustee company or resident director is mandatory: BVI, Seychelles, Belize, Nevis, Cayman, RAK ICC, Cook Islands, Isle of Man, Singapore, Panama.
- Open in theory: Hong Kong, Cyprus, Malta, Gibraltar, where audit or capital requirements usually decide it for you.
Changing agent later costs money too. RAK ICC charges AED 1,500 for the change, and the BVI charges US$200 to apply plus US$300 to approve it.
Do offshore banks report to the IRS?
Yes. Under FATCA, foreign financial institutions report US account holders to the IRS. Separately, more than 100 jurisdictions exchange account information automatically under the OECD Common Reporting Standard, which the United States has not signed, so a US person is reached through FATCA rather than CRS. The account is reported whether or not you file, which is why the filings above matter.
Which of These Is Right for You?
Four questions narrow the table faster than any ranking.
What is the entity for? Holding assets, trading, or receiving payments. This changes whether you need substance, and substance is the largest recurring cost on the page.
Where are you tax resident? This decides what you file at home, and it is the column above that most often changes the real total.
Do you need a bank account in the same jurisdiction? Some registries are easy and their banks are not.
Will anyone read the jurisdiction's name on a contract? A counterparty, a bank or an investor may have a view, and that is a reason to pay more for a mid-shore option.
This page does not pick a winner. To choose, use the full offshore jurisdictions catalogue. To rank by price, use compare the cheapest offshore jurisdictions.