There are no special circumstances in which you would be required to incorporate a limited liability company. An LLC is a type of legal entity that successfully combines most of the desirable characteristics of other types of businesses, which explains why most entrepreneurs choose an LLC when starting a business. Additionally, many offshore jurisdictions have simplified accounting and record-keeping requirements for LLCs.

We usually advise our clients to consider an LLC as a viable option if they wish to incorporate a trading company or small business within certain limits. LLCs are perfect for those looking for an opportunity to run a business (locally or internationally) and distribute profits with minimal effort. However, you should always keep in mind that an LLC does not typically provide an effective mechanism to introduce a limited voting partner or numerous investors to your company. In these cases, we recommend that you consider a limited partnership or a public company, as they may offer more effective ways of achieving your goals. Forming an offshore company in a tax haven can be a great way to reduce maintenance costs.