Advice

Old means expensive

When choosing a ready-made company, you should begin by checking its incorporation date. One year of existence adds an average of $1000 to the price of an offshore company and $5000 – 10000 to the price of an onshore company.

It is also highly useful to pay attention to the month of incorporation. It may often be the case that a company’s anniversary is round the corner and you might have to pay for the company’s renewal almost as soon as you purchase it.

Sometimes, the agent who sells a company to you may spring a surprise on you by “having forgotten” to pay for its renewal. Even a Certificate of Good Standing provided to you cannot always guarantee that this issue will not arise.