There are no special circumstances under which you would be required to register a limited liability company. An LLC is a type of legal entity that successfully combines most of the most desirable attributes of other types of companies, which explains why most entrepreneurs choose an LLC when starting a business. In addition, 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 when they want to set up a trading company or small business within certain limits. LLCs are ideal for those looking to run a business (locally or internationally) and distribute profits at minimal cost. However, you should always keep in mind that an LLC does not usually offer an efficient mechanism for introducing a limited voting partner or multiple investors into your business. In these cases, we suggest that you consider forming a Limited Liability Partnership or Joint Stock Company, as they may offer better ways to achieve your goals. Registering an offshore company in a tax haven jurisdiction can be a good way to cut maintenance costs.