Comment by manxman

2 years ago

Be careful with the offshore jurisdictions. The low taxes can be offset by a lot of weirdness and org crime. It works if you’re a big corporate and have the right protection. Everyone knows each other in the small islands and scams get run from MITM attacks in local cafes, profiling from people in restaurants/cafes/coworking and a general lack of confidentiality among islanders between people they’ve known all their lives. Also there’s a level of hostility towards outsiders being successful in some of the offshore locations even though their economies depend heavily on such investment. I speak of Isle of Man, Guernsey and Jersey but there are horror stories from some of the Caribbean islands too. Again YMMV but if they do target you expect major friction in kind of the manner the Chinese do to force you to go through a local “partner”.