Setting up your own business

Offshore companies are useful to anyone providing professional consulting services for specific periods of time.  A limited company is a legal person in its own right and has an existence separate from the people who incorporate it. Anyone doing business or making contracts does so with the company, and not the people running it.  This means that you limit your risk to the amount invested in the company.  As the shareholder or owner of the company you are protected from personal liability for the company’s debts.