DIY is not recommended, although it’s possible. For the expertise and experience, I recommend you to use the service of a reputable offshore company formation service provider bvi company setup.
In general, setting up an offshore company would cost you about USD400 – USD1,000 for company setup, depending on the reputation and level of service. Please note that there are recurring monthly or yearly fees to keep your company registration, along with additional services, such as address, phone numbers and company secretary fees. The offered services varies from one service provider to another – so be sure you don’t decide based on price china company formation.
To give you a real life example, ICO Services offers the Hong Kong offshore company formation service at EUR790, with an annual fee of EUR540 to keep your company registration, including government fee, registered address and company secretary hong kong company formation.
The whole registration process will take you about 5 to 7 days. Please note that for opening an offshore bank account, you need to personally present in Hong Kong. The process itself takes only 1 day.