Language - It is advisable that a centre is chosen which uses the same language as the client (and possibly the client's adviser). In view of the number of centres and their geographic spread it should be possible for a client to find a jurisdiction which speaks his language.

Cost - This is often a consideration but should not be the main criteria on which a decision is based. Generally speaking, the cost for the provision of financial services has decreased over the years. This is mainly a result of the increase in the number of offshore centres and the resulting increase in the number of service providers. Although it is important for clients to receive value for money in relation to the services which they choose, it is equally important for them to remember that the choice of centre should be made based on a number of factors and not just on fees and expenses. These include the suitability and attractions of the local laws (such as on trusts and companies), the quality of the service providers and often more importantly the reputation of the centre.

Reputation of the Centre - There are a great many offshore centres to choose from and making a choice can be difficult as there will often by many similarities between each location. The reputation of a particular centre can therefore play an important part in the selection process. After all, a client will be less likely to place his assets in a structure in a centre which has suffered recent economic or political problems or worse still, a financial scandal. The older and more established offshore centres often benefit in this area as many can boast a trouble- free past without serious incident. This adds to their reputation as a solid and respectable offshore centre. On the other hand, the new or developing centres have no proven track record as they are new to the industry, and as a result, have little or no reputation which can be marketed to attract potential clients.

 

Same Time Zone - The ability of the client to pick up the telephone and speak to his offshore service provider at a reasonable hour can be an important factor in the selection process and as a result a centre might be required which is situated in the same time zone as the client. This may still mean there will be a choice between centres in that same zone but at least the search will be narrowed down.

Climate - Do not forget that there are clients who will weigh up the pros and cons of different centres and then make their final decision based on the relative merits of the climate of the jurisdiction chosen. You might be surprised at the number of clients who choose a jurisdiction in the Caribbean in which to place their hard earned wealth because they like the sunshine!