Your offshore jurisdiction choice will depend on your business type, your banking needs, and ease of relocation depending on your residency situation.
Your primary motivation will help ease your decision-making process. Your motivation can focus on asset protection, a hybrid corporate model, ease of administration, available man-power, resource availability, financial services, or maximum transparency. For example, if you are continent-specific, you will have to decide between Singapore and Hong Kong.
Politics and political stability also features in the decision-making process. Maybe it is your home country politics or offshore jurisdiction’s political stability. You may not want to overlook this point because, despite availably of all other favorable benefits like resources, it can all be wiped out in one day or period of political change.
One should also check on statutory compliance requirements, double taxation, banking facilities, and available professional services.