Thanks for your input and wisdom everyone. I am starting a legit e-commerce site referring and rating sales people for the consumer. Kind of like rate your MD site - not a high risk business. I am gearing it to be fully automated and hands off. It is untested and have no idea if this will produce money but want to do it right from the star without investing a bunch of money in an untested business. Was worried if I started in my home country and it was successful then moved the business off shore that would give the tax office more of a︀ foothold saying I am evading taxes.
Alain: I'll have to check into the double taxation︁ countries. So I would have to create an offshore IBC and a trust/foundation?
PhongBong: Being︂ automated, hopefully there wont be any "management" but I guess that might be a good︃ thing as I can get a PO Box or hire a local from elance or︄ other freelance site who works in the country of incorporation and have them forward mail︅ or answer a call from a Google phone number that will never be published. Or︆ even a virtual office. The server will be in a country different than mine...probably the︇ USA. As far as working on the web site I usually have others I hire︈ out. For instance I have a developer in Belgium that is working on the script.︉ I'll hire a web developer probably from Philippines. If I update anything on the server︊ I was just going to invoice my off shore company so that my Cdn business︋ is now a supplier to the off shore...like the Belgium developer or website designer.
Admin: Not sure if I need the privacy at this point. I figure I only need︌ to worry about privacy if I'm trying to hide my assets. I have a very︍ simple solution. I don't have any. At least an amount that would be worth chasing︎ into a offshore business. The lawyers would eat up any money they might gain. I️ am running a legit business so no pharmacy/drugs/investments/gambling/P**N or other high risk things that would raise concern from a criminal or even ethical aspect. It's just an e-based business that can be run from anywhere so why setup in a high taxed region. I just don't want the country I'm a citizen of twisting things so they can take taxes on something that has nothing to do with them - but I'm probably preaching to the choir on this point.
That should give a little more insight. Just a guy, with a business idea, trying to scratch out his dream of financial independence in the︀ most prudent and wise way.
