Looking for a cheap, simple alternative to a Seychelles company

[Costas]

EMI provider blocked Seychelles entities. Need a low-cost, low-tax structure accepted by EMI/crypto.

Main use: receiving payments from a Cyprus company and sending payouts (same emi/crypto) to affiliates or as royalties, zero profit, all in, all out.

 

[daniels27]

If you have no profit, why does it need to be low tax then? Just‌ take something without withholding taxes on royalties.
https://taxsummaries.pwc.com/quick-charts/withholding-tax-wht-rates

Bermuda, Cayman, Gibraltar, Channel Islands, Hungary, Liechtenstein,‍ Luxemburg, Malta would probably work. Latvia and Netherlands probably too.

Depends a bit on the⁠ turnover as you may want to stay under the audit threshold to save money.

 

[JackofAllTrades]

EMI problem not⁠ a jurisdiction issue. Find a EMI that accepts Seychelles corps.

 

[Clearsky Network]

There are plenty of EMIs that accept Seychelles companies. For example, Payset, Fas finance, Payine‌ etc... as long as the business is legit the jurisdiction is not an issue

 

[Wellington]

Why not just use a card in your own name (crypto-> card) withdraw and deposit‌ into company account, have a lawyer write a draft, and account for properly, and just‍ put it down as regulatory issues for legitimate company.

 

[Costas]

This one meets the industry standard and is required for qualification, so‍ it's not a question of choosing an alternative , we specifically need this exact one.⁠

That’s also why I’m looking for the cheapest offshore jurisdiction without mandatory accounting, just to⁤ handle payments.

 

[Costas]

Since it's only for settling payments‍ , partly in crypto , I need a setup without accounting requirements or one that⁠ allows a zero balance. In a similar discussion, Belize and Nevis were mentioned as possible⁤ options.

 

[daniels27]

I am not⁠ sure if I understand properly. But then why not use a dormant UK Limited or⁤ a US LLC?

 

[Costas]

Because I’m not sure‍ if the dormant setup is still a viable solution , I got used to it⁠ back in the day, but it seems like it’s no longer practical due to reporting⁤ requirements.

 

[JackofAllTrades]

If you want cheap that is US or UK, the offshore jurisdictions are not cheap‌ and not necessarily private.

 

[Costas]

I'm not looking for the cheapest‍ option, but I also don’t believe in overpaying for “privacy.” In my opinion, everything should⁠ be reasonably priced and make sense.

 

[SoNewToAllShit]

That's very good, I gave up on Seychelles corps because⁠ it was impossible for me to find a valid EMI, now I will try again.⁤

Is there anything I need to be aware of when registering the company in SC⁣ ?

 

[drphantom]

In principle, there⁠ has always been a bookkeeping requirement in the Seychelles. A few years ago, the enforcement⁤ of this requirement was tightened, but in practice, you can just put together something basic⁣ and submit it if your CSP asks for it. Many people either ignore the requirement⁢ or have simply forgotten about it.