Cheap company + bank account

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carlc

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Dec 24, 2019
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Hello folks,
what is the cheapest provider to setup a corporation and a bank account?

Regarding the jurisdiction I m flexible as long as it is tax free and does not require filings and accounting.
 
I would suggest basing the purchase of a company on quality rather than price alone.

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You will want to check the provider and what services they can offer you before you are decide on the price only. Some of the cheapest corporate service providers around can course you more damage then good.

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Actually @John Dee is right in a way. The US tends to offer some of the cheapest locations for offshore companies, so may be worth a look for you.

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You can get a New Mexico company or Alaska company even cheaper! Check this thread Wyoming VS New Mexico LLC What is better?

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Apologies, this was meant to say 'At least with US Companies this can be avoided without using convoluted methods'. I was referring to the fact that for example an LLC can in some cases be treated as none US resident for tax purposes, whereas a UK Company will be taxable in the UK on profits regardless, unless you use convoluted methods which may or may not be legitimate. Sorry for the confusion.

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I was looking for a cheap offshore company that will provide anonymity. Mainly I will be running a few apps and I would want the ad revenue to go to an offshore account. I would in fact need the company to be off shore because I work in the US and in a very heavily regulated industry that doesn't allow for employees to conduct outside businesses. Any input on this?
 
Vouggy said:
Vouggy said:
I was looking for a cheap offshore company that will provide anonymity. Mainly I will be running a few apps and I would want the ad revenue to go to an offshore account. I would in fact need the company to be off shore because I work in the US and in a very heavily regulated industry that doesn't allow for employees to conduct outside businesses. Any input on this?
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Is your primary goal anonymity or not wanting to share with uncle sam? If the former, certain US states do not disclose company owners.
 
Vouggy said:
Vouggy said:
My main goal is anonymity and not wanting to share with Uncle Sam. Lol
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I strongly recommend you speaking with a professional tax advisor. All will say the same answer in different words, but still worth spending some money. 😉

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(just to be clear, they ALL will say you can't hide from the US)

With your given circumstances.

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Gediminas said:
Gediminas said:
I strongly recommend you speaking with a professional tax advisor. All will say the same answer in different words, but still worth spending some money. 😉
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second that, I'm sure there are lot's of opportunities for you to avoid to pay tax or at least reduce the tax burden to something you can live with.

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