Best offshore formation for my startup (it's a mobile app)

[AlbertBr]

I want to launch my app in SouthEast Asia, China and India markets. If it's possible, I want my name stay as anonymous as possible, but I understand in case this is not possible.

I was thinking about doing a Nevis LLC first. Then, I would open a Hong Kong LLC (for Chinese markets) and Singapore LLC (for ASEAN countries markets) with my Nevis LLC as the only shareholder. I think that way my name is not public, right? I know I need a resident director for both HK and Singapore, but that way can I have a nominee director? For India I would use my Nevis LLC as 99.99% shareholder and would give 1 share for a local resident with the benefit of the share being my Nevis LLC. I also would use 2 nominee resident directors if it's possible.

I'm not an American/EU citizen.

Thanks for your insights.

Observation: I just started to study offshore incorporation recently, so please forgive me if I said something dumb/not possible. If you can, please refer me where I can study offshore incorporation (a link, book or an online course), I'll be grateful.

I also want to know if I can ask here advice on what companies which help you to incorporate offshore are legit. I imagine there are a lot of scams out there.
Thanks a lot.

 

[CaptK]

Why do you have to have a company in each Jurisdiction?

HK and Singapore wont open you an account with a Nevis company shareholder.

You are better to use a Seychelles company but you still will have issues with the bank accounts opening.

As you will be getting paid from the Apple and Google it doesn't matter where your company is. Your other option is that you hold the IP in a Seychelles company then license it to your HK, India and Singapore companies.
Profit split on 90/10 to the Seychelles company.

 

[Gediminas]

AlbertBr said:
I want to launch my app in SouthEast Asia, China and India markets. If it's possible, I want my name stay as anonymous as possible, but I understand in case this is not possible.

I was thinking about doing a Nevis LLC first. Then, I would open a Hong Kong LLC (for Chinese markets) and Singapore LLC (for ASEAN countries markets) with my Nevis LLC as the only shareholder. I think that way my name is not public, right? I know I need a resident director for both HK and Singapore, but that way can I have a nominee director? For India I would use my Nevis LLC as 99.99% shareholder and would give 1 share for a local resident with the benefit of the share being my Nevis LLC. I also would use 2 nominee resident directors if it's possible.

I'm not an American/EU citizen.

Thanks for your insights.

Observation: I just started to study offshore incorporation recently, so please forgive me if I said something dumb/not possible. If you can, please refer me where I can study offshore incorporation (a link, book or an online course), I'll be grateful.
Click to expand...

Hey,

A lot of circumstances should be taken into account, such as customer geography, partners geography, personal circumstances, and many more. Happy to discuss it with you further.

As regards anonymity, you will have to disclose your identity to the registrar and financial institution, but nominees will protect your name for the public registries. So this probably solves most of your issues.

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[AlbertBr]

CaptK said:
Why do you have to have a company in each Jurisdiction?
Click to expand...

It's a peer-to-peer ride-sharing I'm building, with some modifications I made. I think I'll need a company in each country my business work.

CaptK said:
HK and Singapore wont open you an account with a Nevis company shareholder.

You are better to use a Seychelles company but you still will have issues with the bank accounts opening.
Click to expand...

Thanks for the info. I believe I don't need a bank account as I'll use fintech payment method and blockchain inside the app.

CaptK said:
As you will be getting paid from the Apple and Google it doesn't matter where your company is. Your other option is that you hold the IP in a Seychelles company then license it to your HK, India and Singapore companies.
Profit split on 90/10 to the Seychelles company.
Click to expand...

The app will be free. I'll make money from transactions inside the app.

Gediminas said:
Hey,

A lot of circumstances should be taken into account, such as customer geography, partners geography, personal circumstances, and many more. Happy to discuss it with you further.

As regards anonymity, you will have to disclose your identity to the registrar and financial institution, but nominees will protect your name for the public registries. So this probably solves most of your issues.
Click to expand...

My customer base will be in the countries I listed: India, SouthEast Asia (see message above). I'm in Brazil. I thought that in Nevis your name don't go to public records, and it would be possible to open a company in other places as a subsidiary of Nevis company.

Last edited: Aug 13, 2020

 

[AlbertBr]

https://www.rikvin.com/singapore-co...rporate-in-singapore-to-do-business-in-india/
I'm still studying it and you can do business in India with a Singapore company, this is very good for me. I'll keep studying. If someone has an advice, I'm grateful to read.

 

[AlbertBr]

I'm still studying it and you can do business in India with a Singapore company, this is very good for me. I'll keep studying. If someone has an advice, I'm grateful to read.