Opening up e-commerce business in the Bahamas?
- Thread starter Amazigh
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What exactly do you think you can get out of it? You will have to pay taxes where you live regardless of the company in Bahamas or in Honolulu - If you search the forum you can find lots of information about AML, CRS and other crazy reporting which took place years ago.
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
Correct. Any company you own or control from Norway, is tax resident in Norway and must comply with Norwegian tax law.
If you don't like that, you'll need to pack up and move to a tax haven. Cyprus and Malta are easy options for EU/EEA citizens.
Or put in so much money into the business that you can hire local staff in Bahamas and genuinely run it as a local business there. But even so, you'd be subject to tax on dividends/salary you take out from the company.
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This is the probably the answer to your question.
And beside that as someone coming from the E-commerce I can tell you that without really living in the Bahamas you don't get any merchant accounts you need like PayPal or 2Checkout.
Take a look at the UAE and Dubai Company Formation at least to have PayPal and Stripe available and some workaround for the CRS reporting for the short term.
However if you are not willing to move in the long-term you can't run the business 100% legit with keep staying in Norway like mentioned before.
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move out to Dubai or Panama or Bahamas if you wanna do legally (and enjoy real freedom }
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what are you, a bot ?
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because either you are a bot or you are a company, from your writing I read it this way!
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Do you want a total anonymous company with bank account? Get a step by step guide on how to do that here, it only requires mentor group gold.
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Do you want a total anonymous company with bank account? Get a step by step guide on how to do that here, it only requires mentor group gold.
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