I'm a Canadian planning to move to Paraguay and live there for 6+ months of the year. Looking for some advice on where I should incorporate for low taxes based on the below information.
1. I currently run two businesses that sell digital gaming currency/items. I formed companies in the US, Canada, and the UK in an attempt to get set up with a legit payment processor but it didn't work out, I found another solution that doesn't require a company. The income and expenses currently flow through my personal accounts. What should I do in this case, if anything?
2. On another note, If I were to start a completely whitehat B2C e-commerce business focused on the US market, where should I incorporate for easy company banking and payment processing?
3. Additionally, I have a personal account with IBKR but I'm assuming they won't like me moving to Paraguay... Would a company in Singapore be a good option?
The plan is to keep putting most of my income from the businesses into the investment account.
Just so it's clear, I'm looking to keep everything separate, not form one company for everything.
Any info or advice is appreciated.
Last edited: Jul 30, 2023
1. I currently run two businesses that sell digital gaming currency/items. I formed companies in the US, Canada, and the UK in an attempt to get set up with a legit payment processor but it didn't work out, I found another solution that doesn't require a company. The income and expenses currently flow through my personal accounts. What should I do in this case, if anything?
2. On another note, If I were to start a completely whitehat B2C e-commerce business focused on the US market, where should I incorporate for easy company banking and payment processing?
3. Additionally, I have a personal account with IBKR but I'm assuming they won't like me moving to Paraguay... Would a company in Singapore be a good option?
The plan is to keep putting most of my income from the businesses into the investment account.
Just so it's clear, I'm looking to keep everything separate, not form one company for everything.
Any info or advice is appreciated.
Last edited: Jul 30, 2023