best offshore country in 2024 to be protected from legal action in USA and Europe?

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It very much depends on what you have done and who is after you!
 
alley said:
It very much depends on what you have done and who is after you!
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I am not a criminal. I run an online store and sell products in Germany and USA. In these countries, there is a good chance that you will be sued because you made a mistake on the website or a product is damaged and you have to pay compensation to the buyer that you cannot cover with insurance.
 
It is indeed very simple; that is why one sets up a company, to limit liability in their business. Should such a problem arise or even a lawsuit come out of it, you close the company, and those suing you for such matters can look up in the directory for some compensation.

For this purpose, I would set up a company, for example, in the Seychelles as a front company and then conduct all settlements in a company behind it, for example, a UK LTD, as long as it is still easy and inexpensive to do so.

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uplana said:
It is indeed very simple; that is why one sets up a company, to limit liability in their business. Should such a problem arise or even a lawsuit come out of it, you close the company, and those suing you for such matters can look up in the directory for some compensation.

For this purpose, I would set up a company, for example, in the Seychelles as a front company and then conduct all settlements in a company behind it, for example, a UK LTD, as long as it is still easy and inexpensive to do so.
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US doesn't usually adhere to Limited Liability in cases...

See all the regulatory actions, they bypass and name the owner/ceo/ etc as one of the counterparties in their cases.
 
It might be so, but they cannot enforce American law in, for example, England, meaning one would need a local court in England to issue the same verdict as in the USA if we assume that he is being sued from there. Therefore, it is quite straightforward and simple.

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CyberCommander said:
Which is the best offshore country in 2024 to be protected from legal action in USA and Europe?
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For certainty then Russia or Iran smi(&%

If your seeking a legal entity then you can also get tax advantages if you open up in one of the Russian Special economic zones or Iranian Freezones.

For example:

Russian -> Special economic zone «Innopolis»

Iran -> Arvand Free Zone Organization ”“ Arvand Free Zone , IRAN

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
CyberCommander said:
I am not a criminal. I run an online store and sell products in Germany and USA. In these countries, there is a good chance that you will be sued because you made a mistake on the website or a product is damaged and you have to pay compensation to the buyer that you cannot cover with insurance.
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This only happens in rare cases, after a few warnings and if you have 1000+ complaints.
 
Go and shake hands with Putin, that may be your best protection against any law suite.

As far as I read, Russia is not for beginners not even you just want to setup a company.
 
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