Offshore Company to receive 10-30k / month in crypto (convert to fiat / territorial country)

[Kakashi]

If a person expects to receive crypto as payment for a variety of services, mostly consulting / advisory in the online adult space, what would be a good offshore corp structure to convert crypto funds to fiat?

Requirements:

- 10-30k / month
- Access to good banking and crypto exchanges: profits would be 1) sent to personal account as dividend in a territorial tax country (0% tax) and 2) optionally, to invest under the company's name if the asset protection is strong enough
- If asset protection is not strong with this set up / banking headaches, lower costs become more important
- Corp needs to clearly have 0% tax across the board / 0% WHT
- Corp needs to provide SoW to be used in the future (Although likely not in US/EU/western world)

 

[daniels27]

Kakashi said:
If a person expects to receive crypto as payment for a variety of services, mostly consulting / advisory in the online adult space, what would be a good offshore corp structure to convert crypto funds to fiat?
Click to expand...

Apart from the fact that you most likely have a PE in your country committing tax evasion there...

Kakashi said:
Requirements:

- 10-30k / month
- Access to good banking and crypto exchanges: profits would be 1) sent to personal account as dividend in a territorial tax country (0% tax) and 2) optionally, to invest under the company's name if the asset protection is strong enough
- If asset protection is not strong with this set up / banking headaches, lower costs become more important
- Corp needs to clearly have 0% tax across the board / 0% WHT
- Corp needs to provide SoW to be used in the future (Although likely not in US/EU/western world)
Click to expand...

you may look at Singapore, maybe? We had a long discussion there for such setups.

 

[Kakashi]

daniels27 said:
Apart from the fact that you most likely have a PE in your country committing tax evasion there...


you may look at Singapore, maybe? We had a long discussion there for such setups.
Click to expand...

I think I can get around PE by having more people involved and I dont think my home country would care

Any chance you can point me to the Singapore thread? Haven't found it I am afraid, but I would have thought something like Panama IBC/seychelles would be as good / chaper...

 

[daniels27]

Kakashi said:
I think I can get around PE by having more people involved and I dont think my home country would care
Click to expand...

Then no need to worry, you can just do the US LLC.

Kakashi said:
Any chance you can point me to the Singapore thread? Haven't found it I am afraid, but I would have thought something like Panama IBC/seychelles would be as good / chaper...
Click to expand...

Singapore is not cheaper than Caribbeans but banking and reputation is better.

https://www.offshorecorptalk.com/threads/is-singapore-truly-a-tax-haven.44805/https://www.offshorecorptalk.com/threads/gibraltar-vs-bvi.44713/https://www.offshorecorptalk.com/threads/singapore-company-structure-for-offshore-taxation.43973/

 

[JohnLocke]

How about bank account opening in Singapore, it's a complicated process if I read all what is posted here on OCT about it correct ?

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[WptyBR]

If you need Panama I am from Panama.