Looking for a cheap, simple alternative to a Seychelles company

[Costas]

EMI provider blocked Seychelles entities. Need a low-cost, low-tax structure accepted by EMI/crypto.

Main use: receiving payments from a Cyprus company and sending payouts (same emi/crypto) to affiliates or as royalties, zero profit, all in, all out.

 

[daniels27]

If you have no profit, why does it need to be low tax then? Just take something without withholding taxes on royalties.
https://taxsummaries.pwc.com/quick-charts/withholding-tax-wht-rates

Bermuda, Cayman, Gibraltar, Channel Islands, Hungary, Liechtenstein, Luxemburg, Malta would probably work. Latvia and Netherlands probably too.

Depends a bit on the turnover as you may want to stay under the audit threshold to save money.

Last edited: Apr 1, 2025

 

[JackofAllTrades]

Costas said:
EMI provider blocked Seychelles entities. Need a low-cost, low-tax structure accepted by EMI/crypto.

Main use: receiving payments from a Cyprus company and sending payouts (same emi/crypto) to affiliates or as royalties, zero profit, all in, all out.
Click to expand...

EMI problem not a jurisdiction issue. Find a EMI that accepts Seychelles corps.

 

[Clearsky Network]

There are plenty of EMIs that accept Seychelles companies. For example, Payset, Fas finance, Payine etc... as long as the business is legit the jurisdiction is not an issue

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[wellington]

Why not just use a card in your own name (crypto-> card) withdraw and deposit into company account, have a lawyer write a draft, and account for properly, and just put it down as regulatory issues for legitimate company.

 

[Costas]

JackofAllTrades said:
EMI problem not a jurisdiction issue. Find a EMI that accepts Seychelles corps.
Click to expand...

This one meets the industry standard and is required for qualification, so it's not a question of choosing an alternative ”” we specifically need this exact one.

That's also why I'm looking for the cheapest offshore jurisdiction without mandatory accounting, just to handle payments.

 

[Costas]

daniels27 said:
Depends a bit on the turnover as you may want to stay under the audit threshold to save money.
Click to expand...

Since it's only for settling payments ”” partly in crypto ”” I need a setup without accounting requirements or one that allows a zero balance. In a similar discussion, Belize and Nevis were mentioned as possible options.

 

[daniels27]

Costas said:
Since it's only for settling payments ”” partly in crypto ”” I need a setup without accounting requirements or one that allows a zero balance. In a similar discussion, Belize and Nevis were mentioned as possible options.
Click to expand...

I am not sure if I understand properly. But then why not use a dormant UK Limited or a US LLC?

 

[Costas]

daniels27 said:
I am not sure if I understand properly. But then why not use a dormant UK Limited or a US LLC?
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Because I'm not sure if the dormant setup is still a viable solution ”” I got used to it back in the day, but it seems like it's no longer practical due to reporting requirements.

 

[JackofAllTrades]

If you want cheap that is US or UK, the offshore jurisdictions are not cheap and not necessarily private.

 

[Costas]

JackofAllTrades said:
If you want cheap that is US or UK, the offshore jurisdictions are not cheap and not necessarily private.
Click to expand...

I'm not looking for the cheapest option, but I also don't believe in overpaying for “privacy.” In my opinion, everything should be reasonably priced and make sense.

 

[SoNewToAllShit]

Clearsky Network said:
There are plenty of EMIs that accept Seychelles companies. For example, Payset, Fas finance, Payine etc... as long as the business is legit the jurisdiction is not an issue
Click to expand...

That's very good, I gave up on Seychelles corps because it was impossible for me to find a valid EMI, now I will try again.

Is there anything I need to be aware of when registering the company in SC ?

 

[drphantom]

Costas said:
Since it's only for settling payments ”” partly in crypto ”” I need a setup without accounting requirements or one that allows a zero balance. In a similar discussion, Belize and Nevis were mentioned as possible options.
Click to expand...

In principle, there has always been a bookkeeping requirement in the Seychelles. A few years ago, the enforcement of this requirement was tightened, but in practice, you can just put together something basic and submit it if your CSP asks for it. Many people either ignore the requirement or have simply forgotten about it.