Advice

[AlexS]

Hi,

I own an e-commerce website profiting roughly $200k US per year.

Unfortunately, being a Canadian corporation, we are paying a lot in taxes. I spoke to an offshore tax advisor and here's what he recommended:
- Belize company
- Bahamas trust
- Global Bank Of Commerce Bank Account

What do you think of this plan? The advisor said they could provide registered agent / office services but I am worried that this is not legal since I live and manage my business from Canada.

 

[happyjohn]

It is legal even with nominees but you will need to find some WHO can help you locally with tax matters towards your tax office.

 

[icecold]

AlexS said:
- Global Bank Of Commerce Bank Account
Click to expand...

Where is this?
Bahamas Trust seems to be a great idea if it is a trust you ask to control your company. It is a bad idea if they suggested you to create a Bahamas Trust !!!

 

[suzy]

Belize company can't hurt! Let me ask you, do you honestly think about to setup a Bahamas Trust?