Prevent Subpoenas and Frivolous Lawsuits

[cronius]

I'm new to offshoring and I would like to setup an offshore company that I can use with maybe a nominee director(or shareholder) to register all my hosting accounts, paypal, etc. and not reveal myself as the owner if the company is subpoenaed in a civil lawsuit - as the person who subpoenas my company will probably just try to sue me personally(I live in the United States).

I was thinking of setting up a Belize or Nevis LLC with nominee directors/shareholders to do this. These jurisdictions seem to deter frivolous lawsuits and have low upkeep. Is this the best way to do it? One issue I've been having is that some companies I've talked to don't let you use a nominee's name on web hosting accounts, domain registrars, PayPal, etc.

Any input is appreciated

 

[negon]

Belize and Nevis will not work with PayPal. If that is one of your basic requirements forget these jurisdiction and look into the UK, Cyprus, Bulgaria or Malta!

 

[cronius]

auric said:
Belize and Nevis will not work with PayPal. If that is one of your basic requirements forget these jurisdiction and look into the UK, Cyprus, Bulgaria or Malta!
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Thanks for the suggestion, not a huge requirement as there's always bitcoin but it would be nice, as far as jurisdiction, would all of these be able to stop a US subpoena

 

[negon]

No they wont! But it's possible to get a payment system setup for entities from these countries.

 

[cronius]

auric said:
No they wont! But it's possible to get a payment system setup for entities from these countries.
Click to expand...

Ah alright, is there any way to prevent the name of the owner getting out with nominee shareholders? I'm talking about a civil subpoena from someone in the US, if they can't find out the company is owned by someone in the US, then they will be discouraged from suing an offshore company, but if they find out the owner(me) lives here, they will just try to sue me personally here

 

[negon]

You want to go for a Cyprus company with nominee director and shareholder and which has a very strong privacy protection. Depending on your budget and how big your business is going to be you even want to ask a Cyprus Trust to open the company for you. This requires a €10K budget just for the setup.

 

[diablo]

Is PayPal a requirement for you or can you use a offshore merchant account for your Belize corp?

 

[cronius]

diablo said:
Is PayPal a requirement for you or can you use a offshore merchant account for your Belize corp?
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The biggest concern is prevent subpoenas/privacy. I only need something to pay the webhost and registrar after that, which could be a merchant account or even just bitcoin. So no, not a requirement

 

[diablo]

Why not set up a simple Belize with darks and bitcoin payment?

 

[cronius]

diablo said:
Why not set up a simple Belize with darks and bitcoin payment?
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Well maybe, but I'm trying to keep this as legal as possible, if possible, are there potential penalties for using fake documents, fraud etc., I'm in the US and will be marketing to US people

 

[JohnLocke]

I doubt it to be a good idea to use setups like the one you suggest @diablo for this purpose!

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[RMelo]

Thailand paypal, its doesnt require verification

 

[diablo]

RMelo said:
Thailand paypal, its doesnt require verification
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Since when?

 

[fanban]

cronius said:
I was thinking of setting up a Belize or Nevis LLC with nominee directors/shareholders to do this. These jurisdictions seem to deter frivolous lawsuits and have low upkeep.
Click to expand...

did you do so and if, what is the outcome of all of this?