Starting a SaaS (Belize Corp) - EMI/Bank/Darks/2checkout questions

[ultrarekt]

Hello Guys!

So I am in the process of starting a SaaS in Belize. I've read a lot about Darks and whatnot (real ones vs fake ones - although I can't exactly tell the difference in usage and whatnot).

I got quite a few questions and spent the last 10 hours researching as much as I could on offshorecorptalk - even got the mentor group access upgrade. So before I start with said questions, here's the setup:

-Belize Corp (SaaS)
-Belize Bank Account (real belize bank)
-Nominee shareholder + director
-2checkout for recurring billing - they require both incorporation AND bank acct to be in the same country
-Use my 2nd passport/citizenship (my main one = CRS participating country, second = Arabic) to open bank account at a real bank in Belize, provide arabic utility bill and fill out the self-certification form that I am only an Arabic resident.

ALTERNATIVE: save money by using darks, which means I dont need nominee shareholder and nominee director, the "Dark" can fill those positions, saving be a few hundreds a year I believe? Plus I wouldn't have to travel to my other country to get my 2nd passport, so that's another $2K plane ticket saved. I want to go with Auric or Diablo as they seem to be reputable (props for that!) but I want to make sure I nail down the structure first before going for it.

Now, my questions:

1) Should I use my 2nd passport, or go the "Darks" way? 2nd passport means I can have a proper Belize real bank account, yet not be AEOI reported. CRS loophole. Plus I'd be comfortable making real estate purchases in the futures in other carribean jurisdictions since I'm the real owner of bank account and corp through that authentic 2nd citizenship/passport.

2) If I go the "Darks" way, why cant i use those to open a real bank account in belize? Yet they'd work for EMI's and processors such as 2checkout? I'd like some clarification on that. I'm talking notarized darks and notarized utility bill from Auric. Why would a belize bank have an issue with that and why's it considered a big no-no?

3) If I go full darks belize + EMI, would this work with 2checkout with their new requirement that corporation + bank account must be in the same country? EMI for sure wouldn't be belize and I'm worried they'd reject me because of that! Any way to make Belize + EMI + 2checkout work at all and totally bypass the belize real bank account?

4) my domain is currently registered with godaddy canada (and the outsourced devs building my SaaS are from there - they bought the domain for me). Should I transfer the domain to an offshore webhost/VPS provider? Which ones would you recommend for that - I want speed, reliability, good price and no way to get it "taken down" by instagram/facebook/etc (some of my products might break their TOS. My main product doesn't, but my 2nd does). Most clients will be North America (Canada USA) so it must connect relatively quickly.

5) Say I go with Belize Corp + 2nd passport + Real belize bank account to receive the 2checkout deposits, should I use the belize bank's prepaid visa/mastercard to withdraw cash at ATM's in my home country? Or is it preferable to transfer to an EMI first, and use the EMI's card? Outgoing wires from Belize bank to EMI is 100$ so that's quite steep, I'd love to just use the bank's prepaid mastercard but worried to raise some flags as their client (me) always seems to make cash withdrawals from the same (non belize) country?

6) Do i always have to go through the headache of using a proxy when connecting to the EMI's online banking or my Belize bank's online banking as to not show my home country's logging IP, or is that only when doing the initial application(s)?

7) What about SMS/Phone number verification? Any good sources?

8) Would my setup require mail forwarding? Good sources?

9) I've noticed these EMI's being brought up often. Which ones would work well to receive wires from my Belize bank account (or directly from 2checkout, if we can bypass the "corp + bank must be in same country" requirement?):


https://www.payoneer.com/main/
LeuPay - Online Payments & Money Transfers Made Easy
The Mobile Bank
Mistertango ”“ Smarter Payments Online
Geld online überweisen | Mit TransferWise Geld ins Ausland versenden
Paysera
Your Digital Banking Alternative | Revolut
myPOS Card Terminal - Mobile Credit Card Reader for Every Business
https://www.advcash.com/en/
Online wire transfer service - B2B payments | Worldcore


FINAL NOTE:

Once I've nailed all of that info, I'd like if a reputable provider could quote me for a full setup:

-Belize corp
-2CO account

-Belize bank (required for 2CO, they want bank in same country as corp) or EMI that works with 2co belize if you can figure that one out.

-I'd also like to be able to use these darks to sign up for corporate accounts on crypto exchanges KYC procedures (binance & similar)


Thanks for your valuable feedback!

 

[negon]

It's not easy to open an account with any of the very few Belize banks arround! If I was in your shoese and wanted to use 2co I would setup some entity in the EU, for instant UK, Cyprus, Malta and similar places!

Darks works very well for UK and Cyprus as I know.

ultrarekt said:
6) Do i always have to go through the headache of using a proxy when connecting to the EMI's online banking or my Belize bank's online banking as to not show my home country's logging IP, or is that only when doing the initial application(s)?
Click to expand...

No, there is no need for that, as you can tell them you are traveling.

ultrarekt said:
7) What about SMS/Phone number verification? Any good sources?
Click to expand...

You can get a local mobile phone number easely on Ebay or aks the agent that help you to setup the corp.

ultrarekt said:
8) Would my setup require mail forwarding? Good sources?
Click to expand...

yes, but you get that directly by the company formation service, or you want to use a 3rd party service like clevvermail.

ultrarekt said:
9) I've noticed these EMI's being brought up often. Which ones would work well to receive wires from my Belize bank account (or directly from 2checkout, if we can bypass the "corp + bank must be in same country" requirement?):
Click to expand...

Mister Tango, Payzera and AdvCash works fine.

 

[ultrarekt]

@auric Thanks a lot for your reply!

I really like Belize's simplicity in terms of no accounting, no bookkeeping, no audits, nothing. I have an introducer who can take care of the belize bank introduction, and I also wouldn't mind flying there to meet the CEO of the bank even! (I always wanted to travel to belize anyway).

Would the following scenario work in your opinion? :

First, I would get my 2nd passport/citizenship. This is an arabic passport so my name would be in arabic, and written in english under. I can make sure my name is english is differently spelled than on my Canadian passport (for example: Canadian passport = Alexander Jacobson, Arabic passport = Ahlekssander Jekkebsen) and both passports would be real passports (not fakes). This is because arabic passports we can write the name in english however we want AS LONG AS it sounds the same when it is spoken out loud. I can also get a driver's license in 5 days in that country (to further show that I am "really" from that country).

Then, I would:

1) Open Belize corp under nominee shareholder/director and my 2nd passport.
2) Make a photocopy of my 2nd passport, have it notarized in my 2nd country (remember, this is a REAL passport) + Notarized photocopy of arabic drivers license.
3) Use your services to craft a "notarized" utility bill (electricity) from the arabic country to demonstrate even further I really live there

{Alternatively, I can have my best friend's grandparents (living in the arab country) to put electricity on my name for 1 cycle, and grab that document from them, so it would be legit instead of faked, and have it notarized alongside my passport. I would only do this if you think your fake utility bill wouldn't work with a bank}

4) Send #2 and #3 to Belize bank to open bank account.

I am hoping this would work since we do NOT use darks for passport, we instead send a legit one and only use a fake notarized utility bill. Then I can proceed with a 2checkout account since bank + corporation are in the same country, benefit from Belize's absolute lack of bookkeeping, and be a happy man 🙂

Thanks a lot for your help!

 

[JohnLocke]

Well, I lost track on this, if you provide a passport where the name is not spelled exactly like it is in the application they will start questioning the entire thing! So, they will reject your application.

However, what was the point with the two passport's with different name spelling? I mean what is it you try to achieve with that?

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[ultrarekt]

Admin said:
Well, I lost track on this, if you provide a passport where the name is not spelled exactly like it is in the application they will start questioning the entire thing! So, they will reject your application.

However, what was the point with the two passport's with different name spelling? I mean what is it you try to achieve with that?
Click to expand...

No, my 2nd passport will have an intentional misspelling, and it will match exactly what's in the application. But this passport still shows my birth place as Canada (not important, as long as i show them I am now an Arabic Country citizen/resident for tax purposes)

It's just that IF, for some reason, Belize signs AEOI/CRS with Canada, and they do report me (which they won't, I will be saying my tax residency is my arabic country and thats why i have an arabic passport + drivers license), but JUST IN CASE by some really bad luck my info is leaked to canada, they would receive information on "Alekssander Jekkebsen" which does not exist in Canadian database, instead of "Alexander Jacobson" which DOES exist in Canadian database.

Basically Alexander Jacobson would be my legal real name according to my Canadian passport
and then Ahlekssander Jekkebsen would be my legal real name according to my Arabic passport. I would use this name for everything offshore to make sure Canada doesnt know about me.

 

[JohnLocke]

Now I see what it is you want to do. If you show them an Arabic passport they won't report you to Canada unless they may know that you actually not live there but in Canada.

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[ultrarekt]

Admin said:
Now I see what it is you want to do. If you show them an Arabic passport they won't report you to Canada unless they may know that you actually not live there but in Canada.
Click to expand...

Exactly. If I show them arabic passport + arabic driver's license + arabic utility bill, I guess I have more than enough to demonstrate I live there, correct?

They usually only ask passport + utility bill, but the driver's license is only 100$ USD in my country so might as well give them that as a bonus (without them asking for it) as extra extra proof and remove any doubt in their mind 🙂

 

[JohnLocke]

ultrarekt said:
Exactly. If I show them arabic passport + arabic driver's license + arabic utility bill, I guess I have more than enough to demonstrate I live there, correct?
Click to expand...

yes, that should work that way. It looks like a perfect way to sort out the reporting issue. However, there is no one that will kno the true answer I think. But common sense would say this is how it works.

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[Vince]

don't bank in Belize. Their biggest bank (Choice) just went bust and I lost 5k.

If that can happen to the biggest one, you bet it can happen to others, it's just a big risk.

also banking offshore is a pain in the a*s on most banks I've used. They require justification for every transfer. You can bullsh*t a bit, but they tend to be very strict. If this is a problem, you should look into the process and verifications for transfers out especially on the banks you are looking at.

 

[ultrarekt]

@Vince Yeah but i need a belize bank account + belize corp to be able to get a 2checkout account.

What I'm planning to do anyways is get a debit card from the bank in question, as well as open 2-3 accounts with EMI's. The Belize bank account will just be receiving ground but I'll be spreading the eggs in different baskets (as well as withdrawing cash via debit card).

Then I'll eventually travel to Belize to open a bank account with ScotiaBank (or with another Scotiabank in another reputable jurisdiction in the carribean such as Cayman or Bahamas) to actually hold money offshore and have peace of mind.