Good day
Looking for some advice on setting appropriate structure please - subscribed to Mentor to maximise advice I'd be getting 🙂
I am looking at setting up a holding company that will belong to 2 individuals (1 French, 1 South-African), both residing in South-Africa.
Ownership is 67%-33%.
The purpose of such holding company (company A) will be ownership of assets (buying properties), trading companies and, if possible, some internet shops trading.
Bank account need to be setup for company A, and although no salary will be paid out of there, but dividends may from time to time.
Online banking with forex is a must.
Trading company(ies) (X, Y, Z) may be created separately if trading directly under A is not possible - and they will therefore need their own bank accounts.
Privacy is not the main issue, but taxation is. Unless privacy may be an issue down the line for whatever reason, including taxation, we do not care about privacy per se.
We initially set our sight on Seychelles (its cheaper than other options and seems to tick all boxes), but the burden for opening a bank account delivering on our requirements seems heavy.
Mauritius may be another option, although we'd go from no tax to speak of to some level of taxation.
Any suggestions to get company A and its bank account going?
What about companies X, Y, Z?
Looking for some advice on setting appropriate structure please - subscribed to Mentor to maximise advice I'd be getting 🙂
I am looking at setting up a holding company that will belong to 2 individuals (1 French, 1 South-African), both residing in South-Africa.
Ownership is 67%-33%.
The purpose of such holding company (company A) will be ownership of assets (buying properties), trading companies and, if possible, some internet shops trading.
Bank account need to be setup for company A, and although no salary will be paid out of there, but dividends may from time to time.
Online banking with forex is a must.
Trading company(ies) (X, Y, Z) may be created separately if trading directly under A is not possible - and they will therefore need their own bank accounts.
Privacy is not the main issue, but taxation is. Unless privacy may be an issue down the line for whatever reason, including taxation, we do not care about privacy per se.
We initially set our sight on Seychelles (its cheaper than other options and seems to tick all boxes), but the burden for opening a bank account delivering on our requirements seems heavy.
Mauritius may be another option, although we'd go from no tax to speak of to some level of taxation.
Any suggestions to get company A and its bank account going?
What about companies X, Y, Z?
