Recent content by tarous

I'm not really concerned with anonymity at the moment, since for tax purposes I'm not even liable anywhere. Besides that - sooner or later only complex solutions will guarantee any degree of anonymity. International pressure is mounting. What I'm mostly concerned with is ease of use and...

What about banking in Seychelles? Barclays? Would that be sound solution? I haven't considered that, but maybe keeping everything in one place would have its benefits? Structure I need is fairly simple, I guess. EDIT: Ah, but they have enormous deposit requirements. OK, off the list. Last...

Thanks! That's interesting, I missed this list. So, is there a setup you would particularly recommend for ease of banking for an online business (I might need payment processing - is there any upside in choosing a specific bank, or any bank will be fine?). What sort of packages would you...

Hello everyone, I want to open an offshore IBC and I've already decided to settle for Seychelles. I'm a freelancer + I want to start an online business, selling digital products and memberships on one of my sites. My personal situation, tax-wise, is that I'm a perpetual traveler. In other...

The problem with FATCA for banks is the privacy protection laws of their respective countries. In accordance with FATCA banks have to release information on all accounts held by US citizens or face a withholding tax of 30% on all of their investments in the USA. But by releasing information...

OK, bank statement should be good then, thanks.

I have a question about the utility bill requirement - is it really necessary? What could it be replaced with? The thing is - I don't have any utility bills in my name as I rent my apartment and everything goes in the name of the owner. What are the documents I could use in place of these?

Oh, changes? What kind of changes? What's brewing in Seychelles? And how long does the process take now? How many days/weeks? Last edited by a moderator: Dec 5, 2012

Hello again - just a question, what's the current price of the company + a nominee director without the bank account? And do the nominee director services cover all documents/contracts signing during regular operations of the company?

OK, I actually bought the Kindle version since they have 7 day return policy. My advice: AVOID - DON'T BUY. The information in this book has not been properly updated. I was reviewing the chapter about Singapore and the information there is out-dated by 12 years. They mention 26% corporate tax...

No no, it's regularly updated - the latest edition is October 2012, you can find it on Amazon :) That's why it sounds valuable - as it's been updated ever since they started publishing it. Look for a Kindle version, will be easier to find. And it's also available on pli.edu.

I stumbled upon "Langer on Practical International Tax Planning". It can be found on amazon for a whopping $416 USD (for Kindle) but it is a fresh Oct. 2012 edition and it promises a review of over 50 tax havens, laws, regulations and so on. Unfortunately the book preview ends at the Table of...

But the fact of the matter is, you don't have to be in need of staff. Singaporean company can be directed completely from overseas without you ever coming to the Lion City. For IT though, there are certain perks which make SG quite attractive - it's more about weighing all the pro's and con's in...

Yes Singapore requires a local director, but that's what I included above - it's covered by the nominee services and there can be other, non-resident directors appointed for the purpose of running the business from abroad. Rough cost of a nominee director service in SG is around 1500-2000USD per...

Why would Singapore not be worth it? AFAIK not much is changing in the Lion City. In fact, it's a pretty good place to establish a business since it's a hub opening you to Southeast Asia. And if you would consider to turn your company into a resident one, there's a lot of capital for IT flowing...