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SG Banking for A HK company is possible. Again a personal visit is required to complete the process. Toggle signature

Seychelles as a location is not really an issue for you. The most difficult aspect of your arrangement is likely to be the fact that Russian based individuals and US based individuals are party to the structure. Neither location is liked by banks globally. Add into this the crypto element and it...

Unfortunately dormancy of companies in Belize is not an option and companies must either be renewed or struck off. Renewing the company to see if you need it in future is probably the easiest thing to do, but maybe if you are struggling to find a use for the company in your current...

You are welcome to speak to us. Our tel is 01904 783101 or you can contact me by email to [email protected] or live chat with us via our web site at www.turnerlittle.com Toggle signature

Trusts don't have to be expensive to be honest and I think you will still get a reasonable saving from using a structure tailored to your circumstances. Toggle signature

That is what requires discussion. There may be individuals involved that reside overseas who would own sufficient percentage of the shares to remove the company from the CFC regime. Trusts are a definite option, but in my opinion too complicated to discuss in a forum. Toggle signature

The issue is not trading between the two companies, diverting profit etc, it is the fact that as control of the offshore company would be in the UK, the company falls under CFC rules. This does not apply in some circumstances where ownership is not all in the UK, but this would probably warrant...

The problem is that as a UK resident controlling the company in the offshore environment, the company will be considered a Controlled Foreign Company (CFC) by HMRC in the UK and they will require you to pay income tax on the profits of the offshore company in the UK. There are situations in...

Hi @HexusOdy In which country do you reside personally? Toggle signature

We incorporate in all US states. Further details on each jurisdiction can be found at USA Company Formations | Turner Little Please let me know if I can help with further details on a particular location. Toggle signature

We offer Accounting services to UK companies and LLP's. The cost will depend on your activity, level of involvement needed by the accountant etc. I think those quotes you mention above are for very small sole trader type operations. The pricing seems extremely low for anyone providing a real...

Also understanding your reasons for creating the structure would be helpful to giving you some ideas and what to do. Toggle signature

There are numerous ways to protect assets using offshore companies including a Wyoming LLC. As @fshore states as long as the country where the property is located permit this then it can be done. Toggle signature

Given the information above, the company would be considered a Controlled Foreign Company in the UK and tax would be payable on an income tax basis on the profits of the offshore company. Whether this is applicable will depend on a number of things such as whether other people are involved...

You could use both a Company with Registered Shares and utilise Nominees or an LLC with Nominee Members. You could also use an LLP (in some locations) and appoint partners that are offshore entities. Toggle signature

Yes, as @Joe Blasco says, steer clear of Bearer Shares nowadays as nobody accepts them as being legitimate, whether that is a bank or someone carrying out due diligence in order to establish a relationship with you. Toggle signature

Whether income will be generated by the IP has not been discussed and therefore how relevant the tax regime of the holding company is has not been established. More importantly the compatability of the IP tax regime with EU standards as mentioned in your post earlier, may or may not be relevant...

I'm not sure Cyprus is particularly credible for IP over any other location to be honest, but BVI or Belize impose certain requirements for substance essentially where IP is concerned meaning that these locations are no longer particularly appealing for IP holding entities. Toggle signature

It is possible to create a company in various locations which will not share your personal information on a public register. The only concern is that by creating a company with personal details attached to it, is that if rules change that historic information is likely to still be available as...

There are some locations that have blocked IP holding as an activity now so I would suggest using a professional who understands what is and is not possible in each location for this. It is essentially a very simple requirement though. Toggle signature