Search results

Hello, I am very interested in your opinion if you feel it is beneficial for me to have a nominee shareholder and/or nominee director for my proposed offshore structure. Here is what I propose: I will create a Seychelles "holding" company. (Are nominee shareholder and/or director necessary...

Is it required to file a yearly tax return? I know this is a requirement for a Hong Kong company, but is it also necessary for a Singapore company? Must I hire someone to do my company's taxes and file them every year?

I had not heard this. Where can I find information about this? Most importantly, will existing company's be exempt from this requirement?

You could look into the auto-entrepreneur program: paris. angloinfo. com /information/working/self-employment/

What you are asking about is tax evasion. What you want to do is tax avoidance. There's a big difference. Mostly the amount of time in jail you will spend when you get caught. :) As Zqq said, this is not possible. There simply is no bank in the world that will open a truly anonymous account...

The answer depends entirely on what is your country of citizenship. For example, if you are a US citizen you are obligated to pay taxes on your worldwide income, even if you do not reside in the USA. You could live on the moon, but if you have a US passport, then you must declare every penny...

Thanks again. The most important aspect for me (besides privacy) is that I need to have a good merchant account. If I can't charge my customers, then there is little point to be in business. With that in mind, do you still recommend Hong Kong as the best place to operate? ie: Is it...

OK, thanks again. So if I am understanding all this correctly... the only real reason I would really need a Hong Kong company (which would be owned by the Seychelles holding company) is to make it easier to get a merchant account (or paypal, 2checkout, etc..). Is that correct?

Hello, I have a web hosting business that I want to move offshore so that all profit can accrue tax-free. I am sooo confused. The more I try to nail down the best offshore structure for my needs... the more confused I get. It's like playing a game with no rules. Every person I speak with...

Thanks Zqq. Your comments have helped to clarify how this works. I hope you can help me with two more questions? :) 1. Should I use a nominee shareholder and director for the Seychelles "holding" company? So when someone looks up the director or shareholder of the Hong Kong company, they will...

Hello, I am trying to understand how this all works. Ultimately, my goal is to create an offshore structure so that my ecommerce web hosting business is able to keep all revenue offshore with zero or low tax, and where there is no direct (or easy to find) link to me. (I live in the EU, and I...

If you decide to go this route, can you share what Offshore Service Provider you use? I'm looking to setup something very similar but I'm having a very difficult time trying to find a reputable OSP. (Every time I find one that looks decent, I send them a few specific questions to check them out...

Hello, I am planning to create a Seychelles company, which will own a Hong Kong company. Should I use a different OSP for each offshore company? It would be easier to use the same provider to create them both, but I am worried this is a risk. For example, what if someone at the OSP sells...

Hello, I am pretty much ready to move forward with creating my desired offshore company structure. Now I'm trying to find a good Offshore Service Provider (OSP), but there are literally a hundred of them or more. They all make the exact same claims of being trustworthy, office full of...

From what I understand about a Panama Foundation... the beneficial owner (protector) is not required to be listed publicly. So wouldn't it essentially offer the same protection as a Seychelles company? I'm confused.

Hello, My plan is to create a company (or foundation) in an offshore jurisdication, which will then own a company in Hong Kong where the business will be operated. So the purpose of the first company (which will own the HK company) is simply to provide increased identity protection. The...

Well, aren't you Mr. Very Helpful today? For a small business or proprietorship, like the VAST majority of people on these forums... hiring a lawyer and tax consultant is not going to give you any different answer. The fact is that if the tax authorities can tie you directly to ANY form of...

Because we are not hurting anyone, we're not selling anyone anything, and we are both "consumers" in the exact same situation who can help each other. :)

It is not as easy as you think. For example... What would you consider as a legitimate setup? This is a serious question. Please post what is a legit setup, so that we can compare.

Who is the ultimate beneficiary of the trust?