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I do not recommend BBCIncorp. I have only incorporated one company, so I do not have any recommendations. BBCIncorp took 2 months to incorporate where it should have taken 3 weeks. Other providers offer it to be done in like 2 weeks - it was a joke. The respond once a day, regardless of how...

@mgs999999999 you worded this really well, I would like to borrow your question for my own situation, hope you don't mind! Company 1: Panama Company 2: Hong Kong/Isle of Man/Some other 0% tax jurisdiction Personal tax residence: Thailand Company 1 makes most of the money, company 2 can make a...

Social marketplaces are pretty tough competition (e.g. Facebook). Had you guys figured out any USP?

Thanks everybody for your responses. After careful consideration I'm going to consult with a Panamanian CPA to understand whether or not my business activities would be considered 'foreign-source', and if not how I could get them to be considered as such. Regarding my personal tax residency...

I just went on a 30 minute rabbit hole reading about @Barney2201's experience, looks like a great option for UK residents who want to save a lot of tax & live close to home! Sounds like you are sans kids, dog, and even house. Definitely worth a look ;)

Panama is one of my candidates for 'new home', so I have some questions too. Is this 183 days every year, or just the first year to establish yourself as a tax resident? And then it's easier to maintain. Would 183+ days there allow me to get a tax residency certificate? It hasn't been made...

It's annoying I can't edit my posts, but on your point It's not due to licensing, rather the registering agent thinks it's impossible to do ”â™‚️

So a one-off cost of 40k AED to set it up seems reasonable. But the issue comes with... So at 30k AED/month for 6 months and 15k AED/month for an apartment costs are now looking more like 270k AED per year + 40k AED setup. And you summarised it well Thomas thank you, yeah I would not be able...

I was told when considering which jurisdiction to register my first company (Panama) that SVG would have VASP regulation likely by the end of the year, and they're stepping towards it, that was a big reason I chose Panama. I will work with a more reputable registering agent who will assist, to...

You are implying Costa Rica has regulations that would apply, but the advice I received contradicts that. Could you clarify a little further if Costa Rica is necessarily a *bad* choice? I agree and was strongly considering this option, however for set up of the Costa Rica LLC it will only be...

Thank you for your response, I'm not familiar with tax residency certificates. Are there commonly repercussions if I do not have them? Seems an investor visa is off the cards due to the costs. Can you share any insights on the difficulties of getting an employment visa?

Follow-up 2: Seems like Cyprus is not a particularly great place to live, so I'm less inclined to live there for 2 months a year. Previously though I had to be a tax resident somewhere - this was misinformed. I did not know I could permanently not be a tax resident anywhere, was told this was a...

Thanks for your response, I have also heard Lithuania is a good candidate for EU companies. I've had some consultation with various incorporating agents (legalbison seemed the most competent) and have come to the following structure: Costa Rica LLC No tax No licensing as crypto is not...

Hi everyone, I'm getting into the world of business and have already attempted and failed at offshore incorporation. I'm now readying to attempt again, with offshorecorptalk as my guiding light! Here's a breakdown of what I'm doing and my needs: Business Operations: Sale of NFTs (I'm aware...

Hey everyone, Here's my situation right now: I'm a UK national living in the UK. I'm building a web3-based company that will begin trading soon, which includes the sale of NFTs. If I remain in the UK, I will be subject to the wrath of both the FCA & HMRC. Without licensing from the FCA I will...

Thanks for being candid, it helps a lot. Thanks for your insights about BBCIncorp, I'll take their advice with a grain of salt. Oh. In terms of company tax residency I genuinely believed the setup I had established would classify my SRL as a tax resident in Panama. Your insights indicate a...

Thank you once again @Sols for shedding more light on Panamanian business structures & general international tax systems. Your insights are highly valued . Legal Advice: I've engaged with a Panamanian law firm for a tailored legal opinion on my company's situation to cover everything I need to...

Hey Sols, Thank you for providing your insights on my query. Your straightforward perspective on Panama's territorial tax system has challenged the information I've received so far, and I appreciate it! To ensure I make an informed decision for my SRL (as making the wrong decision may have...

Hello everyone! This is my first post on this forum, but hopefully over the coming years there will be many more. I'm a digital nomad and owner of a Panamanian Sociedad de Responsabilidad Limitada (SRL), my company operates in the crypto space & entirely online. My business aims to be...