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Why maintain it for your brokerage account? My concern would be you end up with no other account for the IBC and then can't withdraw from the brokerage account because they'll only allow you to withdraw to an account held by the same entity. Investments only shouldn't carry any operational risk...

Belize is and is getting to be more and more of a tough to use solution for the practical real world. We mostly ditched Belize, Anguilla, Marshall Islands, Samoa, Vanuatu, Seychelles, BVI, etc. a couple years ago to move towards more sustainable solutions because the work to maintain those long...

I second this view. Cyprus without local substance is becoming less and less reliable but that's the case in most places some of the banks in Georgia have similar policy, in Czech we've seen the same, in Andorra is super challenging unless it's private banking, and so on and so forth. If you...

This is an old post so not sure if you're still looking but you've got a few sides of this to consider and I'd recommend going at it surgically. First, you should start by thinking about your company long term, this means team, it means payment processing, it means where are the customers and...

Yes this possible but it depends what you're trying to achieve?

If you've only got a $1000 budget you probably shouldn't be using an offshore set up and should just get back to making money.

Disregard a lot of the comments here clearly they don't know or understand Canadian tax rules. Let's start at the beginning for you since you're Canadian you need to start by understanding Canadian tax rules. 1. You don't need to pay taxes on certain income repatriated to a Canadian holding...

Guernsey is expensive period. There's some fine CSPs there but yes it will cost you a fair bit more than almost anywhere else in Europe unfortunately. You should be able to drive a few of these costs out if you are living there though as you can use your own substance rather than relying on...

This doesn't avoid management and control rules. The truth is management and control rules aren't checked that often in most jurisdictions. Source income rules even less though both are a risk if you're doing things in that way. The question is why not invest a little in doing it legally...

You could use a trust for this purpose.

You should be able to go direct with Marshall Islands or at least you used to be able to I haven't formed companies there in a couple years. Last edited by a moderator: Apr 17, 2019

You need to have someone's documents, either yours or those of a signer who is willing to take it on under their name.

Generally, Seychelles, Belize, etc. are no longer great options because they pose lots of banking problems. Even if you can get an account today you run the risk of it getting flagged in the future so why would you want to deal with that? Nominees are similarly causing more and more issues with...

UK is one of the easiest and cheapest places to form a company it's just you're saddled with a bunch of tax, which why would you want that if you're resident in Malta? Usually, you'd look at options like: - US LLC - Georgia - Bulgaria - Gibraltar - Cyprus non-resident company - HK - UAE - etc...

Ok so some technicalities here. They actually can investigate and in that investigation discover you're running the company from those countries (in practice it's highly unlikely that will happen in Indonesia because they are so disorganized and chaotic, much more likely it could happen in...

Banking in Romania isn't bad and not amazing, it's comparable to other eastern European countries meaning if you stick to large international banks you're not doing too bad (I like a lot of them much less than say the major Asian banks in terms of safety but they aren't super risky like the...