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The problem is that all payments are made through credit cards (paypal, stripe etc) and deposited to bank accounts. The bank accounts are in foreign countries. But since the CRS laws, all info is exposed.

The clients are 95% individuals and 5% companies. I am trying to educate myself even if my size is still small. Thank you guys.

Of course. They will be nominee directors, not real business managers. The tax authorities will have to accept the nominee as the real manager. Otherwise what is the point of having them? https://www.offshorebvi.com/offshor...e.registration/nominee-director-functions.php"....the main purpose of...

Could you elaborate please? If name of nominees are the front, why would I have problem with CFC? Moving to Cyprus is not a viable option right now.

Hi I have a small online business, lessons/consulation over ZOOM/SKYPE. The profit is about 30.000 euros per year. The gross income is 35-40K, so the extra is expences (independent contractors we work with). I thought of a Cyprus LTD (I have a friend that has one), it will cost more than 4K...