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I'm reading that a lot of people who have businesses online setup their corps in HK and pay 0% corporate tax on the foreign income and pay themselves a small salary in their home countries and only pay taxes on their little salary of $30k/year. About the companies being managed from Canada - my...

I read somewhere that Belize has no registry - wouldn't that be considered a better alternative? Also what are your fees like with your HK setup?

Hey guys, so as you are all aware of, traditional banks in the US and Canada only guarantee to return you a certain amount in times of financial crisis or bank failure. I believe that the number is 250K in the US and 100K in Canada and the rest of your money is gone. What's the case like with...

I'm in the exact same situation as OP (Canadian, online business) however I don't really care if it's HK or Belize, etc. I'm just wondering what the best and safest solution to depositing money. Doesn't that kind of defeat the whole purpose of offshore banking though? If your funds go from USA...