Search results

But is it really so? Offshore countries, the ones without a public register, have traditionally inefficient legal systems. If someone sues you and they really get as far as to demand your personal information, nominees are not going to help much. I see nominees being the most useful in more...

Last time I asked it was about $1250 USD per year with some discounts for renewals.

AFAIK all services impose a lifetime limit of $2500 until you verify. To get around this you'd need to get new cards.

A company specializing in opening bank accounts in Hong Kong had said that many Hong Kong banks do not open bank account specifically for some countries, like BVI, but do for some, like Samoa. I was rejected because my company turnover was not high enough. I've seen this to be mentioned at...

Sorry @auric if I ask something stupid, but why can't you just open a bank account in Sweden?

Hi and welcome. Keep this in good care, you'll need it: http://www.actoffshore.com/files/IBC_Act_2016.pdf Disclaimer: I'm not a lawyer and I do not endorse any service. Affiliate marketing can range anything from dusty old books to violent pornography. You should be more specific, what kind...

If you ever make an application which gets downloaded millions of times I cannot imagine you crafting millions of invoices for every single sale... How about this: One invoice, which defines the app as one product, which you have sold x times? Like an app which is $10 each, app x 10000, which...

Not all offshore companies require you to have assets. I can think of several reasons to have offshore companies even if you don't move money in those companies. One would be to register websites with your offshore companies and then make deals with local companies, e.g. to process payments. If...

There's this interesting claim <<link removed not allowed>> where it's possible to get a Vanuatuan residency for a mere 3,200 USD if you have operated a Vanuatuan IBC for at least 5 years. However the link referenced in that article is broken, so I have no idea if this applies. Cook Islands is...

It does really seem like I should be speaking to a tax advisor. Apparently due to OECD regulations, there is a concept known as "corporate tax residence". This article explains what it means: http://www.oecd.org/ctp/treaties/2014-model-tax-convention-articles.pdf It's a massive topic, but it is...

Online blog with digital e-books, 100% white hat and quality content Required: - The bank must be open to IBCs - The bank must be set up to handle ongoing transactions on a regular basis, e.g. daily or at least weekly - The bank must have an online interface - The bank should be located in a...

Thanks Admin I'll investigate my options!

I don't yet dare to make a specific recommendation. I have two useful documents which list and compare possible options: Cards (load with BTC) 2016 Bitcoin Debit Card Reviews One service not on these lists and worth noting is Coinizy, they claim to give a virtual debit card in 10 seconds...

No, unfortunately even the details of the corporations can get reported if it's determined that you are the ultimate controller. On the second page on this document, you'll see: "Reportable accounts include accounts held by individuals and entities (which includes trusts and foundations), and...

I've understood that IBCs are legal entities, and any profits they have generated are supposed to be property of the company. Yet at least the USA and the UK require their residents to disclose any possible offshore assets, and those get taxed. What is the norm? Are IBCs expected to be taxed by...

Ah, I didn't know that you only have 2 minutes to edit a post here! I'd like to add to my previous post: Nominees provided by agents however has a chance they are residents of the offshore jurisdiction, this can have some advantages like additional legal protection or simplified governmental...

From what I've seen, "nominee" means that an agent provides a service where the agent knows someone who is willing to act as the company representative on paper. If you trust your friend and are ready to make legal paperwork where you assert that he only acts as the nominee one, you being the...

Extremely important to point out here that the magic word is "required". However, nothing forbids the bank from reporting the information even if you have as few as $1, and I've heard some EU countries plan to make automatication so efficient this actually happens.

Offshore companies aren't the only instances where bank reference letters are required. I could imagine that I could go and ask for a general bank reference letter so that I would increase my chances of renting an apartment, citing overly careful landlords who want to ensure their tenants have...

No, not yet. I need to find a bank. I've found merchant accounts who accept offshore companies, as well as a handful of IBC options, but no bank has yet directly expressed they want to accept me. Lots of banks have sent me requests to submit in company documentation (boilerplate responses), but...