Advice on where to incorporate for a Amazon business

[justsomeguy]

Hi all,

I operate a Amazon business and are looking for a country to run my business from. I was initially going to incorporate in hong kong, however the complex reporting requirements and high auditing and accounting costs made me think otherwise. I am now thinking BVI might be my best option.

Are there any users here that run a Amazon business or similar and would be able to give me some direction.

 

[James Turner]

The main difference between HK and BVI is that because HK has a legitimate accounting/audit and tax structure it is considerably better respected by banks and I suspect by Amazon than BVI which has no such formalities. The same applies for any of the jurisdictions where no tax or accounting exists and which look attractive but can create issues for you to trade or open banking. My advice would no to be put off by the regulatory compliance aspect of some locations as this can in fact work in your favour despite costing a little more.

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[fshore]

Lookup bvi substance requirement.

A US llc might be the easiest and cheapest option.

 

[justsomeguy]

fshore said:
Lookup bvi substance requirement.

A US llc might be the easiest and cheapest option.
Click to expand...

I think i have decided on a seychelles company + a wyoming llc

This would allow me to operate under the llc with no tax obligations and while having the liability benefits of a llc and access to US banks.

 

[fshore]

justsomeguy said:
I think i have decided on a seychelles company + a wyoming llc

This would allow me to operate under the llc with no tax obligations and while having the liability benefits of a llc and access to US banks.
Click to expand...

Why do you need the Seychelles company?

 

[justsomeguy]

fshore said:
Why do you need the Seychelles company?
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Tax benefits, i would be able to limit the tax i pay in my home country by choosing how much the business pays me.

 

[justsomeguy]

fshore said:
Why do you need the Seychelles company?
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Actually now that i think about it...

You might have a point, as i am a non-us individual the LLC would be tax exempt with me as the owner also. So i guess the Seychelles company just unnecessarily complicates things.

 

[JohnLocke]

justsomeguy said:
Actually now that i think about it...

You might have a point, as i am a non-us individual the LLC would be tax exempt with me as the owner also. So i guess the Seychelles company just unnecessarily complicates things.
Click to expand...

That's correct, it does not work like this. The forum is actually full of post about similar topics. If you incorporate your business say in the Seychelles but don't live there nor doing business there and you can't proof the control and management to be in the Seychelles, then no tax office will accept it to be non taxable for your person. All income in the company will be your personal income and taxed as such.

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[bogdy23]

Most people who start an Amazon Based Company end up choosing Delaware. I know some people who do courses and they all have either in their home country or Delaware.