Antigua IBC for an Op Co

[crypto7figs]

Hey everyone,

My Op Co will have only one customer which is a foreign company.

What would you recommend?

- Banking is not crucial but would be an advantage.
- Free tax
- I would like to avoid public UBO / registries disclosure
- Accounting and Financial Reports are not desirable but manageable

Last edited: Jul 19, 2023

 

[Sols]

As IBCs have decreased in popularity due to regulatory changes across the globe, Antigua and Barbuda has decreased in popularity a lot.

If you want an IBC type of company, Antigua and Barbuda is probably fine. However, Belize and Seychelles are more popular options. There are a few others that have similar laws, although many have been amended to meet new international standards (UBO registration, economic substance): Anguilla, Bahamas, TCI. All nowadays require you to do basic accounting and even some basic filing, but it's usually easy.

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This is the probably the answer to your question.

 

[crypto7figs]

Hey, thank you Sols, you are the king.

What about HK or Singapore, since it has only one customer and easy accounting?
Is there an updated list of jurisdictions that does not disclose UBOs publicly?

 

[Sols]

crypto7figs said:
What about HK or Singapore, since it has only one customer and easy accounting?
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Both are excellent choices for running a business, but access to local traditional banking can be a total no-go if you don't have connections to the region. EMIs or challenger banks might work, though.

Keep an eye on tax developments in both, as they are making it increasingly difficult to get exemptions.

crypto7figs said:
Is there an updated list of jurisdictions that does not disclose UBOs publicly?
Click to expand...

Things change quickly. I find it better to research individual countries than try to maintain any kind of list.

EU recently had a court ruling in favour of UBO privacy which some (like Malta, Cyprus, Luxembourg) pounced on to remove UBOs from public records.

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This is the probably the answer to your question.