Best country/jurisdiction with no director/owners public records

[microboi]

Hello all, it's my first time here


I wanted to open a perfectly legit IT company that would sell and rent software to international customers. I would prefer my name not to be public.

I was looking for a place to open my company where the director and owners are hidden to public view and I can open a business bank account to be linked to paypal. I would pay taxes in my own country.

I looked at Hong Kong, Singapore, Dubai but I don't want to travel, plus I don't have 100K for the minimal deposit to open the bank account.

Delaware.. I don't know if there are public records, I suspect there are
Wyoming.. could be an option
Seychelles.. could be an option but the law changed in 2018 so I'm not sure
Belize.. could be an option but I want to stay anonymous for the public only, I don't need complete anonymity

Could someone please help me?

Thank you

 

[James Turner]

It is reasonably simple to create a company where your personal details are not available‌ publicly. Your issue will come when you utilise a location that protects your details and‍ you also want to link to Paypal as most locations that protect your details will⁠ not be acceptable to Paypal. I would suggest considering the use of Nominees which will⁤ open up other locations to you, but in essence Belize, Delaware, Wyoming could be options⁣ that would work for you, but check with Paypal first.

 

[microboi]

Thank you James but discovering which countries/banks are supported by Paypal is a challenge since‌ Paypal is to say the least, foggy regarding this topic. I have tried to link‍ two personal Paypal accounts to two different banks and the status "checking" never changed in⁠ three months. I asked Paypal and they replied to me to check with my banks.⁤ I asked to my banks and none of the two knew what Paypal is.

 

[JohnLocke]

You may look into Cyprus with full nominee services and real office. You can get‌ a PayPal account, Bank Account and what else you will need to get your business‍ started.

 

[microboi]

Thank you for the hint Admin!

 

[James Turner]

Is it essential that you use Paypal or would another provider⁢ work for you?

 

[microboi]

Paypal can greatly increase my audience since everybody uses it‍ and it's hard to convince customers to use something new.

 

[Spinat]

If you are doing regular business online you can't come around to use PayPal -‌ everyone is using them so huge sales los will occur if you ignore PayPal.

 

[fshore]

You can consider Labuan in Malaysia, no public records and supports PayPal.

 

[romashkavarashka]

But it's relatively expensive to open a company there and to sustain it.‌ No?

 

[fshore]

Not super cheap, but you don't need to big deposit to‍ open bank account with local bank, usd500 initial deposit.

 

[GrumpyMess]

As far as I know Labuan companies have some limitations now, you have‌ to spend 25k on local labuan services otherwise ordinary Malaysian tax rate applies

 

[fshore]

Only for some industries.

 

[Spinat]

What does it mean easily? assuming personal visit is required in the bank right?‍

 

[microboi]

Thank you all very much for the replies!
Just a little outburst.. public records are‌ a historical mistake that will kill economy. Director's and owner's data should be disclosed only‍ to law enforcement and courts.
Public records are a strategy of a “war between⁠ the poor” where "transparency" is just an excuse.

 

[Spinat]

You need to face the real world that is ever changing.

 

[andres33]

hi Mario Have you some serious address to recommend in Hungary to set ut a⁢ company, trust, holding?

 

[andres33]

a million thanks for your reply, help and advice. I will contact this people

 

[kekmaw]

Great insight but I have a question:

Generally, what does⁤ it cost to operate a Hungarian kft over a year with minimal accounting? Not asking⁣ about a trust here, just as a standalone business in Hungary.

 

[AlexAlex]

The status "checking" usually means that⁤ your bank account got successfully linked. It just refers to that your bank account is⁣ a checking bank account. You should check if you can withdraw money.