Hi all, I am new to this group. I need to open an offshore business for privacy reasons. Not to avoid taxes. I need the cheapest possible option and also cheapest way to set up a bank account. The business income is currently only a few thousand euro a month, which is why I need the cheapest option. Thanks
Cheapest way to set up an offshore account
- Thread starter Mattaus
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Ok so you just want to have an offshore company with bank account and mention this to the spain tax authorities? Because you said you don't want to save taxes only privacy is required. You want privacy because of competitors?
If like aboth stated you have several options.
If like aboth stated you have several options.
Got it. Revolut won't work with offshore at all and TransferWise have pretty bad streamlined KYC for offshore companies.
But we got you covered. Cost will be approx. 1.900 EUR for Offshore Company with Bank Account.
If you wish to discuss in person just send me PM.
But we got you covered. Cost will be approx. 1.900 EUR for Offshore Company with Bank Account.
If you wish to discuss in person just send me PM.
okay let's get it clear, you signed up today, posted a thread without reading about anything here, just to learn about EMI's.
Good, so I would suggest you to have a look here
https://www.offshorecorptalk.com/th...ons-quick-reviews-for-better-decisions.31022/https://www.offshorecorptalk.com/th...rocessors-and-btc-to-fiat-institutions.25398/
Everything you need to learn about EMI's.
If you want a hands off EMI for your 2000 euros a months you may check a Fiverr gig for your needs.
Good, so I would suggest you to have a look here
https://www.offshorecorptalk.com/th...ons-quick-reviews-for-better-decisions.31022/https://www.offshorecorptalk.com/th...rocessors-and-btc-to-fiat-institutions.25398/
Everything you need to learn about EMI's.
If you want a hands off EMI for your 2000 euros a months you may check a Fiverr gig for your needs.
For the time being, a US LLC in one of the states that offer good privacy (Wyoming, Delaware, New Mexico) with an account with TransferWise is probably the easiest. Make sure you pay the little extra fee to get a nominee (normally provided by your registered agent) to sign off on the annual report and other documentation that might reveal your name on public record.
But make sure you don't end up with a massive tax bill in the future. Run the structure with a local tax adviser and make sure you do all due filing and local tax payments.
Excluding cost for local tax︀ advice, you're looking at a few hundred USD to get the company up and running︁ and 20 EUR for the TransferWise account.
But make sure you don't end up with a massive tax bill in the future. Run the structure with a local tax adviser and make sure you do all due filing and local tax payments.
Excluding cost for local tax︀ advice, you're looking at a few hundred USD to get the company up and running︁ and 20 EUR for the TransferWise account.
I do not understand why anyone needs a high level of privacy for few thousand Eur..
This just does not make any sense..
This just does not make any sense..
If you are ashamed of what you are doing, because it is immoral in the community where you live, either do not do such a business, or live somewhere else and with someone else.
If you think the offshore community is just waiting for you, you're wrong.
Offshore services are not a cheap affair.
If you are looking for something cheap, fast and reliable, an offshore solution is not suitable for you.
The bank is a business like any︀ other. Why should a bank risk its bank license worth a lot of money to︁ provide services to someone like you, for a ridiculously low fee?
If you think the offshore community is just waiting for you, you're wrong.
Offshore services are not a cheap affair.
If you are looking for something cheap, fast and reliable, an offshore solution is not suitable for you.
The bank is a business like any︀ other. Why should a bank risk its bank license worth a lot of money to︁ provide services to someone like you, for a ridiculously low fee?
I am not judging people's motivation. I just stated you︀ a reason why people might want to have a cheap solution for masking their connection︁ to their business in the eyes of the public (e.g., Google). Get a cheap offshore︂ company like a New Mexico LLC that doesn't publicly reveal your identity, use the company︃ details to register your domains, and voilà, you're done. Not legally bulletproof, but it will︄ work 99% of the time and it costs next to nothing.
OP also wants a︅ bank account, so his case seems to be different from this example, and obviously, this︆ will make it a lot harder.
OP also wants a︅ bank account, so his case seems to be different from this example, and obviously, this︆ will make it a lot harder.
That really depends on the business the company is needed for.
It's close to impossible to get a SWIFT connection nowadays for a Seychelles company. All the fintechs from Lithuania can only provide SEPA connection trough the Centrolink system of Bank of Lithuania because they let it currently flow tigether with all the crypto transactions. But once you have a︀ global business and need SWIFT you have most of the time no SWIFT connection at︁ all or only SWIFT in EUR trough an account in the name of the EMI.︂ Very very rar options are available but they charge such high fees that you can︃ go directly with an reputable offshore jurisdictions that still have the possibility to get real︄ physical local bank accounts like in UAE.
Local Seychelles banks doesn't open for a Seychelles︅ company without any presence in Seychelles.
Even the workaround with Mauritius banks is getting harder︆ and harder.
Don't get me wrong we work with Seychelles company formations as well but︇ it heavily depens on the type of business and is most of the time just︈ an addition to an already existing setup in the UAE that already provides a tax︉ free residence.
It's close to impossible to get a SWIFT connection nowadays for a Seychelles company. All the fintechs from Lithuania can only provide SEPA connection trough the Centrolink system of Bank of Lithuania because they let it currently flow tigether with all the crypto transactions. But once you have a︀ global business and need SWIFT you have most of the time no SWIFT connection at︁ all or only SWIFT in EUR trough an account in the name of the EMI.︂ Very very rar options are available but they charge such high fees that you can︃ go directly with an reputable offshore jurisdictions that still have the possibility to get real︄ physical local bank accounts like in UAE.
Local Seychelles banks doesn't open for a Seychelles︅ company without any presence in Seychelles.
Even the workaround with Mauritius banks is getting harder︆ and harder.
Don't get me wrong we work with Seychelles company formations as well but︇ it heavily depens on the type of business and is most of the time just︈ an addition to an already existing setup in the UAE that already provides a tax︉ free residence.
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