Discover the Advantages of Belize Incorporation

[negon]

If you can find a place anywhere else you can go for Cyprus. BTW it is $5000 the Belize banks require in min. deposit!!

And what you posted about Cyprus is history. You need to read what actually happend and that at this time bad s**t happened all over Europe. Do you like what you see with Deutsche Bank atm?

 

[Donnel]

what happen at deutsche bank?

 

[Donnel]

what is minimum balance for cyprus bank?

 

[JohnLocke]

You may want to read most of it here Deutsche Bank | Business | The Guardian it has been in the NEWS in Europe all over during the last months.. You can even Google for more information.

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[Donnel]

cyprus bank is not compatible with transferwise

singapore bank isn't that good either. Hmmmm....

It seems that the only way to fund transferwise cheaply is through regular transfer.

 

[JohnLocke]

Donnel said:
transferwise
Click to expand...

please elaborate? what is it?

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[Donnel]

transferwise allow easy money transfer. may be not that essential. It's pretty cool. I can withdraw money from my USBank via ach and the money will be deposited to my indonesian account probably from transferwise in rupiah.

 

[Donnel]

I think i overestimate it's usefulness but you should see transferwise.com your self

Anyway all I need is very cheap shell corporation. The corporation doesn't have to do anything. The main purpose is so I can open a bank account under a name that is not me.

In fact, if I can do so without corporation and can do it as "dba" it'll be even better but I want to stay leggit.

So it's $600 per year in belize right? Anything cheaper? anonymous would be even better.

Which cyprus bank would you recommend?

 

[JohnSeed]

Donnel said:
I think i overestimate it's usefulness but you should see transferwise.com your self
Click to expand...

Will have to check this. Do they work with Belize corps?

 

[lostguy]

Donnel said:
A corporate bank account in Belize will need to have at least $50k balance. I need somewhere with less balance.
Click to expand...

It's only 5000 USD in Belize. 200$ in Mauritius and 0$ in Cyprus checked it all since my last visit here!

 

[warlock666]

Can a Belize IBC own a USA LLC or Corporation ?

 

[ImKing]

warlock666 said:
Can a Belize IBC own a USA LLC or Corporation ?
Click to expand...

Sure it can, but Wonder what the auth. say in the US if you do so. It may be the same when someone in Europe want to let a Cyprus, BVI or Malta corp. own a German GmbH or a Spanish S.A.R.L. the tax office will ask tons of questions during the process.

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[warlock666]

I just want to use paypal with the ability to take payments in dollars and parking it offshore because paypal for my home country sucks.
I am doing a legit business and ready to provide all legal documents. Can anyone help me ?

Otherwise I am going ahead with incorporating a Belize IBC

 

[negon]

warlock666 said:
I just want to use paypal with the ability to take payments in dollars and parking it offshore because paypal for my home country sucks.
I am doing a legit business and ready to provide all legal documents. Can anyone help me ?

Otherwise I am going ahead with incorporating a Belize IBC
Click to expand...

You should retain a local accountant who is familiar with international tax issues. That said a foreign company i.e. Belize company can own a USA LLC like nyone can set it up but I would recommend to retain a local lawyer to help you with the setup once the Belize IBC is registered.

 

[warlock666]

auric said:
You should retain a local accountant who is familiar with international tax issues. That said a foreign company i.e. Belize company can own a USA LLC like nyone can set it up but I would recommend to retain a local lawyer to help you with the setup once the Belize IBC is registered.
Click to expand...

Or I could subscribe to the mentor group in search of alternate methods.
I run a ecommerce store. I want to accept payments from most countries.
Do you think its worth joining ? I will need one like to this post as well, so if anyone's in the giving mood I will appreciate it. It enables me to contact our Admin who seems to be super helpful in such matters.

 

[negon]

warlock666 said:
I run a ecommerce store. I want to accept payments from most countries.
Click to expand...

You live in the USA right? so it may be best for you to have a LLC in the USA for all your business. Unfortunately there is not much information about US corps on this forum ( I searched and found a few good threads, but nothing compared to some of the domestic forums). What is it you try to achieve with the Belize corp if you don't mind?

 

[warlock666]

I am not a usa citizen although I am in US for my masters.
I am an Indian and PayPal for India sucks big time.
I cannot open a USA llc on student visa .
Also opening a USA corp/llc subjects me to their complex tax code when I virtually don't run any business inside their territory and just want to use their corporate structure for finances. I visited 2 lawyers and 4 cpa's and finally concluded to open a Belize/Cyprus IBC as holding company for a Wyoming corporation / LLC .

It helps me setup my payment processors using USA bank accounts and any profit I make can be sent back to my offshore entities to avoid Tax.
Offshore IBC's will hold my IP's ( domain names, hosting accounts, websites, logos and other related IP's) and I will lease them to USA entity.

USA entity will have to pay royalties for using these Intelectual Properties owned by my offshore IBC.

Using this method I can route my money to offshore entities without paying any tax to the US gov, since my US entity will not show any profit at all.

 

[adoffshore]

warlock666 said:
Or I could subscribe to the mentor group in search of alternate methods.
Click to expand...

I consider the mentor group because there seems to be some valuable information in there. @auric could you let us know if there is information about there about to get a anonymous setup of offshore corps? you could also let @warlock666 know if there is anything of interest in there for him to get his question answered????

 

[warlock666]

Anonymity is not of importance to me. Since I am running a legit business. And a LLC /corp provides me with enough corporate veil to avoid liabilities incase anyone sues the company.

 

[ImKing]

warlock666 said:
It helps me setup my payment processors using USA bank accounts and any profit I make can be sent back to my offshore entities to avoid Tax.
Click to expand...

Do you have an EIN or SSN as far as I know it is required for anything to be setup in the USA unless you are using stripe.com/atlas? What did the professionals told you when you contacted them, are they unable to help you with this?

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