HK vs. Cyprus vs. BVI vs. Seychelles

[Alex4Days]

Hey there

Lets say you have a e-commerce/software licensing/online membership/etc. Where would you register your company and why?

 

[Internationaloff]

Hello.
In none of those jurisdictions.

 

[Alex4Days]

What jurisdiction in that‌ case? and why?

Thanks

 

[Internationaloff]

Hello,
e-commerce and software licensing: it depends on where customers are based.
Online membership: St. Kitts and‌ Nevis or SVG or Belize or US company with double name system (with European customers).‍

PS: This is my opinion.thu&¤#

 

[JohnLocke]

What is it exactly you are looking‍ to achieve?

 

[Alex4Days]

Thanks for the‍ quick answer! The customers are going to be from EU and i really dont want⁠ to pay any VAT.

Thank you too for the quick answer!
My goal is pretty simple:⁣ zero taxes

 

[Internationaloff]

Hello.
A company in⁠ St. Kitts and Nevis or SVG or a company with a double system name can⁤ be a good solution.

 

[sialala]

I think every offshore will be ok. But if You really don't need an exclusive‌ jurisdiction go with Belize or Sechylles - the cheapest option. HK or UAE is really‍ expensive but more acceptable for paypal or other payment providers.

 

[JohnLocke]

Zero Taxes is the goals of many here! It's possible to achieve, however, you forget‌ about personal worldwide income tax which is applicable regardless where you setup your company. Even‍ with a company in Somalia you will not be able to avoid personal income tax⁠ legally. Sooner or later they will catch you. Ofcourse all this depends on how you⁤ setup things, however, if you open a real bank account for this company they will⁣ catch you sooner or later.

 

[Alex4Days]

The income tax is close⁢ to 40-45% in the country i am resided in right now. I am willing to︀ move some where else to skip this bulls**t.

I don't want to hide anything or︁ get "catched" just have a legal company registered in a country with zero tax and︂ reside in a country with zero personal income tax. From what i read Cyprus has︃ 0% income tax. Maybe move there?

 

[John2784]

Why dont you just register a business in Belize? Why use personal⁤ bank acc or worry about personal income tax?

 

[John2784]

maybe im not clued up but what does personal income tax have to do with‌ a registered business if you are using the business bank account for personal use too?‍

 

[diablo]

you want to relocate to Switzerland.. I'm in the process right now⁠ to do so because where I live they pay 60% income tax 🙁 f**k it.

Cyprus non resident Company would work for you in this case. You don't need to register⁤ for VAT (I know they say so, but f**k it) and you don't have to⁣ pay tax there!

 

[Alex4Days]

damn... 60% is seriously robbery

I dont need to pay⁣ corp tax when registered as non-resident owner?

 

[diablo]

yes, the Company can be registered as abroad and pay 0% tax 🙂