I need to open a foreign company in the next few days, where should I chose and why?

[hernanday]

Here are my requirements
-Ideally will allow me to open a bank account that I can send and receive money to (ie. no heavily blacklisted jurisidiction)
-It will basically be a holding company for me to send money to
-I need to be able to do it in the next 7 days or so
-I don't want to have to travel to that jurisdiction (for now)
-I need to do this remotely because of corona, I don't want to sit on a plane for 8 hours to Armenia

-I don't need a merchant account, but I do eventually need to open an account with the company (could be months away though)

 

[hernanday]

I forgot to add I wouldlike to use the company to rent some space, so‌ any considerations involving like how nominee directors could affect commercial leases would be important.

 

[Dasboot]

I'm in more or less the same situation, ideally I should have something going in‌ 2020... If its of any help we could "compare notes" in threads, or PM 🙂

 

[Seychelles Service]

Seychelles would be a ideal solution, specially with the combination of transferwise
no travel needed‌ and IBC are created in one day
also substance with rent a office, or using‍ registered office, nominee director service and and and are possible

 

[CaptK]

You could set up a UK holding company 1 day registration.
Depending on your nationality‌ you could open a EMI account easily.

 

[hernanday]

Is this a service you provide?

So I am assuming there'd be a nominee⁤ director and nominee shareholder? I'll need to rent an office in Canada, will I run⁣ into some issue or how will it be handled? As the landlord is likely to⁢ want someone to submit the driver's license and sign off on the lease. I don't︀ want overly litigious people to know i own it because people sue over complete bulls**t.︁

 

[John Andrews]

You could open a Nevis LLC with a branch in Canada (EPC). It would be‌ tax resident in Canada but will protect you from lawsuits and you should be able‍ to open a bank account as well.

 

[hernanday]

What is⁠ a EPC?
How will I get over the hump with the commercial landlord wanting a⁤ copy of driver's license?

 

[lonizzita]

Nevis if⁠ you don't work with the territory you pay 33% or is it a tax haven?⁤

I have read several articles that the law has changed

 

[AMD]

this is⁠ very interesting! Can you please give some details on how to go about it?

Nevis LLC is clear to me, no need to explain.

Where do I go and get⁤ the Canada EPC registered by the Nevis LLC (Holding company)

Once done, where can I⁣ open a bank account for the Canada company?

 

[CaptK]

UAE company 1 day,︁ Bankera or TW. Job done!!

 

[hernanday]

What kind of uae company, my preference are foundations to get around CFC rules.

 

[CaptK]

Ok, then a Seychelles or BVI foundation with an IBC layer.‍

 

[hernanday]

So how does that work, the foundation owns shares in the IBC, or is‍ the IBC the beneficiary of the foundation?

 

[CaptK]

IBC is beneficiary of the foundation

 

[myshufflemix]

Why would you need a company in 1 day? Why don't you clarify if it‌ is a company or foundation you need from the beginning?

For me it looks like‍ @hernanday and @CaptK is one and the same person with the reason to promote own⁠ services.

 

[hernanday]

Why would I need a company in 1 day?⁤ I wrote a really nasty rude mean answer to that question and I deleted it⁣ because I don't want to get banned, use your common sense mate. I want to⁢ move forward quickly.

I already clarified foundation, read the post.

Give your eyes a rub,︀ we are not the same person. Now if you have a helpful answer I'm all︁ ears, but if not, kindly stay out.

 

[user9823671]

What is the purpose of the Foundation in this setup rather than just an‍ IBC layer (With/without nominees)?
What benefits does it bring?
Any negatives to using a foundation?⁠ (complications / costs / problems further down the line? re banking / merchant account etc⁤

 

[CaptK]

Foundation is for protection and IBC layer is for day to⁤ day business. You can't keep taking funds out of the foundation.