I want to start a new business, wonder if it should be on- or offshore company?

[alain]

Hi,


I want to start a new Internet business in a brand new area of a niche. I have never tried this before and it seems to be a little risky. It's mainly affiliate business and Adwords! So I don't really need a payment processor.


What would you suggest, to register a cheap UK company or a offshore company? and if the latter where?


I badly need some advise, thanks.

 

[JohnLocke]

It depends on how much privacy you are looking for! For instant a UK company‌ can appoint a shareholder and director which is a offshore company, so you will keep‍ your privacy some how. I'm not sure if the ultimate beneficial owner is on any⁠ public register in the UK if you do that.

Otherwise go with a offshore company⁤ from the very beginning so you will avoid any lack of anonymity and privacy if⁣ it is what you seek.

 

[alain]

I don't want every Joe to lookup my personal details so anonymity is a requirement‌ for this business activity. However, I don't care about the tax office and all this‍ stuff, just Internet privacy. Finally if all goes as expected then I want to pay⁠ less tax.

 

[JohnLocke]

You may put all your activities into either a BVI or Cyprus company with nominee‌ services, that would protect your privacy and offer you the lowest tax to no tax‍ in Europe. The best is, everything looks pretty good towards business partners since Cyprus neither⁠ the BVI are considered real offshore jurisdictions.

 

[Spinat]

Agree either BVI or Cyprus may be what you want to look into.

 

[alain]

[No content provided]

 

[alain]

What do you agree to except the jurisdiction in regards to privacy? Nominee or‍ not? and who shall gonna be nominee company or human?

 

[plotoffshore]

If you read a little on this forum and also here /forum/articles you have notices⁠ that a nominee can be a corporation so a Seychelles, Belize, BVI or Panama company!⁤

 

[plotoffshore]

Again, reading the‍ forum more than 99% of all members here advise to appoint nominees for additional privacy⁠ and anonymity!

 

[Kaseyallan]

Thats because, 99% of all members would like to think they were experts.

 

[alain]

Your right, to appoint nominees was the‍ best we have done since incorporating our last company. It's offering a great level of⁠ protection of our alls privacy.

 

[riskprocessor]

Well, that totally depends upon what level of privacy you are looking for. If you‌ don’t want just anybody to be able to access your personal information, consider starting a‍ Cyprus company. This will also help you save on taxes.

 

[JohnLocke]

Nominees will still be required to stay anonymous with a Cyprus company!

 

[biskoffshore]

What about a BVI or Belize company, still need nominee to stay anonymous? I think‌ no for BVI right?

 

[JohnLocke]

A BVI company would work as well for this purpose.

 

[lavel]

I agree.. if your doing business with the company there is no need to appoint‌ nominees unless your making use of the double tax treaty your country may have with‍ that jurisdiction.

 

[alain]

All sorted out, setup a Seychelles Holding owning 100% of the share of my Cyprus‌ company appointed the Seychelles corp to be nominee director and shareholder, total privacy accomplished 😉