Hi,
Me and my colleague James are looking for some information about the offshore companies. I'm helping James run a small online business. I'm based in London and he's based in Dubai. His employer wouldn't look kindly on him running a business so he'd like to remain as anonymous as possible. If possible I would like to remain anonymous, but that's not as important as protecting James's identity. However we'd like to use his zero rated income tax status to our advantage. Any income I make would be taxed at 40% so we would like to minimize this. The company accounts are so simple we don't need to involve accountants. Currently we use PayPal to receive payments (average value £300). We're making about £10,000 per month. Our only outgoings are a single advertising contract of about £500 / month, which is paid by PayPal. I understand it may be difficult to receive PayPal payments to an offshore bank account so we're happy to change to a credit card merchant account if that's the only way forward. Our product is an online course for professionals, so extremely low fraud risk.
This is what we'd like to accomplish:
* IBC company with nominee directors
* No public record of our identities
* I'm the only signatory to the bank account
* Internet banking so we can make electronic transfers to James in Dubai
* PayPal able to deposit funds into the bank account OR credit card merchant account
Can anyone advise on the best way forward, and any reputable companies we can use to assist us set it up?
Me and my colleague James are looking for some information about the offshore companies. I'm helping James run a small online business. I'm based in London and he's based in Dubai. His employer wouldn't look kindly on him running a business so he'd like to remain as anonymous as possible. If possible I would like to remain anonymous, but that's not as important as protecting James's identity. However we'd like to use his zero rated income tax status to our advantage. Any income I make would be taxed at 40% so we would like to minimize this. The company accounts are so simple we don't need to involve accountants. Currently we use PayPal to receive payments (average value £300). We're making about £10,000 per month. Our only outgoings are a single advertising contract of about £500 / month, which is paid by PayPal. I understand it may be difficult to receive PayPal payments to an offshore bank account so we're happy to change to a credit card merchant account if that's the only way forward. Our product is an online course for professionals, so extremely low fraud risk.
This is what we'd like to accomplish:
* IBC company with nominee directors
* No public record of our identities
* I'm the only signatory to the bank account
* Internet banking so we can make electronic transfers to James in Dubai
* PayPal able to deposit funds into the bank account OR credit card merchant account
Can anyone advise on the best way forward, and any reputable companies we can use to assist us set it up?
