IBKR, Swissquote, Dukascopy for EU resident offshore company

[Jerry1911]

Hi all,

I would like to set up a limited company for long term investing in stocks and ETFs, so I'm wondering if anyone here has any experience opening a corporate account at the above mentioned brokerages.

There are a couple of jurisdictions I have in mind, but in any case the company will be a tax resident of Cyprus as I (the sole director and UBO) will be tax resident there as well.

 

[nasdaqtradfiguy]

Would you elaborate/share on the jurisdictions you have in mind?

Also, what kind of money‌ are we talking about-if you don't mind me asking? (Last time I inquired with them‍ for single member LLCs they were open for business--just a few months ago

 

[Cabin14]

I have a US LLC for investing in ETFs in the⁢ US. I set up a Wyoming LLC and then an IBKR account - no problems︀ at all.

 

[uplana]

Sounds like something workable.

If you need something with reputation I would⁠ go with a Swiss company (personally I own a few of them) if reputation doesn't⁤ matter Cyprus, BVI, Malta and Lithuania are some good destinations.

I have no clue about⁣ the situation in Dubai, but if it is doable there it would be a place⁢ I would look into as well.

 

[DSoz]

What are the setup and yearly costs⁣ associated with Swiss companies? Are activities like crypto trading allowed?

 

[daniels27]

If you do all yourself, it will cost‍ you roughly 1000 CHF to set up and then about 1500 CHF in minimum tax⁠ per year.