In what cases a company in Belize is worth it?

[blackeric]

I've heard someone, who's been running businees for a over decade, say that he won't normally open a company in Belize and other tax heavens with low reputation. But for some special purposes a Belize company can be a good fit.

What can be those special purposes?

 

[James Turner]

General privacy, asset holding, as a vehicle to protect wealth/assets, trading where the client o‌ supplier are unconcerned about company location. Belize Companies can be used for many purposes.

 

[blackeric]

Is a bank account of a company also assumed to⁠ be in Belize?

 

[James Turner]

No, banking for Belize Companies is often arranged in other locations. It does not have‌ to be in Belize.

 

[blackeric]

I've also heard that it's pretty difficult to open a bank account for a Belize‌ company. What locations, for instance, will accept it?

 

[James Turner]

Banking can be arranged in for Belize Companies in Belize, Mauritius, Seychelles, Cayman, Puerto Rico,‌ Nevis to name just a few.

 

[JohnSeed]

It's not going‍ to be that easy, personal visit is required and you have to provide endless numbers⁠ of documents.

Belize and EMI's like Transferwise, Paysera and services similar is what your option⁤ in real live is.

 

[James Turner]

Personal visit is in almost all cases not necessary to open a bank account. There‌ is a reasonably standard set of documents needed in terms of personal ID, corporate documents‍ etc which is not so hard to provide if the company was created properly in⁠ the first place. If the company has been badly created then documents are not always⁤ produced, but even in this case they can be created at a later date and⁣ supplied to a bank. EMI's are not so good in my opinion and I would⁢ always prefer a proper banking arrangement.

 

[blackeric]

Paysera or pantera rather?

 

[user9823671]

Would you have‍ a preference (as punter) of those banks?
Are some better than others?
Are some better⁠ for some businesses than others?

 

[blackeric]

Are Belize and Seychelles companies good fit for a VPN SaaS?

 

[user9823671]

I've seen a VPN company from BVI going through a 3rd party payment processor.‍ I contacted them and they won't speak to you unless you are doing 100k a⁠ month sales. So assuming you are not at that level, your issue is going to⁤ be banking and processing payments monthly.

Getting paypal will be next to impossible from my⁣ research, so you need to go through a 3rd party who will take the paypal⁢ through their account.

If you find a solution, would be very interested to hear it︀

 

[blackeric]

for processing payments, solution would be my own crypto processor

 

[user9823671]

If you don't need a payment processor then it will make things much easier. Would‌ you need a bank? If not, then again makes it much easier. Either seychelles /‍ belize should be fine in that case