Looking for A Jurisdiction For My Business

[HeartyHandshakes]

Live in Europe and all of my clients are US based. I'm looking for a no-tax jurisdiction for myself that wouldn't raise eyebrows and flags to businesses in the US so telling them to wire money to Seychelles would make them suspicious. I basically supply leads to various companies and also to attorneys.

I was thinking HK but I would want privacy with nominees. I was also thinking a Scottish LP but I believe I'll need a VAT # for Google and Facebook to run ads and they are hard to obtain whereas a jurisdiction outside of Europe doesn't have VAT charges associated with them.

Looking to for your insights and I appreciate your help.

 

[Internationaloff]

Check if your customers accept St. Kitts and Nevis or Belize as jurisdiction.

 

[HeartyHandshakes]

Well they might, but my problem is the fact it will look a little weird‌ to be honest. It won't have the right optics IMO to these companies. That's my‍ opinion, but I've worked with these types of people long enough to know when I⁠ might be putting them off with those jurisdictions.

I do want to thank you for⁤ the suggestions.

 

[Internationaloff]

These jurisdictions are generally accepted and for this⁣ reason I asked you first.

 

[HeartyHandshakes]

My opinion is they would be if I was dealing with smaller companies. I'm dealing‌ with companies that might frown on that and I might lose deals. I think the‍ question they would have is "why would he be incorporated there?" That would be my⁠ guess.

 

[Internationaloff]

LP Scotland is a good choice, but you need⁤ to declare PSC.

 

[HeartyHandshakes]

What is PSC? Also, I believe I would need to give my VAT # to‌ Facebook so I don't pay VAT on my ads, the same with Google.

Thanks a‍ lot by the way. I appreciate it.

 

[Internationaloff]

PSC=Person of Significant Control

 

[HeartyHandshakes]

Could that be corporate or does it have to be human?

 

[Internationaloff]

The two partners can be private person or corporate.
PSC mus be private person.‍

 

[thinkat]

Why you don't incorporate in Europe? High tax ?

 

[HeartyHandshakes]

You're a legend. Thanks for your help. If I have to register the PSC is‌ that public record?

 

[HeartyHandshakes]

Yes taxes are too high. Also, I have a corp in Ireland and if I could‌ figure out how to use it where I'm only paying 3% or so I wouldn't‍ care all that much. I know some guys have figured it out but I haven't.⁠ The 2nd reason is the VAT which is refundable. For me there is a certain⁤ mental block if I'm paying 22% on my ads and trying to be profitable thinking⁣ "well I will be profitable after I get my refund from the gov't."

It's hard⁢ enough to make Facebook or Google profitable and if you levy the additional 22% which︀ I would need refunded to be in profit it would be hard for me to︁ scale. I would also lose 22% of my adspend to VAT I can't get back︂ for 3-4 months.

 

[Internationaloff]

This register is public.

 

[HeartyHandshakes]

That's unfortunate that's it's public.

Is there anyway to do mid-shore, onshore like HK with‌ privacy? How much does that usually cost? How about something in the UAE?

 

[negon]

OP where did you finally registered you company?

 

[suzy]

UAE is very expensive starting at $4500 as far as I have⁠ researched.

 

[Internationaloff]

What kind of company???

 

[HeartyHandshakes]

I choose‌ HK with a previous company but this guy is dragging so feet so bad he‍ gives dragging a bad name. I'm in a weird spot right now. I think I'm⁠ leaning at this point to doing an Irish company as an agency with my previous⁤ IBC so I get the benefits of Ireland while paying mininum income to show legally.⁣ Then the rest goes to the IBC as the parent client.

 

[Richmond]

An offshore is cheaper than $ 4,500.