Offshore company and bank to recieve mexican pesos

[dxt3r]

Hello, I'm new to this site, I'm seeking general advice for a company and account setup to help optimize tax. I have a sport and betting consulting business and charge monthly subscription to mostly mexican and some other latin american customers. I am based in Mexico and would need to be able to withdraw cash in ATM to make payments to sales agents and promoters. Turnover is aprox 10-20k USD a month (in mexican pesos). I'm currently using a local bank account.

Thanks a lot!

 

[TurnedToRobot]

Welcome aboard @dxt3r thu&¤#

Sorry for my ignorance but what stops you from setting up a‌ company in Mexico?

Anyway, you are not far away from the closest tax haven Belize,‍ you could go there in person and setup banking and company youself, shouldn't costs you⁠ more than $700 - 1000 in total.

 

[dxt3r]

@kanakke thanks for your answer,

Mexico has a very high corporate tax (30%) and expense‌ deduction is complex and very restricted.

Belize seems like a good choice, how is banking‍ there?

 

[myhand]

I see, so it's not an option you may have a look at some of‌ the reviews of the Belize banks on this forum, seems not to be that good.‍ Check out the banks here List of Banks, EMI's, Payment processors and BTC to FIAT⁠ institutions. there may be a few accepting Belize corps.

Alternatives you can consider Cyprus with⁤ Cyprus banking.