Offshore Company - Why, when and how to start one.

[JohnLocke]

Thank you for the heads up, I removed the outdated video and we will go through the article again.

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[cryptoland]

I used Wise for Seychelles without issues. That isn't the case anymore?

 

[bubbledouble]

When did you created the Wise account for your Seychelles IBC ? are you Seychelles resident ?

 

[cryptoland]

That was in 2018. Not a resident of Seychelles.

 

[JohnLocke]

This article has been updated as part of our general update policy, where we review all outdated articles whenever possible. If you have any additions or notice any parts of the article that still need updating, please feel free to post them here.

Enjoy reading.

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[kilor]

JohnLocke said:
The LLC is the ideal option if you plan to come up with a joint venture between multiple partners from different countries. This is the main reason wherefore many companies go together in a classic LLC. Practically, the newly formed company can benefit from the actual incorporation, but members are not directly affected by the others. Instead, each member has to deal with taxation in their own country of residence.
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the company itself is tax neutral or how to understand it ?

 

[bubbledouble]

update: Wise rejected my application for the Seychelles company without further information. I setup a UK LTD which got accepted straight forward.

 

[uplana]

very good with an update and the FAQ it sums everything nicely up for people seeking more information while wondering how to setup a company abroad.

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[sebastian]

JohnLocke said:

Asset protection​

This is one of the main reasons wherefore so many business people choose to establish their companies abroad. Practically, they get some extra protection when it comes to the assets of the company. Placing assets into an overseas legal structure will bring in plenty of protection against potential liabilities.
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Something from the past if you you have serious troubles and need real asset protection.