Poll: Top Tax Heavens whatyou thinkg?
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They were used to be great in the past. Today they are similar to all others. Only difference is that there is an Acquiring bank there that may be able to procees merchant applications.
True, at least it is easier to get it setup. Otherwise Scotish LP could be an option too!
Belize and Seychelles are both good options. I think you'll be happy no matter which way you go.
As for best jurisdiction, I would say it depends on the needs. there's no one size fits all. I would say something like Panama for Personal tax residency, Seychelles for foundations & tied with Belize for IBC, Mauritius maybe for banking. But this just suits my needs. I don't need access to the EU for example.
Do you know what the costs are for a Panama and Mauritius entity? any special requirements to form a IBC there?
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It will depend who you use. I think I paid a local lawyer $1100 for my Panamanian company. Mauritius I'm just interested in for banking. I've had quotes for $500-$1000 to open a bank account there.
$ 1,100 for a Panamanian company with or without Nominee Directors?
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There's no telling what will happen in the future. I gave up trying to predict such changes a long time ago. Tax enforcement is a constant ongoing battle and changes are being made every year. All we can do is work with what is currently available and adapt as necessary.
I've been reading plenty about Gibraltar. Seems banks are still quite friendly to this jurisdiction and getting a merchant card facility to take payments is also possible. I've still not made my mind up but my short list is getting shorter, pretty much down to UAE, Singapore, Gibraltar & Cyprus ...
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