Subscription Consulting business setup

[dxt3r]

Hello, I have a subcription based consulting business I'm planning to move offshore as no physical goods are exchanged, im planning this setup, any recomendations or criticism would be appreciated.

The business i run is a 200 USD a month subscription so no large transactions, but revenue is around 20-25k a month. We are based in Mexico.

1.- Setup offshore company (haven't decided location) to hold bank account or EMI and recieve payments (maybe merchant account? im not familiar with this)
2.- Host website offshore?
3.- setup personal bank accounts for me and business partners at some location where there is no TIEA, Maybe belize corps for partners?
4.- wire the proceeds of the business once a month to business partners and myself to personal (corporate?) accounts.
5.- Spend money using credit card from offshore bank. (this is really important)

Anyone running something similar? Mexico taxman has CFC rules and all OECD related laws.

 

[TurnedToRobot]

As you already mentioned Mexico has implemented every rule already like the EU has which‌ is a problem when it comes to tax reduction.

What you need is to consult‍ an accountant in Mexico which probarly can help you reduce tax, I can't imagine that⁠ it's not possible where you live.

Otherwise, there are some models like the discussed "homless⁤ mexican" that you open a company & bank account for, this can work for you⁣ or you setup a company with real office and bank account in Cyprus or Georgia⁢ where it is possible to gain 0% corporate tax and for Cyprus at least it︀ is possible to get a bank account in Cyprus.

You can spend the money with︁ the included Visa card which no one will ask question about.

Alternative is Hong Kong︂ but it's difficult to get a bank account in HK. I know of a guy︃ that succeeded with the account opening in Cyprus for his Hong Kong company just for︄ a few days ago, the process took 9 weeks baw3##

 

[OffCap]

The one thing you've got working︃ for you is Mexico sucks at enforcing their rules (unlike countries like Netherlands, Germany, US,︄ Australia, etc.)

That being said TIEA really aren't a concern for you. You need to︅ be worried about AEOI/CRS.

Mexican CFC rules are fairly easy to avoid, their corporate residency︆ rules and source income rules are more of an issue.

Hard to make this legal︇ without spending a fair amount of money, probably pretty easy to get away with it︈ if you structured using the right jurisdictions.

 

[dxt3r]

thanks for your replies, indeed mexico sucks at enforcing. I will explore more options, I‌ had considered the homeless man option, its a fairly common tactic even in local companies‍ here.