US vs UK company for a digital marketing agency with BTC capital

[Black Lytical]

Hello,

I'm looking to form an offshore company.
The main purpose for this company will‌ be to pay expenses for my personal projects (Ads, Servers...),
I will be transferring the‍ funds to the company bank account from my BTC wallet,
I don't have to pay⁠ any taxes on the money in my country.
I will be transferring around $10K per⁤ month from my personal BTC wallet to the company bank account.

My questions are:

1. What's the best option? US LLC or US C or UK LTD? (Need a bank account)⁣
   
2. The company will not invoice any clients, is there any taxes I need to pay?⁢
   
3. What's the accounting requirement for the company?
   
4. What's the annual cost to maintain the company?︀ Accounting, Renewals...
   

Thank you.

 

[Martin Everson]

Where are you located as this is important if you need an account to go‌ with it? If your a US Person then discard the below.

I would go with UK Ltd for account opening ease.

Corporate tax if UK company used.

See below for UK company. Hopefully not much has changed since⁣ I posted that.

https://www.offshorecorptalk.com/threads/countries-with-cheap-maintenance-fees.25940/post-97334

P.S Maybe someone can help out with US side?

 

[fshore]

Why do you need a company just to pay expenses? Why can't you pay the‌ expenses from you own account?

 

[Black Lytical]

I don't live⁠ in the US nor the EU.

Because I will need to pay the expenses in USD, I'm holding BTC, if⁢ I convert it to USD and get it into my account I will be paying︀ a lot of taxes for it + the questions that will arise with this (My︁ country is not crypto-friendly).

 

[Black Lytical]

There is also the possibility to exchange BTC to a personal EMI account and transfer‌ the balance from my personal EMI account to the Company account.

 

[fshore]

I don't know your country or the laws there, but do you suggest‍ that if you pay expenses in usd from your personal emi account then you'd incur⁠ taxes?

And that you won't incur taxes if you exchange btc and deposit into you⁤ personal emi account?

 

[Black Lytical]

If I use USD from my personal account I⁤ will need to pay taxes on it,
If I buy BTC or use my own⁣ BTC from my wallet and transfer it to a business bank account outside my country⁢ there are no taxes to pay.
Also, I want to use a business account +︀ company to pay for my expenses with no problems,
For example, I'm spending a lot︁ on FB ads each month, if I'm using a business account verified with a company︂ I will be avoiding a lot of troubles and suspensions.