Opening an offshore company?

[redbullr224]

Does somene here own an offshore company since i have few questions.

What is the best option to set one... I guess it's to use one of those services where they set up the company for you, as well as the bank account?


Also how much does it costs? The service i've been looking at says 600$ for company opening and 550$ for the bank account in offshore country.


Is that good offer, or do people register such things themselve?

[greyhawk]

You will normally need a lawyer to do this for you.There are many websites that advertise these services but many of them are not so good. Do lots of research first.

[redbullr224]

Thanks very much for the reply. Well they look good but i will see.

Also, is Seychelles a good option. And the other thing, Does the bank account has to be in the same country as the company is registered, or can it be in another offshore country?

[shield132]

At first you need a lot of research.

As I know, Bank Account can be in another offshore country.

[odolvlobo]

Listen to this: http://www.npr.org/sections/money/2012/07/27/157499893/episode-390-we-set-up-an-offshore-company-in-a-tax-haven

[Kprawn]

Do your own damn research.. this is not Money laundering 1 on 1 ... It's a Bitcoin forum. Half of the damn world already think most Bitcoiners are scammers and now you come here with this type of

questions. What does this have to do with Bitcoin in any way? Next thing you know, this thread comes up in the Panama papers as one of the documents teaching people how to move money to

offshore bank accounts, using Bitcoin.  

[redbullr224]

Do your own damn research.. this is not Money laundering 1 on 1 ... It's a Bitcoin forum. Half of the damn world already think most Bitcoiners are scammers and now you come here with this type of

questions. What does this have to do with Bitcoin in any way? Next thing you know, this thread comes up in the Panama papers as one of the documents teaching people how to move money to

offshore bank accounts, using Bitcoin.  

Hello where did i say anything about money laundering?

Tax haven countries are legal(atleast in Europe) and it can be used at your advantage to grow the company bigger and reinvest the money without paying tax on income.


What people think about Bitcoin being used by scammers, you have same thoughts about offshore companies.  They are not neccessarily a bad thing. A company i plan to open would not be able to operate at tax rates in my country, it would not be profitable at all.

[Kevin77]

it's never easy to manage an offshore company alone. Normally, you'd need at least a team to be able to handle all the talks and have opinions on each move, especially when it comes to finance. As what greyhawk said, having a lawyer would make it a lot easier for you.

[MingLee]

Opening an offshore company would require a lot of people, and isn't something that is easily done, necessarily.

Your first step would be to contact people wherever you want to set up your company, see if anyone is willing to undertake such a task, and then hire lawyers from both countries, as well as check treaties and so between countries and check all the wonderful conversion rates, and then figure everything out from there. Hire lawyers, get contacts, find out what you're doing.

Or google it, that works too.

[Taki]

I would not recommend you to do such serious steps in your business without a lawyer. Yes, u will need to pay not little for his or her services, but it will worth to.
I'm also interested in which country do you plan to open offshore.

[redbullr224]

The people who specialize in such services - opening offshore companies are mostly lawyers (i guess?).

So i  guess they know how to do things. I don't know, why would i need a lawyer? Also i dont own a multi million business...


the only thing i would need to look into is when do i need to pay/report taxes. but as i know, you don't have to pay anything, unless you transfer money to your country (also you can't buy things for yourselve, they must be business related - otherwise tax).


By the way, i wish i could run the business in my country, but the taxes and costs of running one are way too high, making it not worth doing.

[jackg]

The people who specialize in such services - opening offshore companies are mostly lawyers (i guess?).

So i  guess they know how to do things. I don't know, why would i need a lawyer? Also i dont own a multi million business...


the only thing i would need to look into is when do i need to pay/report taxes. but as i know, you don't have to pay anything, unless you transfer money to your country (also you can't buy things for yourselve, they must be business related - otherwise tax).


By the way, i wish i could run the business in my country, but the taxes and costs of running one are way too high, making it not worth doing.

Unless you get the other person to convert it to Bitcoin, send it to you and avoid some tax (that is technically legal tax avoidance as youare transferring their posession).

What are your tax rates? Would you be interested in just moving countries?
You would need a lawyer in both countries in order to ensue everthingis legal, unless you want to check this yourself of course.

[countryfree]

Why do you want an offshore company? What will be the business of this new company? Where will it operate? With who?
Without knowing your plans, nobody can give you the correct answers to your question.

[redbullr224]

Hello it's related to online services, which seems to be suitable for an offshore company.
The tax in my country would be over 40% which i do not find acceptable at all.

Also i am the only one to operate, it's all virtual and customers are not from my country.

To clarify, i expect to get around 2,5K/month only, where only 1,5k is profit. And i could not run business profitable with normal tax at such low volume. Not to mention yearly fees for just having a business are 10times or more cheaper in Seychelles for example.

Hope so you understand, it's either tax haven, or nothing.