Recent content by starfang

I'm not that sure that I would go with a Dubai corp yet. Still waiting to see what will happen the next 2 years with this country. I'm suspicious!!

He mentioned already Cyprus to be the headquarter for the setup!!

Yes that's what all are doing. Belize company formation + cyprus bank account or Seychelles company formation + Cyprus bank account or Mauritius company formation + Cyprus bank account.. you will have all options open!

You are responsible for what is going on in the company. As admin already touch pointed there is a declaration of trust and the deed of indemnity document that protects the nominee director and shareholder from any liability in any criminal or financial matters.

I agree with Allan, what I would do is to open a simple PP account, receive the payment there and even pay the little tax you may have to pay from your "test phase" and then decide once you are doing real money how to proceed.

So question is how you connect your PayPal account to one of these entities. Do you know about some service in the Isle of Man that can connect the PayPal account to an offshore account belonging to an company in the Isle of Man?

These are one of the best options for anonymous banking if you want to call it that. There are methods where you still can do transfers anonymously like Western Union but they are very expensive. I heard of new payment methods popping up all the time but they are too new to make use of safely.

Yeah, most think the way of an offshore company the same as they are used to with their local company. You have a total different set of rules to play with when you operate within the frames of an offshore company. No invoice will be required unless your customer is asking for it.

I read about forums specially covering all exchange services around. Since we are not allowed to post other forum urls here I can't post it but wanted to make people aware of it just in case there are not soon coming any service here people can start using!

Do you think it's cheaper in Liverpool compared to London? I consider a UK virtual office service at the moment but haven't find any reliable service yet.

Real cool reading. Thanks for sharing.. I believe that tax heavens will exists now and ever lasting as long as we have money on this planet!

It's not going to happen. Today offshore banking is not about to hide from the tax man but more like you want privacy and securing your funds in an offshore account from lenders and creditors that want their nasty hands on it.

They are one of the major banks in Bahamas.. I would consider them if needed.

Do we pay tax in Dubai if we incorporate our Business there?

I heard Estonia was cheap to live in? Do you pay any tax with this e-residence or not?