Recent content by OffCap

Set up a company in someplace like HK with a Singapore bank account.

I think there's probably a bit of misinformation here. There doesn't seem to be a universal problem with USD transfers it's account specific. Would be curious to know what sorts of accounts those involved are holding and what their relationship is with the bank.

You can negotiate fees down with Georgian banks if you've got large balances. TBC you basically need local substance now. I'd expect you will need the same with BOG soon. Both TBC and BOG are good banks though if you run your business properly.

If you're looking at privacy you've got to consider questions like "from who?" and "for what?" There's a big difference between getting information for criminal matters vs tax vs lawsuits. And there's different weaknesses in structures. Two that haven't been mentioned but are very strong are...

If you can't have someone visit in person that sounds like a nonstarter. If you're using a hired UBO pay for them to travel. This being said an interesting upcoming option is San Marino, which is working on a new regime. Otherwise do you need to be in Europe? What's the objective of the set up?

Why do you want the bank to be in Puerto Rico?

International tax works like this (curious why you decided to form in UK btw?). A company's full income is subject to the rules of wherever it is tax resident. In UK rules if a company is formed there it is UK tax resident. On the flip side a company management and controlled from Switzerland...

Gibraltar - you don't necessarily have to bank at Transferwise. Jersey - not a signatory to VAT so not sure what he's saying there. This being said meeting Jersey standards is in my experience challenging as their goal is to be whiter than white and it tends to add costs and operational...

As @Martin Everson said there's rules to limit the benefit of this and make it tough. First, you've got withholding taxes on interest paid. Then, you've got transfer pricing rules. Then, you've got thin capitalization rules. Usually, when you do the analysis you find unless the amount of...

@Martin Everson gave you good advice here. I'll start with this. The ONLY thing Belize, Seychelles, etc. are good for these days is privacy. For ease of doing business they won't be great. For banking they'll be horrible. For tax planning forming a company there is almost never relevant to...

I certainly wouldn't send money to someone who wasn't communicative that's for sure. I'd expect you should be able to find many who are communicative though, surprised if you haven't. $5k+ for a company in most of these jurisdictions is crazy high though, you should be able to do much better...

You could try searching for fiduciaries, trust providers, director services there are many in HK I don't have any I can specifically recommend. Be aware though it will add a lot to your annual costs.

If you're selling to China I'd seriously look at Labuan in large part because you can get low cost people who speak Mandarin so it's a nice gateway to China without the costs of HK and Singapore. This assumes you don't need any of the infrastructure Malaysia is weak on or will trigger any of...

Well I wouldn't call people making comments on any public forum a reliable source of information. That being said if your tax attorney is advising Singapore I'd be really curious to know why? Let's start with the basics: 1. It's expensive and hard to deal with - especially due to the local...

Where are you getting this from?