Recent content by OKtober

It doesn't change the tax position but an offshore business is supposed not to be allowed to do business in its own jurisdiction isn't it? Not sure what w8-ben and w9 are though.

Because as most of my customers are in the US, I was told that wasn't a good option for me.

Thank you, I had missed it.

I have been told by an agent I am considering using for incorporating my offshore company that banks in Cyprus have stopped opening accounts for offshore companies which: - have no physical presence in the country of domicile - have no established economic activity and have no economic value -...

Thank you.

Thanks for the advice. I will keep that in mind. Sorry again for the dumb question but in which way the regulation on these providers is softer?

I agree with that. Although learning from someone else's experience might save some time and sometimes enable a small business to save substantial amounts of money and in turn grow faster.

Hi Hans, I will definitely be watching this thread. I am currently about to incorporate my first offshore company so all this is very new to me and I am trying to learn as much as I can to avoid bad surprises later on but I have to say that the opening a bank account bit is the most confusing...

Hello, I am happy to join this community after so many hours reading the content of this forum. I think I am pretty much ready to start writing the offshore chapter of my business story but I would like to have more experienced people's feedback or point of view in case I have missed anything...