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.
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
-...
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...
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