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Alternative Juristiction for a Online Business

Discussion in 'Offshore Company formation' started by Luigi, Aug 21, 2017.

  1. Luigi

    Luigi Member

    I've been a long time trying to decipher which jurisdiction is the best for opening a MLM (multi level marketing) online business.
    In this forum I see that many people talk about Cyprus, Hong Kong, RAK, Seychelles and Belize.
    Hong Kong and RAK seem to be very expensive (please correct me if I have any mistake in this post).
    Seychelles and Belize seems to be difficult to apply to paypal and 2co. (I need some kind of card verification).
    I tried to find a Paypal country list for business but I wasn't able to. Through 2checkout I could see that the folllowing countries are not accepted:
    Afghanistan
    American Samoa
    Antigua And Barbuda
    Bahamas
    Belize
    Bolivia
    Botswana
    Brunei Darussalam
    Cambodia
    Cameroom
    Cote D’ivoire
    Cuba
    Faroe Islands
    Fiji
    French Guiana
    Gabon
    Georgia
    Ghana
    Greenland
    Guadeloupe
    Guinea
    Guinea-Bissau
    Iran, Islamic Republic of
    Iraq
    Ireland
    Jamaica
    Jordan
    Kazakhstan
    Kenya
    Korea, Democratic People's Republic of (North Korea)
    Maldives
    Mali
    Mozambique
    Myanmar
    Namibia
    New Caledonia
    Nicaragua
    Nigeria
    Northern Mariana Islands
    Puerto Rico
    Qatar
    Reunion
    Rwanda
    Senegal
    Seychelles
    South Africa
    Sudan
    Swaziland
    Syrian Arab Republic
    Tajikistan
    Tanzania, United Republic Of
    Timor-Leste
    Trinidad and Tobago
    Tunisia
    Turkey
    Turkmenistan
    Uganda
    Uruguay
    Vanuatu
    Venezuela
    Yemen

    So I Just just thinking if there was an alternative. Checking the offshore company agencies I found these countries that are available with low tax:

    British Virgin Islands
    Cayman Islands
    Dominica
    Malta
    Marshall Islands
    Mauritiius
    Samoa
    Singapore

    Does anyone know the issues I might find in these countries? (if they accept paypal or 2co, if the company can be opened remotely, costs of maintenance, privacy, real taxes, so on).

    Thanks in advance.
     
    crownblown and diablo like this.
  2. Luigi

    Luigi Member

    P.S. Forgot about the cook island
     
  3. GCE

    GCE Member

    Bulgarian Limited Liability Company will answer your needs at maximum level. You can get PayPal account opened, as well as regular corporate bank account.
    If you do not like to appear as shareholder, privacy matters shall be discussed further.
     
  4. auric

    auric Offshore Agent Mentor Group Sponsor Business Angel

    how do you insure that privacy? Is personal visit required ?
     
    Luigi likes this.
  5. Luigi

    Luigi Member

    Interesting, never thought about Bulgaria. Searching on internet I see that it has a 10% of corporation tax.
    I have the same questions as the master auric, and also I'd like to know how complicated is opening a company there. For example, I know that RAK requires personal visit and sometimes it is rejected.
    Does it require too many documents?
     
  6. diablo

    diablo Active Member Mentor Group Sponsor Entrepreneur

    Did you ever find a solution for your setup? I mean the right jurisdiction?
     
  7. Luigi

    Luigi Member

    No, I'm still investigating, as I wrote, there are many options but nobody shows their handicaps straightaway.
     
  8. diablo

    diablo Active Member Mentor Group Sponsor Entrepreneur

    Thank you for the update. I'm looking into differet jurisdictions too but still investigating.
     
    Luigi likes this.
  9. crownblown

    crownblown Active Member Mentor Group Sponsor Entrepreneur

    Look into St. Kitts it seems to be a great alternative to the most common jurisdiction we discuss here!
     
    diablo likes this.
  10. diablo

    diablo Active Member Mentor Group Sponsor Entrepreneur

    Thank you will try that.
     
  11. laurie

    laurie Member

    Just to confirm it's a top jurisdiction. My fav in Caribbean.