Best country/jurisdiction with no director/owners public records

microboi

New Member
Hello all, it's my first time here


I wanted to open a perfectly legit IT company that would sell and rent software to international customers. I would prefer my name not to be public.

I was looking for a place to open my company where the director and owners are hidden to public view and I can open a business bank account to be linked to paypal. I would pay taxes in my own country.

I looked at Hong Kong, Singapore, Dubai but I don't want to travel, plus I don't have 100K for the minimal deposit to open the bank account.

Delaware.. I don't know if there are public records, I suspect there are
Wyoming.. could be an option
Seychelles.. could be an option but the law changed in 2018 so I'm not sure
Belize.. could be an option but I want to stay anonymous for the public only, I don't need complete anonymity

Could someone please help me?

Thank you
 

James Turner

Trusted Member
Business Angel
Mentor Group
It is reasonably simple to create a company where your personal details are not available publicly. Your issue will come when you utilise a location that protects your details and you also want to link to Paypal as most locations that protect your details will not be acceptable to Paypal. I would suggest considering the use of Nominees which will open up other locations to you, but in essence Belize, Delaware, Wyoming could be options that would work for you, but check with Paypal first.
 

microboi

New Member
Thank you James but discovering which countries/banks are supported by Paypal is a challenge since Paypal is to say the least, foggy regarding this topic. I have tried to link two personal Paypal accounts to two different banks and the status "checking" never changed in three months. I asked Paypal and they replied to me to check with my banks. I asked to my banks and none of the two knew what Paypal is.
 

James Turner

Trusted Member
Business Angel
Mentor Group
Thank you James but discovering which countries/banks are supported by Paypal is a challenge since Paypal is to say the least, foggy regarding this topic. I have tried to link two personal Paypal accounts to two different banks and the status "checking" never changed in three months. I asked Paypal and they replied to me to check with my banks. I asked to my banks and none of the two knew what Paypal is.
Is it essential that you use Paypal or would another provider work for you?
 

fshore

Trusted Member
Business Angel
You can consider Labuan in Malaysia, no public records and supports PayPal.
 

GrumpyMess

Building Trust
Entrepreneur
You can consider Labuan in Malaysia, no public records and supports PayPal.
As far as I know Labuan companies have some limitations now, you have to spend 25k on local labuan services otherwise ordinary Malaysian tax rate applies
 

MarioSmith

Active Member
Hungary is also a good option if you use Hungarian trust as the shareholder and local director - nominee from a licensed trustee company.
No substance required and account in Hungary you can get easily.
We had few clients who did this for their operations.
 

MarioSmith

Active Member
Company is regarder as a resident and due to the fact that it's managed by a professional trust company is very positive for the bank as well. Visit not required if local director manages the account. If you want to co-sign, yes.
The total costs will be many times lower than similar set-ups in countries that have trust law: Switzerland, Liechtenstein (foundation law), even Cyprus. <<snipped> But please note that Hungarian company is an onshore company paying 9% tax on profits and doing annual bookeeping.
 

microboi

New Member
Thank you all very much for the replies!
Just a little outburst.. public records are a historical mistake that will kill economy. Director's and owner's data should be disclosed only to law enforcement and courts.
Public records are a strategy of a “war between the poor” where "transparency" is just an excuse.
 

andres33

Building Trust
Entrepreneur
Company is regarder as a resident and due to the fact that it's managed by a professional trust company is very positive for the bank as well. Visit not required if local director manages the account. If you want to co-sign, yes.
The total costs will be many times lower than similar set-ups in countries that have trust law: Switzerland, Liechtenstein (foundation law), even Cyprus. <<snipped> But please note that Hungarian company is an onshore company paying 9% tax on profits and doing annual bookeeping.
hi Mario Have you some serious address to recommend in Hungary to set ut a company, trust, holding?
 

MarioSmith

Active Member
Hi. This is one of 3 officially licensed companies to set-up and manage trusts and special foundations in Hungary: www.airon.hu Email address of their manager is [email protected] Don't have phone unfortunately. They are the best for complex solutions and as far as I know, they also offer good additional services like bank accounts even in UK, Montenegro and Poland, etc.

If you simply need a company without a trust, there are few providers with good reputation: Business Solutions and Immigration Services | Helpers Hungary, manager ls lady named Barbara, and also company called FIRMAX: FirmaX Hungary | Company Center & Corporate Services
They both are good but they don't offer anything related to trusts and foundations.

This law office is also good in case you need some legal support for your company as well: Bodnar Law Office | Hungarian Lawyer
 
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