It depends on context. It probably doesn't make a big difference in this case, but I would place Seychelles ever so slightly ahead of Belize. I would take BVI before either of them.
Yes, but @rowena seemed more concerned about audits, not financial statements.
If this is the case I prefer BVI because sometimes I receive KYC/DD requests from my personal bank accounts in the EU(Switzerland & France) and it is better to show them BVI company instead of Seychelles.
My concern is about mostly wasting the time. I receive payments from Google/Apple and I send revenue to directly my personal EU bank accounts. Since my business is simple(12 payments per year, $2M annual turnover), I don't want to waste time chasing audits etc..
what troubles do you faced to setup your BVI company if you don't mind to tell about the registration process in some steps?
I noticed UK LLP is better for me I went with UK LLP.
You are fine with accounting for UK LLP?
It is easy. I just need to prepare invoices and file an empty annual return to HMRC because I don't have UK taxed income. Am I missing something?
As far as I know you need to report even foreign income. You will not be taxed, but you need to report everything coming in and out of your bank account. I have an accountant in the UK who is filing everything on my behalf, but I sitll need to take care of internal accounting and prepare general ledger.
It shouldn't be like that. Please check the HMRC guideline for non-resident LLP reporting below.
Yeah, could be, but my accountant still wants to see full bank statements and general ledger. It could be that their procedure is a bit strict, but I am not complaining given that I also bank internationally and banks like to see a full financial statement report.It shouldn't be like that. Please check the HMRC guideline for non-resident LLP reporting below.
No longer.
