During the many years I have done business online and archieved a bullet proof setup for my holding and company structure I thought I will go and share some of my knowledge to the many people out there that just started.
My journey starts here:
When I first started to setup my company for my very first online business I did like many did. Posted a thread on various forums and asked for advice. Bam, 10 min later I read to incorporate in Mauritius with banking, merchant account and all this... (started in 2003). So I went to google and found; Titan Corporate Services they helped me out to find the best setup for my needs, professional and fast.
Once everything was setup I faced troubles with my local tax office, they quickly found out about my setup..no one told me not to transfer money from Mauritius to my local bank account
I thought what to do now???
There was no help to find at the above agent. I went to one of the largest offshore formation providers I could found, Ocra Mauritius they got me setup with a holding company in Singapore with a private limited company! We transfered the shares from the Mauritius corp to this one and wola I managed to get out of the spot light of my local tax office, at least for some time.
One problem sorted out, next knocked on the door!!
Banking was the weak link in my setup.. I went to google searching for banking in Bahamas, approached all banks I found, namely Cay Sal Bank, Caicos Bank, Bank of Turks Islands, Mouchoir Bank, Silver Bank and Navidad Bank (Dominican Republic) - bam 6 bank accounts opened, transfered and routed the money through all the accounts before they were send to my personal account.. BANG the tax office came again and told me to pay tax
So what to do now???
Best shot was to consult another offshore Agent, to find one in the Bermudas I went to https://www.roc.gov.bm/roc/rocweb.nsf/roc?OpenFrameSet worked pretty good. found a reliable and trusted agent in seconds.. This time I wanted to started over from scratch.
Bermuda Holding company and trading with an Marshall Islands company! That was the s**t.. Why, because:
So.. now I had a great setup which worked very well for me during a period of 3 years!
to be continued....
My journey starts here:
When I first started to setup my company for my very first online business I did like many did. Posted a thread on various forums and asked for advice. Bam, 10 min later I read to incorporate in Mauritius with banking, merchant account and all this... (started in 2003). So I went to google and found; Titan Corporate Services they helped me out to find the best setup for my needs, professional and fast.
Once everything was setup I faced troubles with my local tax office, they quickly found out about my setup..no one told me not to transfer money from Mauritius to my local bank account
I thought what to do now???
There was no help to find at the above agent. I went to one of the largest offshore formation providers I could found, Ocra Mauritius they got me setup with a holding company in Singapore with a private limited company! We transfered the shares from the Mauritius corp to this one and wola I managed to get out of the spot light of my local tax office, at least for some time.
One problem sorted out, next knocked on the door!!
Banking was the weak link in my setup.. I went to google searching for banking in Bahamas, approached all banks I found, namely Cay Sal Bank, Caicos Bank, Bank of Turks Islands, Mouchoir Bank, Silver Bank and Navidad Bank (Dominican Republic) - bam 6 bank accounts opened, transfered and routed the money through all the accounts before they were send to my personal account.. BANG the tax office came again and told me to pay tax
So what to do now???
Best shot was to consult another offshore Agent, to find one in the Bermudas I went to https://www.roc.gov.bm/roc/rocweb.nsf/roc?OpenFrameSet worked pretty good. found a reliable and trusted agent in seconds.. This time I wanted to started over from scratch.
Bermuda Holding company and trading with an Marshall Islands company! That was the s**t.. Why, because:
I went to Kaizen Corporate Services Limited who were very helpful and quickly got me the company I needed. Once formed, I went to Swiss, Cyprus and Latvia for banking for this company. Banking was setup within 1 months.. means 4 bank accounts.. So all I had to do is to take the profits earned in the Bahamas setup and move it to the Swiss account, from there to Cyprus and finally to Latvia where I picked it up personally.
So.. now I had a great setup which worked very well for me during a period of 3 years!
to be continued....
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It seems that pharmacy business is impossible to place with any merchant account provider these days. Regardless how hard you try to camouflage it.. they catch them all sooner or later.
Great... just wondering what your experience is with Kaizen Corporate Services Limited are they any good?
