IBKR, Swissquote, Dukascopy for EU resident offshore company

[Jerry1911]

Hi all,

I would like to set up a limited company for long term investing in stocks and ETFs, so I'm wondering if anyone here has any experience opening a corporate account at the above mentioned brokerages.

There are a couple of jurisdictions I have in mind, but in any case the company will be a tax resident of Cyprus as I (the sole director and UBO) will be tax resident there as well.

 

[nasdaqtradfiguy]

Would you elaborate/share on the jurisdictions you have in mind?

Also, what kind of money are we talking about-if you don't mind me asking? (Last time I inquired with them for single member LLCs they were open for business--just a few months ago

 

[Cabin14]

Hi all,

I would like to set up a limited company for long term investing in stocks and ETFs, so I'm wondering if anyone here has any experience opening a corporate account at the above mentioned brokerages.

There are a couple of jurisdictions I have in mind, but in any case the company will be a tax resident of Cyprus as I (the sole director and UBO) will be tax resident there as well.

I have a US LLC for investing in ETFs in the US. I set up a Wyoming LLC and then an IBKR account - no problems at all.

 

[uplana]

I have a US LLC for investing in ETFs in the US. I set up a Wyoming LLC and then an IBKR account - no problems at all.

Sounds like something workable.

If you need something with reputation I would go with a Swiss company (personally I own a few of them) if reputation doesn't matter Cyprus, BVI, Malta and Lithuania are some good destinations.

I have no clue about the situation in Dubai, but if it is doable there it would be a place I would look into as well.

 

[DSoz]

Sounds like something workable.

If you need something with reputation I would go with a Swiss company (personally I own a few of them) if reputation doesn't matter Cyprus, BVI, Malta and Lithuania are some good destinations.

I have no clue about the situation in Dubai, but if it is doable there it would be a place I would look into as well.

What are the setup and yearly costs associated with Swiss companies? Are activities like crypto trading allowed?

 

[daniels27]

What are the setup and yearly costs associated with Swiss companies? Are activities like crypto trading allowed?

If you do all yourself, it will cost you roughly 1000 CHF to set up and then about 1500 CHF in minimum tax per year.