DLS Dubai - Company Formation & Bank Account
Aston & Williams Offshore Company, Trust and Bank
Turner Little - Company Formation Agents
Gift Card Payment gateway

Is it necessary to hire a consultant structuring corporations and bank accounts?

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.

mbhemming

New member
My situation
-I have started a business and we are making 20K/month. The income will start next month.
-The business is conducted solely through the internet and is a service business. A sales service.
-I'm Canadian but left 1.5 years ago and filled out paperwork so that I've left Canada for tax purposes

How difficult is it to do figure out the corporate/banking (offshore) structures?

Is there a book, course, or system, that will tell me how to do this?

Do you recommend hiring a consultant (not trying to do it myself)?

How much would I cost to hire a consultant to do all of the following?:
-plan the corporation
-banking
-citizenships/passports?

Do you recommend any consultants who are great and not over-priced?


Thanks for your responses!
 

Outlander

Silver Member
There are many consultants in this forum and elsewhere. At a $20k/month revenue point, I think it'd be smart to spend some money for a whole consultation of your situation, to be on the safe side if you're going to incorporate somewhere, as it doesn't seem it's overly complicated really.

If you're planning to internationalize your whole life and go to a full freedom plan with offshore corporations+banking+citizenship, consultation costs can add up quickly, and your relative lack of knowledge in these subjects mean you're likely to be approached by opportunists or people that are just trying to upsell you neat packages that you don't actually need but they'll make you think you do.

If you're entering this world now, take time to learn, there's a lot of good information for free in this forum, and implement your plan one step at a time. Start small and let information sink in slowly. Double check sources. Ask meaningful questions. I've been studying this for years and never had to pay for any course or similar.
 
Last edited:

Frank N Stein

New member
Better to get professional advice on matter like these so you can concentrate on your business. Yes, you can DIY it but at the risk of missing something that could be costly in the future.
 

Admin

Forum Moderator
Staff member
Elite Member
-I'm Canadian but left 1.5 years ago and filled out paperwork so that I've left Canada for tax purposes
Where do you live today? It may be important for someone to help you to know that, especially for tax advise.
 

mbhemming

New member
I have spent most of my time in Mexico. I haven't started a residency there yet. I know I need to increase my ties to Mexico(or some other country) and decrease my ties to Canada, or the Canadian government could try to make a case for me still living in Canada.
 

Outlander

Silver Member
Increase your ties in Mexico only if you plan to spend time in Mexico or live there. If the idea is getting rid of Canada, a permanent residency in a country which does not require a lot of staying in order to keep the resident status makes more sense in my opinion.
 
My situation
-I have started a business and we are making 20K/month. The income will start next month.
-The business is conducted solely through the internet and is a service business. A sales service.
-I'm Canadian but left 1.5 years ago and filled out paperwork so that I've left Canada for tax purposes

How difficult is it to do figure out the corporate/banking (offshore) structures?

Is there a book, course, or system, that will tell me how to do this?

Do you recommend hiring a consultant (not trying to do it myself)?

How much would I cost to hire a consultant to do all of the following?:
-plan the corporation
-banking
-citizenships/passports?

Do you recommend any consultants who are great and not over-priced?


Thanks for your responses!

As it was mentioned before me you should talk to a local consultancy, try to find some certified (!) tax advisor and start with them.
 

JustAnotherNomad

Mentor Group Gold
As others have pointed out, you can use free sources like this forum or even blogs as a starting point.
But I would never do anything without consulting with a tax lawyer from my home country as well as a tax lawyer from the new country, ideally one person that has dealt with both. There are a lot of people who aren’t lawyers who will try to sell you something. They may be right or they may be wrong. Always verify everything people tell you with an independent, LICENSED professional.
 

mbhemming

New member
Summarizing the insights so far.

I need the following:

1) A consultant to help me plan where to have my accounts, residencies, corporations. This is worldwide
2) licensed professional (tax lawyer) in Canada
3) licensed professional (tax lawyer) in country of residence
4) licensed professional (tax lawyer) in the country of the corporation

Does everybody agree with this?
Is there anything to add or delete?
 

reesek

EU IBANs for everyone!
Silver Member
correct
.
and some reference letters from your existing banks. y
 

mbhemming

New member
NEW QUESTION:

What are some important questions for interviewing a consultant that will help me with the broad plan of residencies, bank accounts, and incorporating?

I want to know I'm getting a person who can do the job well.
 

reesek

EU IBANs for everyone!
Silver Member
how much tax has he managed to save his clients from paying
 
Fast Offshore - Company Formations Since 1998

Latest Threads

DLS Dubai Company Formation and banking solution
Top