Looking for a consultant to help setup new offshore company

[jerrymack]

For an online sportsbook/casino setup in Canada. Looking to hire someone to assist in setting up and consulting in but not limited to:

1. Provide tax/corporate advice regarding the jurisdiction in which to incorporate as well as how best to mitigate the tax burden in repatriating the funds from an offshore corporation to Canada
2. Assist in setting up Corporation and structure
3. Assist in setting up Banking & strategy offshore > Canada

Thank you in advance!

 

[Gediminas]

Hey,

Happy to assist you there. We have experience in egaming licenses and I believe we can help you with all. Most importantly - with the banks.

You can find my email by clicking on the banner.

 

[James Turner]

Hi,

We would also be happy to discuss your requirements with you.

James

 

[clemens]

You want to check with one of the players joined this thread both are good in what they are doing.

 

[onemansomewhere]

For an online sportsbook/casino setup in Canada. Looking to hire someone to assist in setting up and consulting in but not limited to:

1. Provide tax/corporate advice regarding the jurisdiction in which to incorporate as well as how best to mitigate the tax burden in repatriating the funds from an offshore corporation to Canada
2. Assist in setting up Corporation and structure
3. Assist in setting up Banking & strategy offshore > Canada

Thank you in advance!

Do you have a gambling license in Canada to have sportsbook/casino yet? Or are you looking for someone who is able to help you create structure with reasonable licensing?

Canadian law does not allow any foreign companies (Only exemption are some US companies) to market nor make any kind of betting or gambling business with canadian residents. Sure, there is no way how they can technicaly to prevent foreign companies to make such business in Canada if directing persons has no other connection in Canada. Canadian authorities does not care about your business if you are accepting customers from Canada, but if you do not market your business actively in Canada. There is a very thin line between legal and illegal seupt of structure and all activities. The differences are in some small details only.

The offshore resellers, who has absolutely no legal background and no legal education in USA or Canada, has absolutely no chance to create strusture will will be absolutely bullet proof. So, be aware of them.

Having an offshore gambling company in offshore jurisdiction, but living in Canada, directing this company in Canada, having a betting customers from Canada - the only way how to handle this is to obtain a citizenship and/or residenc epermit in some other country and create very sophisticated structure. Repatriation funds to the Canada can be done not directly. There has to be created a structure, where Canadian authorities will see some clean money coming from "respected" country like USA, UK, Singapore..

Banking structure is something that can break your neck.

The most of offshore service resellers will just try to sell you what they call "bank introduction service". It means, they will just resend your documents to some of the banks, from which they receive commisions.

The only way how to create a complex banking structure is to have a lawyer with a direct contacts in a bank. This will allow you to structure accounts and services properly. Which of this "resellers" will travel with you to the bank and negotiate a specific conditions with the banks? None.

Hidden advertising is removed, 1 warning point given!

 

[James Turner]

I believe, my post will be deleted. Whereas what I am going to write now, is something what they will not like. But:
The most of "sponsors" advertising here, are just so calles "offshore resellers". It means, they are just reselling a services of someone else. If you will use their service, they will be a middle man in every single legal problewm, which ylu will need to solve. They call them "Offshore service providers". But they are "Offshore service resellers". Be carefull when talking to companies who are just a resellers.

Do you have a gambling license in Canada to have sportsbook/casino yet? Or are you looking for someone who is able to help you create structure with reasonable licensing?

Canadian law does not allow any foreign companies (Only exemption are some US companies) to market nor make any kind of betting or gambling business with canadian residents. Sure, there is no way how they can technicaly to prevent foreign companies to make such business in Canada if directing persons has no other connection in Canada. Canadian authorities does not care about your business if you are accepting customers from Canada, but if you do not market your business actively in Canada. There is a very thin line between legal and illegal seupt of structure and all activities. The differences are in some small details only.

The offshore resellers, who has absolutely no legal background and no legal education in USA or Canada, has absolutely no chance to create strusture will will be absolutely bullet proof. So, be aware of them.

Having an offshore gambling company in offshore jurisdiction, but living in Canada, directing this company in Canada, having a betting customers from Canada - the only way how to handle this is to obtain a citizenship and/or residenc epermit in some other country and create very sophisticated structure. Repatriation funds to the Canada can be done not directly. There has to be created a structure, where Canadian authorities will see some clean money coming from "respected" country like USA, UK, Singapore..

Banking structure is something that can break your neck.

The most of offshore service resellers will just try to sell you what they call "bank introduction service". It means, they will just resend your documents to some of the banks, from which they receive commisions.

The only way how to create a complex banking structure is to have a lawyer with a direct contacts in a bank. This will allow you to structure accounts and services properly. Which of this "resellers" will travel with you to the bank and negotiate a specific conditions with the banks? None.

I believe, this post will be here just some short time. This "offshore resellers" are sponsors of this forum. I believe, Admin will delete this post very fast. Although, what I wrote is a clear truth.

I know, what I write about. I am lawyer. And I am in offshore business for 17 years. I had to help a many people, who just used a services of "Offshore service providers", who are resellers of someone else services, only. Using services of this resellers in so complex case as yours looks to be is a direct one way ticket to the prison.

I feel it is important to add some context to the above comment so that the enquirer is fully informed.

It is true that offshore corporate service providers generally in some way re-sell services, but most are also actual service providers themselves, just in a limited number of jurisdictions. The situation is not quite as simple as is portrayed. For example a service provider located in Seychelles will often be licensed in this location and may also hold licenses in other locations too. Similarly a UK provider may hold licenses in various countries and have staff and expertise in those locations. Likewise the use of lawyers in country is possible, but those lawyers most often use a local service provider to incorporate. In some cases the lawyer will hold a licence, but this is not always the case.

In terms of banking arrangement. I agree that it would be ideal for a client to travel to a banks location and attend in person with their representative who holds a relationship with the bank. This in most cases is not possible, nor necessary although this depends on the bank being applied to. In some cases banks want personal visits and if a representative exists locally and the client wishes to travel, then this is a great way to complete the process. If the bank do not want a personal visit from an applicant, then generally trying to do so makes them step out of their normal procedure and can in fact be detrimental to the application process. I think it is also unfair to suggest that no more than a simple banking introduction exists. Yes this is the case with some providers, but others will offer more of a service.

I think a better way to approach any service is to make enquiries of many providers, be that corporate service providers, lawyers, accountants both local and internationally, even banks in some cases offer corporate services. By making enquiries you will get a feeling for who suits your requirements best and can make a more informed decision about who you should work with. You should of course take advice and check that advice to ensure what is being suggested is legal, but to suggest that only a lawyer can do this in country is not correct. The suggestion that using corporate service providers who will all re-sell in one way or another at some point is a one way ticket to prison is extremely unfair.