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open an offshore company

the best location to open an offshore account for online business?


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mariah

New member
hey, i really get confuse how to open an offshore account, there are a lot of companies that offer all the services but im not sure if they are reliable and not fake.

i have an online business that i start few month ago in the UK, but now i extend in other countries- like Singapore and Spain, and for that i want to have offshore account with multi currency in tax haven country that no require annual report.

my need are:
  • Open a limited company in tax haven.
  • Multi currency account
  • Offshore account in 0% tax jurisdiction, no annual report and 0% Corporate tax
  • Privacy at a minimum no public companies register
the closest that i find is Belize.

my question is what is the best location and way to do it?

thanks in advance,
 

Admin

Forum Moderator
Staff member
Belize could work indeed. But for online business I would look into some European country in order to be able to get a merchant account or some payment processing.
 

Admin

Forum Moderator
Staff member
I have a quite similar situation for IT company providing VPN service. do you think Cypurs company with Cypurs bank account will work? i need received the money from paypal and apple store.
This will work as well as UK company and UK bank account or other places in Europe.

It depends on what it is you are looking for, tax reduction, privacy or something else!
 

mosonman

New member
This will work as well as UK company and UK bank account or other places in Europe.

It depends on what it is you are looking for, tax reduction, privacy or something else!
I did research for Cypurs company, my main concern is privacy, and then the accounting & tax reduction. Some HK agent offer me a Seychelles company with Cypurs bank account, to be honst I am worry about that paypal will refuse my application in this case. do you have any experince regarding Paypal application?
 

mariah

New member
thanks for the fast answers. my business is not really internet company it's more leads provider of construction services like, handyman, plumber services.. so now i send invoices to my clients- from STRIPE so they can pay by card or bank transfer i don't use merchant account it's not E-SHOP. I find that 2checkout provide service in Belize so if I can send invoices to my clients with the option to pay by card, you still recommend me in a European country? my goal is to minimize the tax and to receive money the simplest way all over the world.
 

diablo

BANNED MEMBER
As far as I know 2co does not support Belize companies at all nor Seychelles. Only EU entities and a few offshore jurisdictions which I don't remember.

So if privacy matters a Cyprus company may be what you looking at.
 

hiju

Mentor Group Gold
hey, i really get confuse how to open an offshore account, there are a lot of companies that offer all the services but im not sure if they are reliable and not fake.

i have an online business that i start few month ago in the UK, but now i extend in other countries- like Singapore and Spain, and for that i want to have offshore account with multi currency in tax haven country that no require annual report.

my need are:
  • Open a limited company in tax haven.
  • Multi currency account
  • Offshore account in 0% tax jurisdiction, no annual report and 0% Corporate tax
  • Privacy at a minimum no public companies register
the closest that i find is Belize.

my question is what is the best location and way to do it?

thanks in advance,
very true Belize is one of the last jurisdictions left where UBO isn't public! Or you can appoint nominees to any other entity!
 

mariah

New member
I RECEIVE AN OFFER FROM A COMPANY- that offer me to open a company in Belize and a bank account in Cyprus- they explain me that a bank in Cyprus is very easy to manage and receive money than a bank in Belize,
and in Cyprus PayPal works, so i can receive money all over the world with no complication, what should i ask for this company to have a proof that they are legit?
 

negon

hannibal the cannibal
BANNED MEMBER
Wonder if you get better response if you have CAPS LOCK On -

hmmm, well, you would need to have the company and bank account in the same country otherwise PayPal will not work. It could work with 2co to also accept paypal payment's however they have the exact same requirement company + bank = same country.

Not sure if there is a work around for all of this or if there is another way of doing it.
 

mosonman

New member
Wonder if you get better response if you have CAPS LOCK On -

hmmm, well, you would need to have the company and bank account in the same country otherwise PayPal will not work. It could work with 2co to also accept paypal payment's however they have the exact same requirement company + bank = same country.

Not sure if there is a work around for all of this or if there is another way of doing it.
then is there any solution for those bank account to receive money from overseas credits cards? or anyone can offer a seychelles bank account for a low price.
 
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