Question What are cheapest offshores for small bussines?

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ijdl

New member
Hi
I have small software development bussines (basically only me).
What are cheap (ideally around 1k) offshore jurisdiction that met the following criteria:
- Zero income & dividend tax
- Director and shareholder can be one person
- IBC/company can buy crypto as investment
- No report or audit required
- IBC can accept crypto (USDT) as payments (or there is a way to open EMI or bank acc)
- Confidentiality not required
- Jurisdiction can be in blacklists, doesnt really matter
- Preferably not in EU
 

Jerry1911

Entrepreneur
You do realise that the company will be tax resident in your home country?

Furthermore USDT is completely traceable and authorities are already using services of Ciphertrace and such. And CRS will soon cover VASPs so your business account at a crypto exchange will get reported, just like a bank/EMI account.

Finally, having a company in one of those jurisdictions will be totally useless as your invoices won't be accepted by tax authorities of high tax first world countries, which I assume is where your clients come from.
 
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ijdl

New member
You do realise that the company will be tax resident in your home country?

Furthermore USDT is completely traceable and authorities are already using services of Ciphertrace and such. And CRS will soon cover VASPs so your business account at a crypto exchange will get reported, just like a bank/EMI account.

Finally, having a company in one of those jurisdictions will be totally useless as your invoices won't be accepted by tax authorities of high tax first world countries, which I assume is where your clients come from.
My clients are totally ok with paying crypto or fiat to offshore company (and in fact they have offshore companies too).
And thats the point my company should be tax resident in offshore jurisdiction, so I only pay personal income tax.
 

bizman

Corporate Services
Mentor Group Gold
Well guess I can go full crypto then
yeah I notice some agents started to fool people with that sentences. You can't run a business if you don't have cash i.e. USD / EUR / GBP - sooner or later you will face trouble either when you need to pay someone or that someone has to pay you.

I tell you, it sucks.
 

ijdl

New member
My business is only providing SW development services and clients are ok with paying in crypto. And local crypto exchanges also exists. So its possible to run business in crypto, at least for my case.
 
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