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Originally Posted by Webby
Agree SG... There are two areas which prob need attention:-
(a) First is where Buzz is resident. Cover the laws re taxation there - no need for specifically offshore "advice" from there, but a total awareness of the local tax implications and about income sources from offshore corps.
(b) For offshore advice - do a face to face with offshore lawyers. There are many reputable lawyers on, for example, Gib (they can't afford to be otherwise - it's a small place), and better working thru a few there till you come to the right guy you can work with.
Easiest of the lot is dump all of the above and actually be resident offshore in a no-tax jurisdiction and operate as many corps as you like in whatever other jurisdictions. The prime and first consideration is ensuring your personal background is "clean" and clear of any claims of taxation elsewhere.
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Exactly I totally agree.....also don't just look at offshore you'll be suprised
how much non offshore places can be really interesting depending on where
you reside. For example my country The Netherlands is a tax nightmare for
residents and local companies.....however for foreign companies that setup
a Dutch company there are totally different rules. For certain foreign companies The Netherlands is more benefitial than going offshore.
Instead of asking a lawyer about an offshore solution you better explain
your situation and your goal.....then he will explain the best option. That
way you don't limit any options that you might not have thought about.
If you ask offshore than that's what he will explain....and nothing else.
Take your time with this and go over every aspect many times. Setting up
a structure is the easy and fast part.....deciding what to setup is far more
important and difficult than to form a company.
The last thing you want is an unpleasant suprise 3 years after you founded
and started your company.
