Quote:
Originally Posted by nettrust
which country would you suggest for incorporation?
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Whee nettrust
That really depends on individual background to a degree and what ya want to achieve at the end of the day.
It may be worth having a look at Bahamas, Panama and Gibraltar. Cyprus is OK, tho there is an obligation to do some accounts filing (why bother when you don't have to waste time on this elsewhere?)
For "blocking" and "barriers" would prob suggest Panama. The pluses to Gib are that it is in the EU and can be useful in complying with VISA regs within the EU and processing.
Other bit worth mentioning - banking should be in a different jurisdiction to that where the corp is founded (and no reason not to have more than one banking account for any corp).
Fundamentally... even before mapping out a possible structure - it's a good idea to do a "self-analysis" of what is legally possible and trying to stay within whatever "home country" laws. It may be worth consideration to being resident offshore - by doing so, this kills one hell of a lot of legal obstacles and keeps everything above board. This is easy for the majority of countries - tho there are about four which are an exception - Lybia, US, Saudi and some "stan" country. If nationality is with any of these countries - there are ... kinda obstacles. Example.. if a person is a US citizen, sure there is an allowance of around $80K for foreign residency - but the whole concept of offshore kinda falls apart after that, - simply because there is a legal requirement to report all foreign income on an annual basis and this wipes the privacy element of offshore. Tho... there are probably methods where there is a gain, and still have this totally legitimate (tho seriously need a lawyer for this).
Unless you want processing... my gutty feeling is Panama is prob a good idea - mainly for confidentiality. But again... there could be a scenario where a Panama corp is the owner of a Gib corp which can alleviate a small about of taxation in Gib and where the profits are moved over to Panama where there is no taxation. There are plenty ways to skin a cat and keep everything legal