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BigFire

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#1

Offshore incorporating services

09-17-2007, 05:38 AM

Hello,

Can anybody recommend a good offshore incorporating service? Recently I contacted a couple companies but after I explained the nature of the business they mostly replied:

??.the content of the Website's that you support are against our compliance policies and procedures?.?

What?s the best country to go with? The company country should be in a country that can register at PaycomEU or CCBillEU and have a yearly tax fee, no accounting required.
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#2

09-17-2007, 06:25 AM

i can suggest digit-idea.com or pm me on my ICQ lets discuss it over the IM's

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BigFire

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#3

09-17-2007, 06:51 AM

Originally posted by Twoface31

i can suggest digit-idea.com or pm me on my ICQ lets discuss it over the IM's

I am not looking for outsourcing....
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#4

09-17-2007, 06:54 AM

Originally posted by BigFire

I am not looking for outsourcing....

lool at that spam

anyway, i know most banks dont like adult money, but why are these "offshore incorporation" companies having problems with establishing you an offshore company for your business?

thats strange

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#5

09-17-2007, 07:04 AM

What countries were these companies in??

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#6

09-17-2007, 07:08 AM

http://www.wsr.biz

dont have any experience with them, however they have been around for 5+ years.

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BigFire

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#7

09-17-2007, 10:12 AM

Originally posted by polish_aristocrat

lool at that spam

anyway, i know most banks dont like adult money, but why are these "offshore incorporation" companies having problems with establishing you an offshore company for your business?

thats strange

Yeah, I wonder about that too
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BigFire

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#8

09-17-2007, 10:12 AM

Originally posted by xato

http://www.wsr.biz

dont have any experience with them, however they have been around for 5+ years.

I tired them before but I don't have any good experience with them
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BigFire

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#9

09-17-2007, 10:33 AM

Originally posted by pornguy

What countries were these companies in??

The last one was from Isle of Man
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#10

09-17-2007, 10:38 AM

Iwebmasters.com Hands down best in the adult biz

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#11

09-17-2007, 10:45 AM

some posters in this thread are really dumb or a spambot
it's one or the other .
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polish_aristocrat

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#12

09-17-2007, 10:59 AM

Originally posted by BigFire

I tired them before but I don't have any good experience with them

could you elaborate a little on that?

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#13

09-17-2007, 01:21 PM

Originally posted by polish_aristocrat

could you elaborate a little on that?

what he said.
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#14

09-17-2007, 02:12 PM

Google "sovereign management" and tell them that I sent you. ;-)
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BigFire

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#15

09-18-2007, 06:59 AM

Originally posted by polish_aristocrat

could you elaborate a little on that?

The support is very bad, answers on support emails are all copy/paste from pre-made text and you never get an exact reply on your question. After spending months and months on having the bank account opened the bank replied they don?t accept companies that trade over the internet, after that they send me a contact info of a bank that resists in the occupied area of Cyprus and after doing some research over the net this bank is listed like an illegal bank and I don?t want to keep money there.
In other cases after I picked the country they asked for a business plan and tons of documents that they said isn?t needed than I asked before?.
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BigFire

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#16

09-18-2007, 07:03 AM

Originally posted by Z

Google "sovereign management" and tell them that I sent you. ;-)

I just checked them but they don't register any countries accpeted by Paycom EU
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BigFire

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#17

09-18-2007, 07:04 AM

Originally posted by BigFire

.....the bank replied they don?t accept companies that trade over the internet?.

Just for your info that was Barclays
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#18

09-18-2007, 07:49 AM

speak to [email protected]

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#19

09-18-2007, 08:29 AM

Originally posted by webair

speak to [email protected]

Thank you Webair!
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#20

09-18-2007, 08:36 AM

Originally posted by BigFire

Hello,

Can anybody recommend a good offshore incorporating service? Recently I contacted a couple companies but after I explained the nature of the business they mostly replied:

??.the content of the Website's that you support are against our compliance policies and procedures?.?

What?s the best country to go with? The company country should be in a country that can register at PaycomEU or CCBillEU and have a yearly tax fee, no accounting required.

I'm not sure if there is any PaycomEU/CCBillEU accepted jurisidiction that doesn't require accounting from its corporations. Gibraltar used to be the ticket but their offshore corporations are on the way out. Cyprus also has taxation requirements in addition to accounting. And the other classic EU offshore jurisdictions, such as Jersey, Guerney, Isle of Man, etc require accounting.

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GreyWolf

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#21

09-18-2007, 08:49 AM

Originally posted by BigFire

The last one was from Isle of Man

Sounds like you are dealing with what are cynically known as "professionals" - usually with corp offices in different jurisdictions and not really interested in corp formation, but more in wiping your ass professionally for ongoing monthly fees Not all, but a fair number of these companies are little more than leeches.

What?s the best country to go with? The company country should be in a country that can register at PaycomEU or CCBillEU and have a yearly tax fee, no accounting required.

The "best country" depends on where you personally are resident - this has meaning down the line.

If you are intent on dealing with Paycom/CCBill in the EU, that narrows down the options and there would normally be a need for a corp presence somewhere in the EU. Unfortunately, there are accounting requirements in all "offshore" corps in the EU, tho understand what you mean - there are plenty scenario's where there is no need for formal accounting.
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BigFire

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#22

09-18-2007, 08:55 AM

[QUOTE=jalami;13104934

Gibraltar used to be the ticket but their offshore corporations are on the way out.

[/QUOTE]

Would you please explain?
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#23

09-18-2007, 09:04 AM

BigFire:

OK.. Will try to be constructive, tho it all depends on your background/current residency/citizenship and what you want to achieve in the end.

First, the Isle of Man, Channel Isles etc are not really "offshore" jurisdictions. They ceased to be about a decade ago, but still can offer an element of lower taxation etc.

It may be an option to select a jurisdiction offering most of what you are looking for and then proceed to set up a corp structure. This normally has at least two, or possibly more corps involved and in different jurisdictions.

Off the cuff - an instant thought would be to have a Gibraltar corp which is owned by a Panama corp. Times are changing in Gib, but with the correct tools in place, this makes little difference when you have "facilities" to play with. Basically the Gib corp never earns any profits (other than basic 10% stuff and little or no tax) - the profits are transferred to your Panama corp by inviocing the Gib corp and in Panama there is no taxation applicable or any accounting requirements.

Last edited by GreyWolf; 09-18-2007, 09:07 AM.
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#24

09-18-2007, 09:26 AM

Originally posted by GreyWolf

BigFire:
Off the cuff - an instant thought would be to have a Gibraltar corp which is owned by a Panama corp. Times are changing in Gib, but with the correct tools in place, this makes little difference when you have "facilities" to play with. Basically the Gib corp never earns any profits (other than basic 10% stuff and little or no tax) - the profits are transferred to your Panama corp by inviocing the Gib corp and in Panama there is no taxation applicable or any accounting requirements.

That sounds good, but why waste time with a Gibraltar corp in that setup? You could have a UK corporation, with European directors, that has the merchant account, and then transfer the profits to the Panama corp. Or better yet, if the merchant account provider allows, you could have the settlements sent directly to a Panamanian bank.

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#25

09-18-2007, 09:34 AM

Originally posted by BigFire

The support is very bad, answers on support emails are all copy/paste from pre-made text and you never get an exact reply on your question. After spending months and months on having the bank account opened the bank replied they don?t accept companies that trade over the internet, after that they send me a contact info of a bank that resists in the occupied area of Cyprus and after doing some research over the net this bank is listed like an illegal bank and I don?t want to keep money there.
In other cases after I picked the country they asked for a business plan and tons of documents that they said isn?t needed than I asked before?.

ok that speaks volumes about them, thx for the warning

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polish_aristocrat

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#26

09-18-2007, 09:38 AM

Originally posted by BigFire

Just for your info that was Barclays

Barclays offshore (as in Jersye, Isle of Man or Guernsey) - they dont accept web companies at all? or only adult?

if the second, then its understood, but it seems strange that a bank has a real rule about not accepting web stuff, although from my observation it can happen indeed, but its strange nevertheless

btw can you tell me what companies like this one are doign exactly? are you sending the docs, such as notarised passport copies, bank references if applicable etc - to them and then they send it to the bank?

also, you were declined by Barclays but you didnt have an offshore company yet? or were you applying for a personal account at that time?

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GreyWolf

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#27

09-18-2007, 10:54 AM

Originally posted by jalami

That sounds good, but why waste time with a Gibraltar corp in that setup? You could have a UK corporation, with European directors, that has the merchant account, and then transfer the profits to the Panama corp. Or better yet, if the merchant account provider allows, you could have the settlements sent directly to a Panamanian bank.

Agree - could use a UK corp jalami. A non resident UK corp is obviously cheaper on setup and could have the same effect - especially if the beneficial owner is "clean" and not bogged down with taxation rules/obligations wherever they reside. If there is a need for a degree of privacy - it's probably better hitting back to a Gib-type scenario.

This stuff really depends on what nationality/residency the principals or beneficiaries have, what personal obligations exist under their tax laws blah blah.

The simplest scenario of all is to be resident offshore - this keeps everything "legal" and you can play with almost any OS or multi-corp structure in whatever jurisdictions. Under that situation, there is nothing to hide and really no need for stuff like nominee dirs etc. (tho they still can have their uses). Been doing this for many years now and sure saves time on form-filling and a tax-free scenario which also cuts out all related paperwork. It's nice to concentrate on doing actual biz than wasting time being unpaid clerks to a revenue agency.
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#28

09-18-2007, 12:00 PM

Without further do, mail at [email protected]

One of my best friends should be able to help you out.

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#29

09-18-2007, 12:08 PM

I know one reliable company that know everything about this stuff and that can help you out. Hit me up and I will give you the address.
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BigFire

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#30

09-18-2007, 11:07 PM

Originally posted by GreyWolf

BigFire:

OK.. Will try to be constructive, tho it all depends on your background/current residency/citizenship and what you want to achieve in the end.

First, the Isle of Man, Channel Isles etc are not really "offshore" jurisdictions. They ceased to be about a decade ago, but still can offer an element of lower taxation etc.

It may be an option to select a jurisdiction offering most of what you are looking for and then proceed to set up a corp structure. This normally has at least two, or possibly more corps involved and in different jurisdictions.

Off the cuff - an instant thought would be to have a Gibraltar corp which is owned by a Panama corp. Times are changing in Gib, but with the correct tools in place, this makes little difference when you have "facilities" to play with. Basically the Gib corp never earns any profits (other than basic 10% stuff and little or no tax) - the profits are transferred to your Panama corp by inviocing the Gib corp and in Panama there is no taxation applicable or any accounting requirements.

Thanks GreyWolf, I have a question about this part:

>Basically the Gib corp never earns any profits (other than basic 10% stuff and little or no tax) - the profits are transferred to your Panama corp by inviocing the Gib corp and in Panama there is no taxation applicable or any accounting requirements

How should I handle that? It sounds very simple but I don't get exactly the point what to do with the invoices.

>Times are changing in Gib
Does that apply for non-resident Gibraltar companies too?
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BigFire

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#31

09-18-2007, 11:12 PM

Originally posted by polish_aristocrat

Barclays offshore (as in Jersye, Isle of Man or Guernsey) - they dont accept web companies at all? or only adult?

if the second, then its understood, but it seems strange that a bank has a real rule about not accepting web stuff, although from my observation it can happen indeed, but its strange nevertheless

Their deny was for internet trading in general

Originally posted by polish_aristocrat

btw can you tell me what companies like this one are doign exactly? are you sending the docs, such as notarised passport copies, bank references if applicable etc - to them and then they send it to the bank?

They send you the documents and review it, after the documents are filled out correctly and you have all the needed additional documents they give you the bank address to send the documents directly to.

Originally posted by polish_aristocrat

also, you were declined by Barclays but you didnt have an offshore company yet? or were you applying for a personal account at that time?

The offshore company was created and the account was for it
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#32

09-19-2007, 03:20 AM

so in other words you have established an offshore corp which you cant use now and still didnt get a bank account?

if you got a bank, you can email me (email in sig) to tell what bank you got if you dont mind

good luck to you

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