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Cheapest way / country to set up a company name? (for invoicing)

Discussion in 'Business & Tax Advice' started by SantaInThailand, Sep 4, 2015.

  1. SantaInThailand

    SantaInThailand Junior Member

    Aug 6, 2015
    Likes Received:
    Hey all,

    I'm looking for some advice on setting up a company, for the sole purpose of having a real company name to invoice with. I'm not earning much at all at the moment so I have no need for tax planning of any sort, but I would just need to establish some kind of a legit company name for creating real invoices.

    I provide a little marketing service for a company based in Thailand, who due to the local bureaucracy needs me to invoice them from a company. They cannot pay me as a salary, as I am not officially employed with them (a costly process for foreigners in Thailand). In case they pay it to me directly, they have to pay some kind of local tax on it, which is not employment tax.

    I have been looking at some offshore company set-up options; but costing at around $500-1000 per year they are not worth it for me yet at my current income. Any ideas or recommendations?

    In case I won't find an option soon, it's not a huge problem as my pay simply builds up and they can pay it all in one go when I find a solution. I'm currently trying to build an online income, so perhaps in the future it would make sense to set up an offshore business. However, if you guys know of any really affordable ways for this, please let me know.