Company registration

Wannsong

Wannsong

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Jun 11, 2017
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Hello IM ninjas!
I've been looking lately to register company in different country than mine (main concern - taxes). I've read about many countries such as - Bahamas, Cayman Islands, Isle of Man which all have their pros and cons.
I guess some of you had the same dilemma, maybe if someone can share his 2 cents on this topic, I will be very thankful!
Where did you register your companies? Was the registration hard, what was the cost of money and time? Are you happy with your choice?
 
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Money laundering to avoid paying taxes is most likely illegal in every country. I don’t think anyone is going to publicly disclose this info lol
 
Jawnwalrus said:
Money laundering to avoid paying taxes is most likely illegal in every country. I don’t think anyone is going to publicly disclose this info lol
Click to expand...
I don't know where you saw question about money laundering. I see nothing wrong to open company in different country and pay taxes there completely legally.
 
In my opinion the tax havens have too much negative attention, so unless you are Amazon sized, the possibility of legally paying 0% is not worth the hassle, Amazon is registered in Luxemburg, if I were you I would register in a "business friendly" country that has a low tax rate and low costs for office renting, pay the tax and then you don´t have to hide from anyone, Bulgaria for example.
 
Wannsong said:
Hello IM ninjas!
I've been looking lately to register company in different country than mine (main concern - taxes). I've read about many countries such as - Bahamas, Cayman Islands, Isle of Man which all have their pros and cons.
I guess some of you had the same dilemma, maybe if someone can share his 2 cents on this topic, I will be very thankful!
Where did you register your companies? Was the registration hard, what was the cost of money and time? Are you happy with your choice?
Click to expand...
There is another fantastic option for you. Open a charity owned by the business. Invest money from the business directly into the 501(c)3 charity. Then when it is time to file taxes, you can write off all those donations. Plus with your tax-exempt status, you can purchase high-end non-luxury products without paying tax. Your business will get notoriety for the charity work as well and everyone, including the community, wins!
 
Two great posts. Depending how big your financial situation is, charity could make sense. Otherwise, there's a saying that's been going around since the Panama papers: onshore is the new offshore. There's lots of loopholes you can make use of while still staying tax compliant. If you're personally able to relocate and minimise/eliminate your business activity on the ground yourself, then yes you can have some significant tax advantages. Otherwise you're looking for a world of hurt just by registering an "offshore" entity and expecting it will solve your conundrum.
 
I'm not sure where you saw the money laundering issue. I don't see anything improper with forming a corporation in a foreign nation and paying taxes there legitimately. But if you're thinking about starting a business in Dubai, you're in luck...
 
Dubai and the Emirates is a top destination to consider.
 
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