BlueBird67
Newbie
- Feb 5, 2014
- 11
- 0
This is a hard one, I hope someone has the answers I am looking for.
about two years ago I started an affiliate business and in the last few months my business grew exponentially. I am now facing an average of %45 taxes in my home country Israel and I feel like I am doing something wrong. I know that many of the partners who send me money every month are registered as an offshore company, in various locations, BVI, Montenegro, Scheychelles and various places around the world while their actual location is n other countries where the taxes are higher..
My question, as an affiliate where and how do I go about registering my business as an offshore company, do I use these websites who offer the incorporation service? I also don't understand the process of how can one use the money made by the offshore company without wiring the money back to the personal account? obviously to avoid the high local taxation...I am wondering if someone can layout the entire process or at least the basics of how to do it.
It seems like I would need to decide on a country with low taxes and another country where I keep the company's bank account, is this correct?
I am wondering if there is a solid way to do this without any risk or doing something against the law, I know that big companies like Apple and even Starbucks are doing this, and also many of my partners are incorporated offshore as I mentioned, so my conclusion is that I am doing something wrong by having my affiliate business registered locally under my name and all the money is wired back to my personal account.
I know that this forum has many affiliates and super affiliates on it posting comments, so if anyone is willing to take a few moments and help me out with this, that'll be really awesome.
Thank you very much,
BlueBird Affiliate
about two years ago I started an affiliate business and in the last few months my business grew exponentially. I am now facing an average of %45 taxes in my home country Israel and I feel like I am doing something wrong. I know that many of the partners who send me money every month are registered as an offshore company, in various locations, BVI, Montenegro, Scheychelles and various places around the world while their actual location is n other countries where the taxes are higher..
My question, as an affiliate where and how do I go about registering my business as an offshore company, do I use these websites who offer the incorporation service? I also don't understand the process of how can one use the money made by the offshore company without wiring the money back to the personal account? obviously to avoid the high local taxation...I am wondering if someone can layout the entire process or at least the basics of how to do it.
It seems like I would need to decide on a country with low taxes and another country where I keep the company's bank account, is this correct?
I am wondering if there is a solid way to do this without any risk or doing something against the law, I know that big companies like Apple and even Starbucks are doing this, and also many of my partners are incorporated offshore as I mentioned, so my conclusion is that I am doing something wrong by having my affiliate business registered locally under my name and all the money is wired back to my personal account.
I know that this forum has many affiliates and super affiliates on it posting comments, so if anyone is willing to take a few moments and help me out with this, that'll be really awesome.
Thank you very much,
BlueBird Affiliate