Recent content by electric

Hello, In response to a proposed offshore plan, I received this reply: (For clarification, my country is one of the largest EU countries.) I have tried to comprehend how double-taxation laws work, but I am even more confused now. Is there an idiots explanation or "explain like I'm five"...

Please tell me if you think this offshore structure will work. My goal is to try and avoid paying corporate taxes for my business. (My company does search engine optimization and web design. About $500k/year revenue.) I live in the EU. I register an IBC in Seychelles. (I do not use...

How would they find out the documents are fake? I actually spoke with a friend who works in the Canadian embassy in the city where I live, and she told me that it is impossible for any foreign (non USA) company or person to obtain information from them. In other words, Offshore Bank in Belize...

My goal is to create an offshore company with an offshore bank account that has true anonymity from my government, and no direct tie to me personally. (NOTE - I am not planning to do any very bad business such as drugs or money laundering or things like that. I actually have a legitimate...

Yes, I'm also curious as to what changes you are considering as necessary.

For the people who don't understand what that means... can you explain in more detail. what it means to "make sure of the double treaty"? Thanks!

Where is the money coming from? Your home country or somewhere else?

I'm just curious of the original poster decided on an offshore structure, and is willing to share what he decided?

Just keep in mind that ultimately... if you want to have a bank account associated with your offshore scheme, you will need someone to sign for it. If you are from north America or EU, then your home country is probably smart enough to go directly to the bank to ask for information. They'll...

If your local country starts an audit on you, and they discover your offshore company.... they will try to contact the bank for more information. Otherwise, they will have no idea how much money your company has processed except to guess. The problem is that they might guess very high, and...

I'm curious why you created an HK company that is owns a Seychelles company. Which one do you use for day-to-day operations and accepting payments from customers? (I'm asking because normally I think it is the other way around, where the HK company is owned by the Seychelles company, in order...

Can you (or someone who has purchased this) post the fees for the bank account? Minimum balance? In/out wire fees? ATM withdrawal fees? I understand true anonymity costs $$, but I'm not interested in an account that costs me 5% currency conversion plus 10% service fee to withdraw from an...