Hi everyone!
I tried to search the forum as not to ask a often repeated question but I didn't find the answer.
I have a few questions.
Context: I work in HR consulting and invoice my clients up until now in my personal name into a Wise account where I then transfer some funds to my territorial tax system home country and some into an external trading/savings account (so payment processing for many clients and goods and services is not an issue).
I would like to set up a foreign company now as I anticipate my income rising drastically next year and start invoicing under the IBC, and then pay myself in either a salary or dividents to the territorial home country and keep the majority of the funds in the IBC where home country as no access or interest in.
My concern are:
The business I consult for are in Germany - will them receiving consulting invoices from a company from Nevis for example cause problems for them or me?
What is the best IBC to choose in this case? I am leaning towards Nevis but it's hard to really know for sure based on online information?
I keep seeing people say good luck finding a bank account and then these shelf IBC companies saying they will open a bank account with the IBC. What is this all about?
I need a corporate account to get paid in, and I'd even be happy having a personal account in Nevis and getting my personal payments there or using Wise to pay myself from the IBC Corporate to a Personal account in home country - is this usually problematic?
Any help is appreciated, finding lawyers to speak with is hard and I find they often say whatever you want to hear so you'll incorporate through them!
I tried to search the forum as not to ask a often repeated question but I didn't find the answer.
I have a few questions.
Context: I work in HR consulting and invoice my clients up until now in my personal name into a Wise account where I then transfer some funds to my territorial tax system home country and some into an external trading/savings account (so payment processing for many clients and goods and services is not an issue).
I would like to set up a foreign company now as I anticipate my income rising drastically next year and start invoicing under the IBC, and then pay myself in either a salary or dividents to the territorial home country and keep the majority of the funds in the IBC where home country as no access or interest in.
My concern are:
The business I consult for are in Germany - will them receiving consulting invoices from a company from Nevis for example cause problems for them or me?
What is the best IBC to choose in this case? I am leaning towards Nevis but it's hard to really know for sure based on online information?
I keep seeing people say good luck finding a bank account and then these shelf IBC companies saying they will open a bank account with the IBC. What is this all about?
I need a corporate account to get paid in, and I'd even be happy having a personal account in Nevis and getting my personal payments there or using Wise to pay myself from the IBC Corporate to a Personal account in home country - is this usually problematic?
Any help is appreciated, finding lawyers to speak with is hard and I find they often say whatever you want to hear so you'll incorporate through them!