Seeking advice on the best zero or low-tax jurisdiction for setting up an offshore company that offers IT consultancy services. Here's the specific context of the business model:
- The customers prefer to pay solely in cryptocurrency (BTC or stables) directly to the company wallets.
- The company doesn't plan to have any bank accounts.
- The company intends to distribute dividends to the shareholder in cryptocurrency.
- All the services are legitimate, and the customers are properly identified.
- Director would manage the company from a country without PE/CFC regulation and shareholder lives in a territorial tax jurisdiction, so PE and PIT are not concerns.
Given this setup, I have several questions:
- Which zero or low-tax jurisdictions would be best suited for this business model?
- Are there jurisdictions that allow accepting crypto payments directly without needing special licenses and local substance requirements?
- The company will handle accounting diligently and conduct regular audits to ensure proper documentation of money sources for the shareholder. How do auditors typically view businesses that operate exclusively with cryptocurrency transactions?
- In the future, if shareholder decide to deposit these dividends to a regulated crypto exchange or a bank account, would they accept funds that originated from such an entity as a legitimate SOF?
- The customers prefer to pay solely in cryptocurrency (BTC or stables) directly to the company wallets.
- The company doesn't plan to have any bank accounts.
- The company intends to distribute dividends to the shareholder in cryptocurrency.
- All the services are legitimate, and the customers are properly identified.
- Director would manage the company from a country without PE/CFC regulation and shareholder lives in a territorial tax jurisdiction, so PE and PIT are not concerns.
Given this setup, I have several questions:
- Which zero or low-tax jurisdictions would be best suited for this business model?
- Are there jurisdictions that allow accepting crypto payments directly without needing special licenses and local substance requirements?
- The company will handle accounting diligently and conduct regular audits to ensure proper documentation of money sources for the shareholder. How do auditors typically view businesses that operate exclusively with cryptocurrency transactions?
- In the future, if shareholder decide to deposit these dividends to a regulated crypto exchange or a bank account, would they accept funds that originated from such an entity as a legitimate SOF?
