Looking for a cheap, simple alternative to a Seychelles company

[Costas]

EMI provider blocked Seychelles entities. Need a low-cost, low-tax structure accepted by EMI/crypto.

Main use: receiving payments from a Cyprus company and sending payouts (same emi/crypto) to affiliates or as royalties, zero profit, all in, all out.

 

[daniels27]

If you have no profit, why does it need to be low tax then? Just take something without withholding taxes on royalties.
https://taxsummaries.pwc.com/quick-charts/withholding-tax-wht-rates

Bermuda, Cayman, Gibraltar, Channel Islands, Hungary, Liechtenstein, Luxemburg, Malta would probably work. Latvia and Netherlands probably too.

Depends a bit on the turnover as you may want to stay under the audit threshold to save money.

 

[JackofAllTrades]

EMI provider blocked Seychelles entities. Need a low-cost, low-tax structure accepted by EMI/crypto.

Main use: receiving payments from a Cyprus company and sending payouts (same emi/crypto) to affiliates or as royalties, zero profit, all in, all out.

EMI problem not a jurisdiction issue. Find a EMI that accepts Seychelles corps.

 

[Clearsky Network]

There are plenty of EMIs that accept Seychelles companies. For example, Payset, Fas finance, Payine etc... as long as the business is legit the jurisdiction is not an issue

 

[wellington]

Why not just use a card in your own name (crypto-> card) withdraw and deposit into company account, have a lawyer write a draft, and account for properly, and just put it down as regulatory issues for legitimate company.

 

[Costas]

EMI problem not a jurisdiction issue. Find a EMI that accepts Seychelles corps.

This one meets the industry standard and is required for qualification, so it's not a question of choosing an alternative — we specifically need this exact one.

That’s also why I’m looking for the cheapest offshore jurisdiction without mandatory accounting, just to handle payments.

 

[Costas]

Depends a bit on the turnover as you may want to stay under the audit threshold to save money.

Since it's only for settling payments — partly in crypto — I need a setup without accounting requirements or one that allows a zero balance. In a similar discussion, Belize and Nevis were mentioned as possible options.

 

[daniels27]

Since it's only for settling payments — partly in crypto — I need a setup without accounting requirements or one that allows a zero balance. In a similar discussion, Belize and Nevis were mentioned as possible options.

I am not sure if I understand properly. But then why not use a dormant UK Limited or a US LLC?

 

[Costas]

I am not sure if I understand properly. But then why not use a dormant UK Limited or a US LLC?

Because I’m not sure if the dormant setup is still a viable solution — I got used to it back in the day, but it seems like it’s no longer practical due to reporting requirements.

 

[JackofAllTrades]

If you want cheap that is US or UK, the offshore jurisdictions are not cheap and not necessarily private.

 

[Costas]

If you want cheap that is US or UK, the offshore jurisdictions are not cheap and not necessarily private.

I'm not looking for the cheapest option, but I also don’t believe in overpaying for “privacy.” In my opinion, everything should be reasonably priced and make sense.

 

[SoNewToAllShit]

There are plenty of EMIs that accept Seychelles companies. For example, Payset, Fas finance, Payine etc... as long as the business is legit the jurisdiction is not an issue

That's very good, I gave up on Seychelles corps because it was impossible for me to find a valid EMI, now I will try again.

Is there anything I need to be aware of when registering the company in SC ?

 

[drphantom]

Since it's only for settling payments — partly in crypto — I need a setup without accounting requirements or one that allows a zero balance. In a similar discussion, Belize and Nevis were mentioned as possible options.

In principle, there has always been a bookkeeping requirement in the Seychelles. A few years ago, the enforcement of this requirement was tightened, but in practice, you can just put together something basic and submit it if your CSP asks for it. Many people either ignore the requirement or have simply forgotten about it.