Money making online by using Offshore company as entity?

[lavel]

I need to know for a friend of mine if a small Internet business doing some small money online (aprox £3000 - 5000 / month) would benefit from forming a offshore company either in the Seychelles or Cyprus?


What bank account would you recommend him to open? Offshore / onshore?

 

[andreas]

Did you friend asked his payment processor or affiliate program to which country restrictions they may have? there you will have your answer maybe.

 

[JohnLocke]

Would say the same. IF he is using affiliate programs like click bank then they accept a Seychelles company so I would look into the options of incorporating such an entity.

 

[curious]

Seychelles company for money making programs are seen many times before. Also for these silly ponzy scheme investment programs.

 

[yves]

Wouldn't a UK company not work perfectly for this as well? It's only £1.

 

[bugeja]

Wouldn't a UK company not work perfectly for this as well? It's only £1.

But then you have to do accounting and tax reporting! You don't need that with a real offshore company.

 

[lavel]

UK is fine, problem is accounting and tax reporting... I found a solution to use a Seychelles corp.