New on LowEndTalk? Please Register and read our Community Rules.
All new Registrations are manually reviewed and approved, so a short delay after registration may occur before your account becomes active.
All new Registrations are manually reviewed and approved, so a short delay after registration may occur before your account becomes active.
Comments
wow really?
Wyoming is popular and one of the cheapest to set up, also extremely low corporate tax but be aware of UBO FINCEN requirements, EIN and IRS filing (which reduces most of the benefits of the formation). Seychelles is not so cheap but has different strengths etc. OffshoreCorpTalk might be helpful.
It depends on your circumstance and goals: most use them to reduce tax liabilities or workaround being charged VAT and similar. Depending on your residency status there are different double taxation laws and pass throughs - so it is worth doing some research or enlisting the help of a professional.
A badly considered formation can cost you a lot more than saving a few dollars.
Seychelles is not an option, not one normal company does want to do bussines with you. I also don't understand what you meann with: which reduces most of the benefits of the formation). What benefits? Is it not normal to do tax filling for your business. I think In Wayoming and Delaware there is no corporate income tax so you just need to file it and you have to pay nothing, so let's talk hypetatical you leave Al the money in your LLC you wil not be taxed. And your bussines have to pay 0 income tax. So what is there to be careful about ?
Well...
IPVolume (past probably?)
Novogara
Disagrees with you.
Would never buy anything from this company, They also have a dutch entity so probably they invoice themself to avoid paying corporate income tax in the Netherlands. So if you just setup somewhere without corporate income tax you don't have to go through all these hoops. But try to invoice a company from your IBC it's gonna be funny
Only if you don't take cash from USA citizens and operate as a foreign LLC (zero substance in USA).
If you are taking USD from American clients and or operating in USA, the offshore benefits of a Wyoming do not apply. Every cent you take from USA has to be declared, even with a Wyoming. Research is advised.
You need to file who the UBO (ultimate beneficial owner) is so it isn't anonymous completely either. You will not be taxed on the profits if criteria met but you will pay personal tax when you transfer that cash to your accounts. Or you may buy property or other assets but without experience, you'll likely get investigated. If you're using it as an offshore company, you aren't registered in Wyoming for personal tax so that is irrelevant. The only relevant part is the low corporate tax.
InternetBS are successful with Seychelles formation. Hedge funds are successful with Cayman Islands. It depends on use case.
Yes exactly but for a simple webhost company it's not a good solution , but like you say it depends on were your reside how much tax you pay (or become a perpetual travaler), as a USA citizen you can also setup an Limited in europe. Also why would I want to be anonymous, that's more reason to not do bussines with a company, it's only nice to have a Seychelles company if you have a 6 figure income, want to hide your identity from the irs and invoice yourself otherwise complete waste of money and time not worth the hassle.
ITs all good here in Slovenia
okay!
p.s: also I need to submit docs(documents) to goverment If I host some forums too....
https://enterslice.com/isp-license-in-india
Have you gone through the Internet law that governs duties of isp for customer KYC and logging practices.
One can be doing everything by the book, but still can be situation “being on wrong place at wrong time”
Refer here for so called “minimal paperwork”. It is anything but minimal.
https://enterslice.com/isp-license-in-india
Until the early 2000s if I'm not mistaken registering a domain name in Italy required sending paperwork to some government department, pay a duty and get the approval. For hosting I'm not sure if there have ever been special legal requirements.
I have a couple of .it domains yes you need to enter your passport number and personal number that's it you don't have to send Fotos or something
Probably soon.
Seriously? Is this true but ? Because getting approval from Ministry of Internal Affairs and Communications seems like a bit of a stretch. Why so much Red Tape just for a hosting provider?