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Old 12-08-2007, 03:22 AM   #1 (permalink)
Globofun
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Offshore corporation

I'm meeting my lawyer next week in regard of getting an offshore corporation, and I just do not know where it will be, but I would really like to have my corporation in a nice country where I could buy myself a nice condo, so that when I retire, I can be in that country 6 months a year!

Do some of you guys have offshore corporations?

Bahamas, Cayman Islands, St.Kitts, Dominica, Turk and Caicos, Belize.....or maybe Panama....I would love to have something close to a beach!
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Old 12-08-2007, 03:26 AM   #2 (permalink)
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Hell man I'm not even close to having enough cash flow to do that.
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Old 12-08-2007, 03:34 AM   #3 (permalink)
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I guess you should hit my sig, and do like me..........and make NO MONEY!
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Old 12-08-2007, 04:50 AM   #4 (permalink)
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Come out to the beach here!!!!

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Old 12-08-2007, 04:52 AM   #5 (permalink)
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The Bahamas for sure.

No personal or corporate income tax, no capital gains tax, no gift, estate or inheritance tax

http://www.rbcprivatebanking.com/bah...reference.html
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Old 12-08-2007, 04:56 AM   #6 (permalink)
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Quote:
Originally Posted by ScreaM
The Bahamas for sure.

No personal or corporate income tax, no capital gains tax, no gift, estate or inheritance tax

http://www.rbcprivatebanking.com/bah...reference.html
Many Carribean islands have this ... including Jamaica.

Mick Jagger, Keith Richards, Johnny Cash, Snow, and many other celebs own land and investments in Jamaica for this reason ..

You really need to do your homework and find out which offers you the best for what you want to do ...
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Old 12-08-2007, 05:00 AM   #7 (permalink)
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Quote:
Originally Posted by facialfreak
Many Carribean islands have this ... including Jamaica.

Mick Jagger, Keith Richards, Johnny Cash, Snow, and many other celebs own land and investments in Jamaica for this reason ..

You really need to do your homework and find out which offers you the best for what you want to do ...
Yep. Even The Seychelles is a great place for offshore business.

http://www.lowtax.net/lowtax/html/jsyoltr.html
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Old 12-08-2007, 07:31 AM   #8 (permalink)
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i have a belize IBC and i can recommend that, it's very easy and inexpensive to set up. have never been there yet but one day i'll go check out the beaches there
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Old 12-08-2007, 07:38 AM   #9 (permalink)
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How much does it cost to have that setup?
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Old 12-08-2007, 07:42 AM   #10 (permalink)
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less than 1k dollars
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Old 12-08-2007, 12:27 PM   #11 (permalink)
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I was looking at the islands that have canadian bank branches.

I have no clue about all this, but if I could have my corporation, a bank I trust, and being able to buy real estate in the same country.......that would be great!

I read things that you cannot have the corporation to own real estate in most if not all places?
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Old 12-08-2007, 12:32 PM   #12 (permalink)
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Quote:
or maybe Panama....
Did you watch Prison Break? Don't go there, or you can be jailed in SONA
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Old 12-08-2007, 12:41 PM   #13 (permalink)
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Panama's laws have changed recently, used to be that you didn't get taxed except for local panamanian business (so eBiz was tax free)... now apparently though the laws have changed so you will get taxed no matter what.

Cayman Islands from what I've read seem great... high degree of banking privacy (country laws that hold this standard), lots of different banks and options, and its a tropical paradise too :P Not sure about real estate costs or how much it costs to set up accounts though...
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Old 12-08-2007, 12:45 PM   #14 (permalink)
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I suggest Belize
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Old 12-08-2007, 12:53 PM   #15 (permalink)
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Belize sounds good!

I like the fact that it is so close to Cancun!

Maybe doing my biz in Belize, and have real estate in Mexico would do it!
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Old 12-08-2007, 12:58 PM   #16 (permalink)
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you would probably have to sort an account elsewhere tho I doubt Belize banks allow adult.
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Old 12-08-2007, 01:00 PM   #17 (permalink)
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Quote:
Originally Posted by TDFcash
you would probably have to sort an account elsewhere tho I doubt Belize banks allow adult.
How do they know about where the money is from?

You get a wire.......no adult in a bank transfer, if it's from a legit company I just do not see the problem!

Maybe I should go with a canadian bank with offshore operations then!
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Old 12-08-2007, 01:03 PM   #18 (permalink)
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Yeh good point, id not want to risk it in case tho
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Old 12-08-2007, 01:41 PM   #19 (permalink)
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How about Monaco, Switzerland or Luxemburg?
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Old 12-08-2007, 02:10 PM   #20 (permalink)
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Quote:
Originally Posted by rvince
How about Monaco, Switzerland or Luxemburg?
Too cold Vincent!

And I would believe it to be far more expensive............
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