Any internet marketers with an offshore company?

still not legal. Yuo can't simply ,move money offshore and not pay tax on it LEGALLY. Check up on it.

Far as I know all personal income you get is taxable no matter where it came from. You can probably lower the business tax offshore but your personal income tax from that business will still be the same.

Don't trust me though, this is just my understanding and I really don't know where to get an "expert" about this.

A blind Trust in Nevis is the best I have found. A bit expensive to set up (around 1K), but depending on your income easily recoverable within a month or so. Benefit to a blind trust is, it is impossible for anyone to find out who owns the company. Warrants would have to be served to Nevis who doesn't recognize warrants from other countries. Beside, being a beautiful tropical island, makes a great write off vacation spot.

I have not set one up... yet, as I have not engaged in activities that I cared to hide and prefer to pay the tax (much less that 54% though). Last I checked, to have everything you'd need... address, fees, phone (calls transferred to your phone) it was running around $997 for non-Nevis citizens depending on the corporation you handled it through.

Their banking is equally confidential, as tight or tighter than the Swiss, who have lately been playing ball with Interpol lately. (not that that would be a factor). But if you ever wanted to play in the adult land without the neighbors knowing, it makes a great place for that kind of legal secrecy. A blind trust is pretty much secure no matter what country you put it in as anyone wanting to sue you would need to serve the warrant in the country of incorporation. Even doing in Canada or the US makes it difficult for anyone deciding to hit you with a frivolous lawsuit.

All I know about it, and through research, never decided to go that route. Most I ever did was an LLC in Nevada because that was and is the only US state that has not (yet) had a judge over rule the liability part of an LLC for a singly owned corporation.

Of course, the usual disclaimer applies... Not a lawyer, only know several, most in the copyright and trademark office or biz, as well as worked for one for 17 years. Do not attempt to do this at home without a trained professional present and never exceed the recommended dosage.

Mark

Hi BelgianGuy,

First off, honest disclosure: this post *is* somewhat self-serving in that I am working with a financial service provider in Switzerland specializing in offshore companies. With that said, I used to be an Internet Marketer (still am, really, just that I'm now doing online marketing for the aforementioned company) and spend a lot of time here on WF - hence how I came across this post.

Anyway, we specialize in Swiss trust companies - Switzerland, as you may know, is an offshore jurisdiction. Swiss trust companies operating outside of Switzerland - which is what you would be doing - enjoy so-called auxiliary status, which constitutes full tax exemption on income tax. Trust companies are further fully exempt from capital gain taxation (probably not very relevant to you now, but should you ever decide to dabble in trading, it would certainly come in handy). Also, the big advantage is that using Switzerland as your offshore destination is that you don't get the credibility hit of operating as a company incorporated God knows where (from experience, a lot of people are reluctant to trust companies in Panama, the Cayman Islands, etc - but companies in Switzerland has no such problem).

I'll be upfront in that the Swiss trust companies we offer are not cheap (I think the cheapest one we have is $80,000), but they're all seasoned (meaning their date of incorporation between 1930s and 1980s). Also, many of our companies can be listed on stock exchanges of Frankfurt and Vienna (provided that they're at least 25 years old). Lastly, all our companies maintain banking relationships with leading banks in Switzerland, Lichtenstein and Germany.

In terms of privacy, you really can't beat a Swiss trust, for two reasons. Firstly, Swiss trust companies are owned through bearer shares (which means that there's no recorded ownership of who has the stock - the person physically holding the certificates IS the owner). Secondly, Swiss trusts are bound by the same secrecy laws as Swiss banks, which means that any assets held in the trust cannot be disclosed to third parties, EXCEPT in cases of criminal investigations (and even then the offence needs to be a criminal one under Swiss laws, and not under the laws of the country where it is alleged to have taken place - just semantic detail). I realize that you're not looking to hide anything - but if privacy should ever be a consideration, you can't beat a Swiss trust.

If you need more information, don't hesitate to shoot me a PM, or visit our website at Swiss Trust Company Provider to Overseas and Global Clients | First Fidelity Trust AG. Also, I'd be happy to put you in touch with our Managing Director who can provide more specific and legal-oriented advise on the relationship between taxation and trust companies.

Hope to hear from you,
George

with all this "advice"

you still have to figure, how will you get the money OUT of the other country, and into yours to use - without paying the 54%?

i was not aware canada was known for hot chicks....young single guys say eh!