Doing Business in Brunei

Topic: Lowtax.net General
Indian Resident: Want to open a trading company in Hong Kong? or UAE?
Hi,
I am from India. I buy goods from China and sell them all over the world. I would like to open a trading company abroad in Hong Kong or UAE so I can directly export from China without bringing goods into India. Can someone advise me how can i go about it? What would the tax implications be for me india. We have very strict Foreign Exchange Management Act (FEMA) here in india. By no means am i trying to evade tax, just it would just be convenient to directly export from China.Jilu81
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Future of offshore trust industry
How are offshore Trust Companies doing recently with recent development of Obama's track down and Canada Revenue Agency's increased scrutiny. Are they declining in their clients and revenues? Are they consolidating or closing down? Respectively, are they kicking out Canadian and American clients or are they squeezed out from providing anonymous trusts and merely holding onto a fraction service capability as an asset protection device?

Is there a still future for offshore trust companies? Do you see this industry is set to decline permanently?



Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
World-Check and similar
Dear Experts,

I am an expatriate doing business within legal scope in different countries of the world utilizing different IBC vehicles for international trading and one European Ltd Company with VAT registration for trading with/within E.C.
Lately I am being confronted with strange situations like bank acc/s in different places of the world where I am BO and/or signatory being closed withing short notice time or banks and revenue departments asking much more questions about supporting documents or nature of business than I am used to. Is there a chance to see whether my name or name of one of my vehicles might have gotten into 'red flag' worldwide databases?
I once heard about databases like WORLD-CHECK or similar who keep records maybe e.g. even about your unpaid speeding fines in Singapore and the Canadian immigration or bank clerk would see that and might nag you for that.

Is there a chance to get a report from these databases?
Maybe I got into such a database by mistake or by false suggestion me to be a Bad Guy?

Thank you for any help.

B R
R.Mr R
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
3 months in 4 countries
Hello. I am currently a resident of Spain, but when I stop work, I plan to spend 3 months in 4 different places (a priori Thailand, Brazil, Morocco, Florida). 3 months because this normally means you do not need much of a visa, you normally do not get to be a tax resident, ...and you don't get bored.
I assume I will have to chose a place to be a tax resident in, but my idea is that it can be a place like Panama or similar where I do not need to reside.
I understand that the pension I would get from Spain might be taxed in origin, but my money which is offshore and which would be my main source of revenue would not be taxed.

Do you think this makes sense ?

Also if you have any view on how one can organise yourself in terms of splitting the year in 4 countries, I will gladly hear it.Madrid
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Country with no personal income tax on foreign dividends
I have business income from Norway. I currently have a Belize company which owns a UK Holding company which in turn owns the Norwegian companies. I am happy paying the corporate tax of 28% in Norway. I want to move to a country that will not charge personal income tax on any dividends that I receive from the Belize offshore company. I hold a UK passport but have never lived in the UK. Any suggestions would be greatly appreciated. Thanks
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Where to incorporate IP company
Hi there.

I have just started a web site and getting some traction. I am based in the UK, but I am a Pakistani citizen. The web site is a social commerce network and would like the protection offered by an IP holding company.

Been looking at Bermuda and Ireland as options - any other suggestions?

Thanks.
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
What is the best jurisdiction in Europe to established an online advertsiment ecommerce business?
Hi, I am about to start a new venture focused on the selling of online adverstisement and other mídia sevices to users worldwide. Payments will be made through credit & debit cards and PayPal, among other methods and are going to be collected by companies situated in the USA and Europe. Bank accounts are going to be maintained in the local jurisdiction of the company and in the USA and other countries in the EU.This company is going to be used mainly as a revenue collection entity, with no or very small expenses.
The main shareholders/beneficiary owners of the company are permanent residents in Latin America, USA and in the Bahamas.

Best,

CarEx

Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Contract Engineer
Hi
I am planning to work within Europe as a Contract Engineer. I want to set up
a corporation that has low or zero tax and overheads and take a small salary.
Also discretion is preferred. Whats the best option ? Jersey ? Guernsey ? Other ?
Thanks. Simon
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Music & Recording Studio Thailand
Hello, still looking for investor for Music & Multimedia Studio in Thailand/Chonburri
We are a young multimedia studio for music & video production, scoring, film music and sound design, graphic & multimedia worx founded by a musician from Austria.
Info's & new Business plan
----------------------

Здравствуйте, еще инвестора для музыки и мультимедиа студии в Таиланде / Chonburri
Мы молодая студия мультимедиа для музыкальных и видео-продукции, скоринг, музыка кино и звукового дизайна, графические и мультимедийные Worx основана музыкант из Австрии.
patyrecords@gmail.com
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Bank for Gaming Industry / Merchant Account
I am looking for Banks / Merchant Broker or Payment Gateways for processing funds resulting from Gambling Websites.

I have several Online Gambling Companies who are constantly looking for new partners who can process funds from their large turnovers in the Gaming Industry.

Since large banks, eg Barclays, Deutsche Bank, Santander or UBS step back from processing Gambling related funds because of several reasons ( bad reputation, fraud protection and money laundry ) the need for "open minded" banks or payment gateways is enormous.

The procedure is easy and difficult at the same time: gambling sites need processing of their client payments which are done by visa / mastercard or amex.

Anybody has an idea or can help me?

Thanks in advance,
Tom
ps: emails to businesscompany@mail.comTom
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Setting up an offshore Bank and Merchant account.HELP
Hi, I'm a UK citizen trying to set up a merchant account for a new website selling tickets for sporting, music,theatre tickets etc. However I'm have great difficulty in obtaining a merchant account. The turnover would be roughly £2000-£6000 per month.

I'm on a budget so if anyone can help, it would be greatly appreciated.
John
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Offshore Company Formation and Bank Account
Hi,
I wish to setup an Offshore company and get a basic Business Banking account with Internet+Phone+VISA card facility.

I mainly do online business and most of them don't need VAT. So VAT is not my requirement.

All I need is the least expensive Offshore company formation and least expensive Bank account.

I've been doing research for sometime and narrowed down on few choices:
IBC: Belize, Marshall Islands, Isle of Man
Bank: Isle of Man, Latvia

For banking again I need a basic bank account with very less initial deposit and fee.

Could anyone suggest me any affordable solution?

I see that company formation services are so expensive. It takes 40 odd quid to register UK company.

Any help will be appreciated.

Most of my businesses are online and I end up paying huge UK Corporation tax which can be easily saved by setting IBC and Offshore bank account.Jack
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Repatriation of funds/profits held by offshore entities
Hi there, I've read alot about the benefits of offshore structures, but I haven't found much information regarding the repatriation of funds/profits held offshore. Can you share with me your experiences and ways in which this might be accomplished (legally of course!) without compromising privacy, and minimising (or negating) tax implications onshore? Obviously this would be dependent on your onshore jurisdiction, but I'm hoping there will be common senarios regardless.

I have looked in to the use of debit cards (for smaller amounts), loans, invoicing...

Cheers.

Robert
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Opening the company - photo and video production
Good morning. I'm looking for advice. I'm planning to open offshore company with bank account. I'm producing photo and video material for my clients situated mostly in US and Europe and some of that material is adult (around 50%). I know several people who produce only adult material mostly for web sites and have Cyprus companies. So, my company will produce material, mostly in Europe, EU and East Europe, sell it online and by bank wire transfer and maybe in future publish/distribute some material on DVDs and online.

I'm looking the way how to reduce cost on taxes and other expenses, but also need to be able to do business without problem and to be able to make payment which is accepted for my partners (e.g. model agency, location costs etc.).
It is not important for me where company is opened, if I have to pay some small fees to government or will initial cost be few hundreds of dollars more or less, but need to do my business without problem (as will be producing adult material also) and also have less as possible paperworks (complicated tax and accounting books).

Regards and thanks in advance who ever answers.

Tom.Tom K
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
New Company - Tax & Regulation
Hi. I'm trying to setup a company, here are my dilemas. I'm an introducing broker for several US/UK brokers - I introduce clients to these brokerages (f.e. fxcm.com) and I get a commission compensation for each trade that client makes in that brokerage. In my country I need a licence to do this (EU country)- here to provide investment services of some company (f.e. US fxcm) company has to be regulated by some EU institution. In USA it's fine to do it without licence. I would like to start a company somewhere where I could do this without having to acquire licence. I was considering Dominica, where company would introduce Dominica non-resident, not citizien clients to f.e. fxcm. I think this should be fine using current business model.
My second dilema is tax. I would be the only owner and director of such company. Therefore all profits that company makes are after paying off the fees for company my profits. Dominica doesn't have EU Savings Tax Agreements, what basically means the info about me shouldn't be passed on to EU authorities. Do you know... is Dominica to take a part on this Agreements? Even if they would... what does that as for owner of the company means? Let's say I'm not taking any salary from the company and I own 100% of company. Then any profit that co. makes... is that my income? Do I have to pay a tax from this here in EU? Whether Dominica is part of this EU STA or not...? What tax duties do I as the owner of such company have (besides paying the fees)?
And my last question... would I need the licence in Dominica to manage clients money? I'm not talking about a fund, I would only be managing client's account opened at some brokerage (f.e. fxcm) based on an authorization that client gives me by signing Limited Power of Attorney to place spot forex trades to trading account carried in his name. I don't think I need the licence for this (it's just LPOA and money is on client's own account) just want to make sure.
Thanks for all responsesJohn
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Online investment (website) to real projects
Hello, I want to ask

Website which will collects private capital through the internet, purpose is to will invest to real projects, and then every month will be returned to investors the money that they deserve

What license is needed ?
Which country issued ?
What company need to set up? Kent
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Offshore Company Trading with Indonesia
I want to set up an Offshore company, which will be owned by UK/EU investors, and which will borrow from a bank in order to buy machinery for use in preparing coal for sale to end users.

The machinery will be chartered on a long-term basis to an Indonesian operating company, which will provide services to coal mine owners and/or their customers. The Offshore company will receive charter fees and a profit share from the Indonesian operating company. These will be subject to Indonesian Withholding Tax at the rate of 20%, unless there is a Double Tax Treaty. To benefit from reduced WHT rates under the DTT, the Offshore company would probably need to meet tough Indonesian requirements regarding genuine commercial activities in the chosen jurisdiction. These requirements will be difficult to meet.

The ideal jurisdiction for the Offshore company would have (1) low corporate tax rates (2) the ability to offset/recover Indonesian WHT in part or in full (3) low taxes on dividends distributed to shareholders, and (4) minimal administrative hassle in terms of local directors, audit and filing requirements.

Can someone suggest a suitable jurisdiction, please?
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
working abroad for my own IBC
Right now, I am working as a bookkeeper at a company in The Netherlands, and my boss has offered me the opportunity to 'keep my job' while working abroad through the internet. I would love to travel around the world for some years, staying for some months in each country. I will give up my residence here in The Netherlands (sell my home etc.) I know that it is tricky to work in other countries on tourist visas, but I was thinking that starting an offshore company (IBC) could be a solution. The IBC bills our company in The Netherlands, whereas I receive my income taxfree from the IBC (or maybe only through dividends?). Could this be a workable solution and what are the risks?? Thank you all in advance for your help!Mr. Me
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
Offshore corporate home with minimal reporting
I'm a Canadian citizen & resident operating a small online business that has staff around the world (Canada, USA, Europe, Australia, Asia) and clients around the world as well. Most of our revenue is from the USA. Our shareholders are also spread out around the world (although I am the majority owner).

We're currently registered in Canada, however dealing with the Canadian tax authorities is becoming a hassle. I actually don't mind the taxes that much, but the reporting requirements and audits (we've been audited twice now, both time they found that we owed no money, but each audit cost us money and wasted lot of time) are a huge annoyance.

I'd be interested in relocating the company to a country that has low taxes for offshore business (revenue earned outside the country) and, most importantly, minimal reporting requirements (ie: paperwork).

I intend to pay my personal income taxes legally and appropriately in my country of residence (which may be changing shortly).

Any suggestions.
Read Replies | Reply | Start New Thread

Topic: Lowtax.net General
US investments for non resident aliens
Holding US stocks / ADR s stocks in european companies for investment and trading purposes. real estate opportunities worldwide.
non resident alien for us tax purposes. which jurisdiction is better for doing this as a corporate entity.
Read Replies | Reply | Start New Thread

us investments

Investing for Perpetual Traveler (Zero Tax being the goal)

in need of investor/venture capital fund for a Russian IT project

REDOMICILE OF ISLE OF MAN CO

US Citizen Working Abroad Wants to Avoid Double Tax

Swiss Trust Company

Dietary / Vitamin supplements import from US to EU

Delaware LLC opening bank account in New York

What's the cheapest offshore company formation service?

Thread Title

Hi there, I have Polish citizenship...

Help: Offshore Business Account with Good Wire Transfer Facility

first geneva wealth management

Has anyone invested in the Aruba World Trade Center

investment portfolio in Australia while residing in Italy

Offshore Companies - South Africa.

Residency in Panama

EU Residency and Swiss Banks

Is offshore a solution?

UK INCOME TAX THRESHOLDS (IN WEEKS) FOR NON UK RESIDENTS WORKING IN THE UK

Safe, sunny and low tax place to move when married with children

Taxes while non-resident

Danish video production company going offshore

Canadian expat living in South Korea wants to set up an offshore company and bank account with minimum tax exposure

Custom requirement

UK company paying dividends to Cyprus Company

EU Saving tax

Where should I setup an offshore company?

Australian company/trust buying properties in USA

Looking to move from Australia.

Tax Advice

List of business adresses in the Bahamas

Why have an offshore company if I must report worldwide income?

Needing an offshore corporation and a bank account

Ontario

Perpetual traveller

Australia Expat Question

Denmark tax

Cyprus and Spain

another question of Delaware LLC with working in NYC

Direct Debit Service Provider

Isle of Man vs BVI or Belize

website hosting for off-shore hedge fund

Transfer English law trust to juristiction (Jersey at present) requiring only one trustee ( person or company)

New offshore e-commerce company + merchant account + web-hosting

USA Withholding Agents

Investing in the Cayman Islands

India WHT

Trading OTC Gold

solution for earning commissions as an affiliate from licensed gambling / adult websites

BVI Co to provide services in Germany

French nationality in Monaco

Venture equity stake ownership by a US citizen

Austrian income TAX on Offshore workers in the oil industry

Offshore Bank account opening process in Mauritius

Looking for English speaking low tax location

selling property in Costa Rica

REQUIRE SETTING UP A BUSINESS BRANCH OFFICE IN DUBAI

Global Trading Company based in US

Move to Paradise

Looking for an offshore bank

Please analyze this offshore setup

Great Offshore Country with Strict Banking Privacy Policy

Start a Assessment management company offshore

Starting a Limited Trading Company in Hong Kong?

Offshore structure to minimize tax on mining profits

Avoid setting up a Swiss company

UK LTD dormant for Sale with carry-forward losses

Monaco residency

Malta: Salary paid from untaxed account of non-dom company

Indian Citizen into Ecommerce Trade, which offshore company is best for me

US Citizen Residing in EU and doing Consulting work is a Wyoming / Delware / Nevada LLC beneficial

Where can I find offshore country and how can I start?

Web Design Company Looking Offshore (Channel Islands Primarily)

tax implications if I am outside south africa for 2 months

Nominee services in Romania and Bulgaria

Possibility to open bank account in malta

E-TRADING Company with low (or none) social security taxes

Startup Incorporating in Jersey

International insurance company formation - which country is best

what tax do I pay if I buy UK property with Hong Kong LTD company

I am an American living overseas,I own 51% of a HK corp. but take no income US taxes?

Annual accounts of companies based in BVI and Australia

Taking advantage of non-residency

Substance over Form?

Lowest personal tax regime in Europe?

Setting up an offshore eBook distribution business.

Best place to incorporate a small web-based startup

RRSP/RRIF and the Dutch tax system

Trust Company In Mauritius

Non resident investment account with US Brokerage firm

Where to base a company that sells world wide

Bullion & Precious Metals Offshore Business

Best place for offshore startup?

Interesting Film, Media and Copyright financial structures

ZEC

european low tax asset management company

Indian WHT

Offshore

Money From Colombia

Moving to Gibraltar

is there a 20 % tax in foreign remittance to Swiss bank accounts

Tax applied to queen's counsel temporarily in Hong Kong

Best investment or savings option for cash lump sum

Australian taxation

Lowcost Company in European Jurisdiction

Best low tax structure for junior mining company to be traded on stock market

BVI Lawyer

Cyprus

Exporting from EU to Hong Kong

Taxing the yachties

Best Jurisidction for E-Commerce Web-Site?

freezone company - move back to UK

TAX/Company formation help NEW GLOBAL WEB APPLICATION

US-based LLC providing consulting services in Luxembourg

Options after Swiss step-down?

Yacht registration in the EU

Am I liable for tax, who to and at what rate?

is information about shareholders of cypriot company free to access by third parties

Andora Online business question

Offshore Jurisdiction & Second Residency

Curaçao - What now?

FREE AREA IN DUBAI

Malta query

Multinationals

divorsed women avoiding tax in Australia

Please help

Offshore stock dealing account

Less Tax

Best option for my situation?

best b2c ecommerce offshore solution ?

Expatriate

Offshore account and internet

UAE

New place to live

Consultancy services

US effectivelly-connected income

Offshore Trust/Foundation

Trust jurisdiction choice

Overtaxed US Citizen wants suggestion

Reducing USA tax exposure

France, UK accepting business from Seychelles

Seychelles? HK? Where should I offshore my consultancy for my international client work?

investment advice singapore or hong kong companies

Withholding taxes(WHT) in Botswana

Gibraltar and EU Directives

business with Africa

Trust

US withholding tax for financial leasing

Sole Corporation

Euromoney? Offshore Seminars and Conferences

Interested in setting up Wealth Management Institution in Hong Kong or Singapour

Offshore gaming ability versus offshore incorporation versus offshore banking

Double dip costs of a permanent estabslihment?

offshore tax due

holding company

E Commerce Business Set Up Headache

Where to set up a fund, a traiding company and a intelectual property

Avoiding 50% UK CGT

France - Asia

i have a small shop in Greece and want to open an e-shop in Cyprus

Change juristiction

foreign tax withholding on short equity position

USA company paying Romanian company - subject to withholding?

trading goodies from china to europe

Cyprus/US tax treaty

Cyprus/US tax treaty

Austrian resident/ foreign company

Searching for Low Tax Base

UK resident, non-dom question

French stock exchange listed company, lowering taxes by founding a Madeira vehicle

Income tax avoidance in Switzerland

Bank Registration/Establishment

online poker

Russian speaking company registration agents

Is Hong Kong suitable for gambling marketing?

Incorporating a travel ecommerce business

Best way to go

Offshore company incorporation / Offshore Bank Account advice needed - Futures trading / investment setup required

Permanent traveler tax advice sought

structure advice

Hong Kong Company

Adult content

Offshore Company Advice

South Africa

Offshore banking and investing for an American

looking for a tax solution for my sales commission

Samoa IC

Guatemala bank account

T&C Insurance company

Offshore company for photographic services

best place

cyprus tax treaties

Marshall Islands tax

financial institution and money lending licensing

Isle of Man

Commercial activity to start

Advice needed

US consulting firm LLC in Delaware -- What's the best Offshore location

Vanuartu

Offshore advice for California, USA based Software Developer

Having a Hong Kong bank account is illegal?

International Trust

Tax Free

Deferred Annuity offered by Panama company Lloydshare Ltd.

Madeira

Requirements of a foreign company doing business in the UK.

Interested for an offshore bank account

Anonymous pre-paid cards

telecommuter based in Ireland with customers abroad

Forming a new company in Madeira

offshore banks?

brokerage business

best offshore jurisdiction in europe ?

Fiscal Nomad

Starting a New Ecommerce Site

Start-up Software Licensing Firm Looking for Tax Efficient Model

Lux/ Irish tax structure?

Low cost reliable offshore structure

UK Consultancy moving Abroad

Relocating assets and business offshore

US persons as signatories on foreign bank accounts

Bank account in Russia

Need to check on a Panama Law Firm - Panama Legal

Best Jurisdiction for Hedge Funds

Bahamas

BEST JURISDICTION FOR FOREIGN GRANTOR TRUST

Holding for investment in fixed income

Posting Rules

Investment holdings- best option?

E-COMMERCE AND TAXES

Limited Liability Law firm consultancy

Residence in Croatia

Best banking options available?

opening HK offshore company

Offshore company setup

Tax Planning Suggestions Needed

Royalty withholds from USA to Poland

Swiss solution

SOVEREIGNTY, POLITICS, TAXATION. A NEW APPROACH FOR THE 21st. CENTURY.

The first steps...

LOOKING FOR CONVEYANCING LAWYERS IN UK FOR OFFSHORE COMPANY

Looking for a lawyer or accountant office in UK

Offshore Company

Investor is looking for best jurisdiction to set up business

Diplomatic Passport? How to get one?

Don't Bank on the Isle of Man

US permanent resident, contract work in Norway and Singapore

Delaware, Nevada and Wyoming for permanent resident contracting in EU

l want to buy a property in uk and place in ofshore co

Transfer Pricing Documentation

Hong Kong Banking ?

Campione d’Italia

Canadian with Delaware LLC purchasing property in New York, Illinois, Tennessee

Banking in Jersey

company taxation

Panamanian Trading Company

Malta info

Address needed in the ezone

can u get a new passeport if u make an investment in one of these countries?

B.V. Company in the Netherlands

labuan offshore

Partnership Tax Deferral U.S. and Foreign Based Income

Suitable company and banking solution

Event Management Offshore Company

Royalty flow through from foreign rights vendor (or make them a partner)?

Royalties, Manufacturing and Distribution

Foreign Company as a member of a USA company

Gibraltar advice - new advisory business

What constititues doing business in the USA as a foreign entity?

Cyprus Company as a member of a USA LLC

Help Needed to Brainstorm

Foreign Company as a member of an LLC

UK Ltd

How can I use another company to take care of my offshore system?

Bahamas banking question.

Future of ecurrencies in Offshore Law

Setting up offshore, staying a UK resident?

Freelance Spanish translator considering to set up an offshore company, suggestions?

IBC for business

Setup options for digital publisher

Establishment of a tourist based business

Bermuda Tax residence

Taking up residence and work outside the UK

BELGIUM

Claim Tax

E-commerce

Offshore company

Will Tax havens disappear?

Denmark Holding Structure

reporting requirements or penalties of a US citizen owning and IBC or FLLC?

personal tax

Offshore broker needed for day trading for a Panamanian Foundation/IBC

Online Business Taxation

Investment Required Nagpur India SEZ for Manufacturing of Green MGO Construction Boards

how to pay less taxes when your bussiness is not so big

Panama With Holding Tax

CGT and rental income

international scheme

Offshore

Avoiding the 52% tax

Looking for a safe and business-friendly place to live

internet based company looking for bank

Seychelles Investment

Best and low risk banks in Singapore?

Obama

Site reliable?

WTO