Which countries are the best for creating an offshore online business?

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royceDi

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Hello there.
According to the last changing, the main offshore zones are:
  • British dependencies: Alderney, Jersey, Guernsey, Maine;
  • Central America: Belize;
  • Middle East: Bahrain;
  • Europe: Monaco, Gibraltar and Andorra;
  • South Asia: Maldives;
  • Africa: Seychelles, as well as Liberia;
  • Pacific region: Marshall Islands, Cook Islands, Vanuatu, Samoa, Niue, Nauru.
  • Carribean islands.
 

royceDi

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royceDi , Any reason why Hong Kong and Singapore is missing in this list?
In classic offshore companies are exempted from taxation at the legislative level. It is a characteristic feature for classic offshore jurisdictions.

Singapore cannot be attributed to the classic offshore, as the official corporate tax rate is 17%. On the other hand, the government provides a number of tax incentives and incentives to reduce the tax burden to almost zero, and for some types of income, there is no tax at all.

Same situation for Hong Kong
 
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Sweden is super friendly and open to outsourcing right now as well, and many of it's citizens are also multilingual. So two birds with one stone.
 

twinkle

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Interesting... do the policy allow foreigners to open a company with a bank account, etc? if yes how difficult it is?
This might be a few months too late, but let me just answer this real quick.:)

If you are a Filipino expatriate (expat) who wants to start a business in the Philippines or a foreigner who wants to invest in the Philippine business, there are few things that you need to know about the business laws and regulations in the Philippines.

Be sure to take of these things to save you from business headaches and lawsuits that could result from ignoring them. Here are some points that you need to consider:

  1. A foreigner cannot form a solely owned business in the Philippines without a heavy investment (for a corporation, you are looking at USD$200,000).
  2. A foreigner can have up to 40% ownership in a corporation – minimum capital to start a corporation is only Pesos 5,000 (approximately USD $1,000).
  3. The best way to be in business in the Philippines is to be married to a Filipina who holds ownership of the proprietorship or form a corporation with a Filipina spouse with you owning 40% and she owning 60%.
  4. You also enter into a corporation with 40% ownership with a Filipina girlfriend or a Filipino friend – but consider the huge risk of having no control over your fellow majority stock owner(s).
  5. Depending on the purpose of the corporation (such as the purchase of a real estate – land or house), it might still make sense that when the property is sold you would be entitled to your share of the proceeds.
  6. There is one exception whereby you CAN become a 100% owner of a corporation and that is if the corporation is formed to purchase land, or your other shareholder is your spouse, and she dies. Under this arrangement, as the heir to your deceased spouse, you are able to retain 100% ownership of the property.

I hope this helps! ;)
 

VirtualGlobalPhone

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twinkle , Most of the countries in the world operate in a similar rules and regulations. Which is surely not recommended for offshore in a general term.

Thank you for sharing.
 
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