Where to register your company?

avatar33

e-Hustler
Dec 5, 2009
3,838
52
48
Calgary, AB
Hey all,

so, I guess that one of the advantages of having an online business is that you can register/bank pretty much anywhere you want.

What are the best options to save a maximum on taxes and fees? Wyoming? Delaware? Florida? Hong Kong? Cayman Islands? Bermuda?

I'm not at that point yet but I'm just trying to gather some info for the future :rasta:

Cheers
 


Delaware and Nevada are the top I hear, but if you register a business in another state and get caught for it in your original state there may be fees and penalties.
 
A) talk to an accountant
B) many people don't realize that if you live in state X and register as an LLC/Inc/Whatever in another state that you often have to register in your own state as a foreign corporation, which ain't cheap. Usually ends up being cheaper just to register your co. in your own state in the 1st place
C) talk to an accountant
 
If you want to register your company in any country.

One of the Emirates in the UAE - Bank secrecy and no tax or VAT.

If anybody is serious about this please Pm me as my close friend runs the largest company formation company there, this comes with bank account - internet banking and plus you can draw yep - 3000 GBP from the ATM per transaction.

My Friend is very professional and very fast for company setups.

Jason
 
If you want to register your company in any country.

One of the Emirates in the UAE - Bank secrecy and no tax or VAT.

If anybody is serious about this please Pm me as my close friend runs the largest company formation company there, this comes with bank account - internet banking and plus you can draw yep - 3000 GBP from the ATM per transaction.

My Friend is very professional and very fast for company setups.

Jason

DO NOT DO THIS

trust me with 20 years experience in the UAE this advice is bollocks.
Bank secrecy is a lie, the central bank and UAE govt routinely inspect all accounts and can legally do what the fuck they want to you and your money, you have absolutely no recourse either should they decide to take your money. The government distrusts and dislikes anything online, half the internet is blocked locally and any earnings from online activities in areas they deem immoral are likely to be seized. eg dating, gambling, dieting supplements etc etc etc

NO VAT is only true for now VAT is due to be introduced shortly, no tax is true but there are fees for everything and i mean everything.

whats your friends company called? and how much does it cost,?

trust me folks this is one of the most expensive countries in the world to set up a business in and also the least safe legally. ATM amounts are true though.

why am i here if the above is true, my business here is not an online one and my profits more than cover the costs of business in an area that i am unlikely to have an issue with the government over. also an area where there is a huge market and little competition. and the weather in winter is fucking awesome
that said, all my money is kept outside this country. Every expat i know here who is serious about their business and future has an escape plan, cash in a safe at home and can and will leave on the next plane if and when the shit hits the fan.

dont believe the hype this place is most definitely the third world and as corrupt and dodgy as you'd fear.
 
B) many people don't realize that if you live in state X and register as an LLC/Inc/Whatever in another state that you often have to register in your own state as a foreign corporation, which ain't cheap.

I'm not believin' this bro, sorry.
 
I'm not believin' this bro, sorry.

I only mentioned this one because it happened to me.

And thinking that the state your business physically resides in doesn't want a piece of your action is taking a risk without finding out for sure.

For whatever reason so many online guys assume that they can just LLC or Inc themselves in whatever fucking state they want and it's all happy hoo ha from there.

Allz I'm saying is check with an account and make sure you're legit.
 
From talks with both the accountants I have (as far as registering in the US), just register in the state you live in. When tax time comes you have to claim in the state you live in anyways, so it's not like you can get out of paying state income tax.

I'm actually going through problems, penalties, and fines right now because of my Delaware S-Corp.

...talk to an accountant.
 
A virtual office in Nevada should be all you need to qualify as "running a business in Nevada".
 
I'm not believin' this bro, sorry.
It's true. If you have physical presence in your home state, you must register for "permission to do business as a foreign corporation/llc."

And the fees you'll be paying are pretty much the same. As a matter of fact, you'll end up paying more.

You have to do that even in places like FL, let alone NY or CA.

If your state really gets on your case, then they can argue that the fact that your laptop "resides" in their state constitutes physical presence of your business.

Trust me bros. I had been selling an e-book about this exact matter for years.
It's been written by a Filipino freelancer for $120, but nevertheless, it's as good as consulting an attorney and/or cpa.
 
Do the big affiliate networks have a problem with foreign incorporated affiliates?

I'm planning on moving me & my business offshore soon. Just wondering how much of a headache it will be to change over all my affiliate relationships.
 
Shiva.mate what you said was total trash, lol
but everybody has there say,but I'm quite experienced in company formation and it's very secure.

Thanks

You have to be a fucking idiot to incorporate in U.A.E. and trust their barbaric laws and customs. Ever heard of their debtor prisons?

http://www.nytimes.com/2009/02/12/world/middleeast/12dubai.html
Dubai finally reveals its true stripes: "debtors' prison" for foreign condo purchasers who default on their mortgages on Arthur Frommer's Blog - Travel News & Advice | Frommer's
In debt-laden Dubai, Dickensian debtors law can come in handy | beyondbrics | FT.com