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Reply To: Founding an off shore company – please tell your experience

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#763048
Anonymous
Inactive

To do an offshore, where it can’t be traced back to you easily is pretty expensive.

To setup an offshore in place like Belize, in your own name, is about $2k a year. That might be enough to get banking, but the banks in belize will likely turn you down because of you getting money from gambling.

When you do set up offshore banking, the bank will want to know how much money you are going to receive a year and from who will you receive it from.

In general, it’s not easy or cheap to get everything set up, but if you’re making 100s of thousand a year, it’s probably worth it.

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