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Channel Islands: Alderney, Jersey, Isle of Man
personal recomendation… where ever you decide to do, travel there before doing anything. You be amazed how much money you can save by being there.
PS
B4Playing is an IoM (very recommended) comapany: http://www.prwebdirect.com/releases/2007/7/prweb541144.htmItay
Company Registered in Seychelles
Bank Account in Cyprus
Virtual address in any “safe place” (UK, Canada etc…)PM me if you want more details.
Reputable and legal bank accounts outside of the States, that seems to be what my clients are interested in. PM me if you have any good resources.
Whatever you do guys, make sure it is transparent and reputable and totally legal so you can not be mistaken for someone who launders money.
You can also get some good advice from Chris here: http://www.ruschlaw.com/Offshore.htm
Yes, but I dont wanna leave Norway, I have family and friends here… But it is legal to run a company in Malta from Norway right? And only pay taxes in Malta?
Quote:In many cases, the minimum civil penalty for not disclosing an offshore bank account or offshore credit card can be $25,000 or the greatest of 50% of the balance in the account at the time of the violation or $100,000. The criminal penalty for willful failure to file a FBAR is a fine of not greater than $250,000 and/or imprisonment for not more than five years. Note that these penalties can be imposed for each year.Thanks Dom for the article, so that leads us to a question about Neteller, Eco and the likes, and what about my Visa used to get my payments from mainstreet affiliates? I do not hold any cash in these accounts and claim it all when it hits my bank.. interesting thoughts now though.
I dont think thats how it works. You must pay taxes from where you operate your site. So if its run from Norway you have to pay norwigian taxes.. Doesnt matter where you have the company.
@misterDH 134131 wrote:
Yes, but I dont wanna leave Norway, I have family and friends here… But it is legal to run a company in Malta from Norway right? And only pay taxes in Malta?
for tax plan to hold, you have to have management and control where your income is… otherwise this is just tax fraud and you can be cought in your own country…
Itay
For example in Israel you could have a company registered in Antarctica with bank accounts in the North Pole and a registered address on the moon, if your “center of life” is in Israel you have to pay taxes according to that.
I know that this is the US system, therefore US affiliates should consider the same, by going offshore and having virtual address and so on, you are only putting a plaster on the problem. The “safest” way to go without leaving your home country in my opinion is to appoint (and this REALLY has to be someone you trust) a foreign person as the soul director and share holder of your offshore company and have a personal agreement with this person. I’m sure there are companies that offer this.
I would just like to mention that I am in no was an authorized tax or legal authority and just sharing my thoughts here:hattip:
It gets more complicated. You really need an international tax and banking lawyer like Chris.
There are agreements between some countries about where people have to pay taxes if they live in one and do business in another. Many times you have to file taxes twice, but you get to not pay on one of the filings, depending on what these countries settled between each other.
It can vary widely.
The only advantage of an offshore structure for this Aff venture is to avoid internal taxes, such as tax added value and others, depending of the country in which you have residence.
Since you have the duty to report the company to your Tax Office, there’s no way to avoid income tax etc.
The corporation is not a problem, but the bank is very important.
Be sure that it is a reputable institution with USA or EU headquarters.Tax heavens were an invention of the multinationals to profit with the “transference prices” in the impo/expo biz, and to protect assets.
For our business a personal account in USA/Europe is enough.
@Goldfinger 134070 wrote:
Channel Islands: Alderney, Jersey, Isle of Man
can you register a company hear even if you work at it from home and the only “real” property is a website?
EDIT: forget it, apparently it’s tax fraud. lol. i’m in England anyway. If i start earning serious cash, i’ll emigrate. :roflmao:
