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Somewhat unrelated, but what other countries have you considered? I wanted to open a US LLC to sell Android/iOS apps (my country is limited to free apps) but gi
by lccarrasco 13y ago
Somewhat unrelated, but what other countries have you considered? I wanted to open a US LLC to sell Android/iOS apps (my country is limited to free apps) but given that I can't open a US Bank Account (at this point) I've been looking for other options.
- slowdown 13y agoI haven't considered others, since India works well for me. There's not concept of 'class action suit' in India which makes it even more attractive for me. And there is very little capital involved too to start up a company - Somewhere like $50 max (for a proprietorship).
- cpursley 13y agoLook into a Nevis LLC or IBC. Pretty cheap to start ($2k USD) modeled after US Delaware LLC and they have a stable British based law system. Anybody who wants to sue you must post a $25k USD bond to the Nevis government before even proceeding. And this doesn't include the money they'd have to spend to fly down, hire a local attorney and then sue your company. http://www.nestmann.com/nevis-llcs/ http://www.nestmann.com/nevis-llcs/ Edit: I see you're from Bolivia. A Panama corporation might be a better choice for you. They'd have to first hire a translator to sue you : )
- lccarrasco 13y agoThanks for the info, I'll look into it : )
- rfctr 13y ago> Anybody who wants to sue you must post a $25k USD bond to the Nevis government before even proceeding. Why would they do that? o_O They will file at their local US court. You're free to sell to Nevis all that you want -- but do not come with your product into US until the US litigation is won.