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> Outside the U.S., British Virgin Islands is the quickest, cheapest, easiest place to do it: Please if anybody has any experience setting up a BVI please shar
by mahmud 17y ago
> Outside the U.S., British Virgin Islands is the quickest, cheapest, easiest place to do it:
Please if anybody has any experience setting up a BVI please share here.
This is good stuff.
- sivers 17y agoI've used Trident Trust : http://tridenttrust.com/jurisdiction_tbvi_companies.html http://tridenttrust.com/jurisdiction_tbvi_companies.html - but I get the impression that all of these companies are similar : http://www.offshorebvi.com http://www.offshorebvi.com 1. Sign up and pay (about $1000 USD) 2. They incorporate same day 3. Next day they FedEx you your documents 4. Bring those documents to your bank to set up an account 5. .. ? .. 6. Profit! ;-) 7. Once a year you renew your agent fee with the incorporation company. Another $400. That's really all there is to it. I don't know how it works out from a tax point of view outside the U.S., but in the U.S. it's just treated like a corporation in any state. I pay U.S. taxes on my income, worldwide, so there's no tax benefit to a BVI Corp for a U.S. citizen. But I've heard there are big advantages if you're not a U.S. citizen. Since you're only taxed on local-earned income and your BVI company is not a local company, etc. That's all I know.
- mahmud 17y agoYou the man sivers!