Quote:
Originally Posted by Pleasurepays
your not correct.
you "can" set up offshore companies
you "can" set them up cheaply
you can't set everything up cheaply and not worry about going to prison and fully satisfy the IRS and current tax law at the same time. in fact, the IRS can challenge you just for the hell of it.. then what? those nominee directors/board members gonna step up and go to court for you?
there is so much criteria to meet about being fully insulated from the company and any indirect control over its management, revenue etc that its ridiculous. it can only be properly set up with a true international business doing international business, with competent tax professionals well versed in US and international tax law.
this shit changes dramatically every 6 months as internal revenue codes are updated.
its not a game for kids to play.
Call Deloitte and Touche or anyone else that actually does this shit for real businesses and tell them that you want to move everything offshore and structure things so you have no chance of going to prison and tell them you want to spend 460 Euros and see what they say.
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First of all it's YOU'RE.
But yea dude it's cheap. Not 460 Euros cheap but offshore banking is not for people making a small amount of money. You can expect to pay $2000+++ for something solid and even much more if you want a director in your place. I've seen guys pay as much as $10,000 for some really slick shit (multiple businesses and accounts) and I've seen the same guys battle the IRS and win.
CHEAP is a few thousand dollars. If someone thinks that is expensive then going offshore is not for them. Offshore is not for people just getting by, it is for people who make real money. Though you know this.