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Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

• g4k 12y ago
  Hong Kong incorporation is easy and not expensive. Tax regulations are interesting, too. You find a few more details here: http://www.guidemehongkong.com/ http://www.guidemehongkong.com/
  • rahimnathwani 12y ago
    There is some info on this page about the various annual expenses for a Hong Kong company. These include at least (i) virtual office, (ii) accounts preparation and (iii) accounts audit. You could do (ii) yourself but you need to pay someone to do (i) and (iii), unless you live in Hong Kong and are a Hong Kong registered auditor.
• briggers 12y ago
  Well, in Singapore you'll need at least one SG-resident board member. Probably not you if you'll be travelling constantly. On the other hand, if you can manage this I've found forming and dissolving companies in SG to be very easy, not to mention the tax and accountancy processes.
  • urbannomad 12y ago
    Are there any other requirements to setting up/running an SG company?
• tiernano 12y ago
  Ireland? CRO[1] gives details about registering a company and the requirements, and the New Companies Bill of 2014[2] will make things easier for smaller companies. [1]: https://www.cro.ie/Registration/Overview https://www.cro.ie/Registration/Overview [2]: https://www.cro.ie/New-Act-2014/Overview https://www.cro.ie/New-Act-2014/Overview
  • driznar 12y ago
    I was told by a guy who used to contract in Ireland, that there's a heavy crack-down on contractors working through their own Ltd's happening in Ireland, since they want you to pay taxes as a normal employee. Something worth considering, since it could also apply to foreign-generated income.
    • walterbell 12y ago
      Would that apply to group of contractors?
      • driznar 12y ago
        I'm not sure what you mean - this applies at least to IT contractors.
    • sanityinc 12y ago
      This might indeed be a problem for Irish nationals, just as the "IR35" rules affect UK contractors working through limited companies, but I can't imagine that a non-national working outside Ireland through an Irish company would suddenly be considered resident in Ireland for tax purposes.
• comrade1 12y ago
  Do you need to register a corporation? Or do you just need a legal entity other than yourself to pass your earnings through? Will you have employees? Partners? If you just need something simple with no employees partners then you probably only need the equivalent of a u.s. LLC which separates your business income/debt from your personal income/debt. Find whatever the equivalent is where you're a resident. If you need an actual corporation then it's much tougher. Where I live (Switzerland) you need to start out with a lot of capital, probably need a lawyer and an accountant, etc. It will get complicated if you need to register a corporation outside of where you're a resident and paying your taxes.
  • dnohr 12y ago
    Hi, actually I just need a legal entity to pass my online earnings through, I have a few online clients which need an invoice from a company and not a private person. There will be no employees or partners involved. After reading this incredible thread, I think either HK or SG would fit me best for now, just need to know what will be most beneficial for me in the long run.
• throwaway95847 12y ago
  HK is a decent choice. You do probably have to go there to open a bank account. But regardless, far more important is the tax/domicile rules in your own country. Edit: Also judging by the comments so far you don't want to trust HN on this.
• kintamanimatt 12y ago
  Now? Estonia. Hands down, Estonia. Although I haven't done it myself yet, I intend to, simply because it now makes an incredible amount of sense. In case you don't know already, Estonia is offering an e-residency program[-2]. For the time-being it requires a quick trip to Estonia to get this (and it's open to everybody regardless of nationality), but afterwards you can run and administer a company remotely with this smart card. (Bonus points for the fact the smart card reader plays nicely with Linux as well as OS X and Windows.) Soon you won't even need to show up in Estonia, but will be able to register as an e-resident at one of their consulates. Estonia have made it pretty straightforward to run a business there and it doesn't appear to be especially expensive to start an Estonian company either. To the best of my knowledge you can deal with the government entirely online and IIRC in English too. (This is a big deal because some English-speaking countries like the Netherlands have tax offices that are forbidden from speaking English unless they come out to you in person, even though all the staff are fluent. I hear this might change in the Netherlands in the future.) Banking in Estonia appears to be awesome and developed. Stripe isn't there yet, but Paymill is. Estonians are fluent in English and just about everything the government, banks, etc publish online is in English. The Estonian government even translates some of their laws (like the ones pertaining to companies) to English too. They might be translating others but I've just never looked. Taxes aren't super low, but are pretty sensible and IIRC corporate profits aren't taxed until they're distributed. [-1] To the best of my knowledge, Estonia didn't really implement the EU cookie directive. They got a slap on the wrist for it but no Estonian site (even big bank and government sites) has those "y'all accept cookies?" banners. That's a good sign. The biggest downside to Estonia is its size. It's going to be a ghastly nightmare to hire a decent number of staff if you want them to be all in the same building in Estonia, but hey, why not just run a 100% remote company? But cross that bridge if and when you come to it. You can always just open up offices in other cities around Europe or other places. [-2] https://e-estonia.com/e-residents/e-residency/ https://e-estonia.com/e-residents/e-residency/ [-1] http://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-estoniahighlights-2014.pdf http://www2.deloitte.com/content/dam/Deloitte/global/Documen...
  • DocG 12y ago
    if you manage to get smart card, Registering company ~186 euros. time ~15minutes online with smart card bank account ~free first year, full online support with smart card digital signature with smart card is equal with real one on all documents. taxes, bookkeeping, hire local bookkeeper ~>30euros per month and use skype/email
• snitko 12y ago
  Do not register a company. Accept Bitcoin and provide great service people want.
• jMyles 12y ago
  I haven't checked on the state of e-Estonia in a few months, but I think they're trying to be the place for this sort of thing? They're rolling out the services later this year I believe. https://e-estonia.com/e-residents/opportunities/ https://e-estonia.com/e-residents/opportunities/
  • knivets 12y ago
    Looks very interesting.
  • kermorvan 12y ago
    The idea has merit, but it's not quite there yet. For one thing, you will have to physically visit a police department in Estonia in order to get your E-residency card - TWICE. Once to file an application and then it will take up to 14 days for them to perform a background check. After which you will again have to physically appear at a police station in Estonia. In the future this can supposedly be done through Estonian embassies but those are not exactly everywhere either.
    • mrtron 12y ago
      They are changing the rules so you do not need to physically be there. I believe that is already in place.
• alltakendamned 12y ago
  Register your company where there is no corporate tax, be a citizen of a country with no income tax. As to the how and what, I'm willing to learn myself.
  • decentrality 12y ago
    Even then, if you do business in the US for example, unless you're 100% digital ( possibly even then ) you'd be a foreign corporation that'd need to register secondarily in that country, and vooala-- tax exception gone. Unless someone has a way to prove that wrong?
    • tluyben2 12y ago
      I don't think you need that; I'm trying to find any proof of what you say and cannot really find. If you have a company in HK/SG and live fulltime (6 months + 1 day) in Monaco for instance, I believe you can do business with US companies/citizens while not paying taxes. The hell of living in Monaco doesn't really make it worth the while imho however I know plenty of people who do this. No proof here but I cannot find the reason why you would need to do what you suggest?
      • decentrality 12y ago
        Nonresident Alien withholding for Foreign Persons: http://www.irs.gov/Individuals/International-Taxpayers/Foreign-Persons http://www.irs.gov/Individuals/International-Taxpayers/Forei... http://www.irs.gov/Individuals/International-Taxpayers/NRA-Withholding http://www.irs.gov/Individuals/International-Taxpayers/NRA-W... I would prefer this all not be fact, and I wish it were not true, but I put this out there because I hope it isn't but it seems like it definitely is real and effectual. This is the biggest difficulty I've hit myself.
        • deleted 12y ago
          [deleted]
      • splatsearch 12y ago
• decentrality 12y ago
  Wow I was just thinking about this, having a cup of coffee next to a creek out on the edges of town, after asking this: https://news.ycombinator.com/item?id=8939426 https://news.ycombinator.com/item?id=8939426 Right now I'm in the United States and I'm forming a Nevada Series Limited Liability Company. I needed a Registered Agent to do that, but the question came up for me: how long do I need to be somewhere, and what kind of mailing address do I need, to not even need a Registered Agent? Nevada has no State tax, but there's still Federal. I'll be watching this with interest on the tax piece... otherwise to me, in this country, it seems like Nevada is the way to go.
  • silver1 12y ago
    Everybody talks about Delaware corp (as they've matured business laws) ..but very few knowt hat when it comes to taxes then Nevada and Wyoming are the best .... however recently I've heard that if you're selling stuff on Amazon or any other e-commerce store then taxes are different depending upon where you're located ... and you may not even be eligible for selling in few states - I wish someone can explain this in a simple language ...?
    • desdiv 12y ago
      There's zero difference tax-wise between a Nevada corporation, a Wyoming corporation, and a Delaware corporation when they're operating outside their state of incorporation. In all three cases they pay no state taxes in their state of incorporation.
      • zaroth 12y ago
        Delaware has a franchise fee, but it's not onerous, ~$500.
      • chrishynes 12y ago
        Wyoming has less fees and yearly paperwork than Delaware.
  • getsat 12y ago
• martinald 12y ago
  The UK is pretty good. All filing can be done online, corporation tax rates are pretty low (20%).
• level09 12y ago
  Dubai is the place, Tax free, as low as ~4000 Euros/year for a single person (FZE) company. Nothing else is required (office/staff), virtual services are provided at additional fees (secretary etc ..)
  • silver1 12y ago
    Can you please give some more info - where/how to incorporate? Any recommended agent?
    • level09 12y ago
      Sure, here are the virtual licenses: http://www.creativezone.ae/ http://www.creativezone.ae/ http://vz.ae/ http://vz.ae/ non-virtual: http://www.dwc.ae/ http://www.dwc.ae/ https://www.dsoa.ae/en/ https://www.dsoa.ae/en/
  • 616c 12y ago
    Some friends and I have been discussing this. There is a current regime in the UAE (not just Dubai) that has established a free trade zone that costs approximately several thousand USD to incorporate and set up shop, including basement prices for established visa(s) for you and a small group of employees. I have received an email. If I have time later I will dig around to find the link to an official website from UAE commercial authorities. Beware though, the GCC is notorious for renegging any niceness when you cause them unniceties.
    • walterbell 12y ago
      Some zones can be as small as an office park, with different rules for each zone, e.g. medical companies vs. software companies. The Middle East in general has Internet firewalls, e.g. VOIP is often packet filtered. Might be worth checking on those policies within the zone. Some tax-free jurisdictions generate money from bureacracy and fees, which impose substantial time overhead, since penalties for noncompliance can be.. unexpected.
      • 12y ago
• charlesdm 12y ago
  This depends highly on your country of citizenship, as well as country of residence. Americans have it different than most others, because they are taxed globally. A true 'digital nomad' without set residency somewhere might also encounter problems, because certain countries might challenge the tax treatment of certain transactions. (depends on if you're selling your own stuff, or doing consulting, for example) Talk to a lawyer (or law firm), see legal500.com (-> tax) for some recommendations. A firm in the country you're currently residing in is a good starting point.
• arfliw 12y ago
  HK and Singapore are both good options. Both also really good for offshore banking.
  • desdiv 12y ago
    Singapore corporations need at least one Singaporean resident as a director. Unless OP already has a close Singaporean friend or is willing to partner up with a Singaporean co-founder I don't think it'll work for him.
    • arfliw 12y ago
      That's what nominee directors are for ;) Law firms and others specialize in doing this.
• sixQuarks 12y ago
  I believe the first $100,000 in income is not taxed if you live outside the US for at least 330 days out of the year. This is for federal tax. If you are registered in a state with no income tax, then you would pay zero tax on that first $100k.
• armed_arms 12y ago
  Interesting question! I'm also a "digital nomad". I'm French and, all my incomes are declared in France as an "auto-entrpreneur". But I don't have too since I live there less than 6 months a year. Last year, I stayed 3 months in France, 3 in China, 2 in Thailand, in Korea and in Indonesia. I was wondering if there was a country where I could open an entity with some advantages?
• unimportant 12y ago
  HK - easiest, cheapest and no taxes for income sourced outside of HK.
  • silver1 12y ago
    According to the following calculator there is around 16.5% tax (on $100K income) ... you can compare it with bunch of company and it looks like Singapore is the lowest. http://www.guidemehongkong.com/taxation/topics/hong-kong-tax-calculator http://www.guidemehongkong.com/taxation/topics/hong-kong-tax...
    • unimportant 12y ago
      That's for locally sourced income or if you have a real office in HK. To pay no tax all your income needs to come from outside of HK in addition to not having a local operation.
      • silver1 12y ago
        Very interesting - you seem to be right - more info on following page ... http://www.guidemehongkong.com/taxation/corporate-tax/calculating-taxable-income http://www.guidemehongkong.com/taxation/corporate-tax/calcul... btw, do you have any info on any agent who can help with this? do you need a physical address (even for opening a bank account)? Do you need to visit HK for any reason to setup a company?
        • unimportant 12y ago
          I don't want to spam anything here, but there are tons of agents you can find via google. The registered address in HK can be provided by the agent. I'm not sure what else you mean by physical address. You'll need to visit HK to open a bank account in case you need one in HK, but you could open a bank account in any other country as well if you can find a bank willing to do so (tough where I'm from).
      • ktran03 12y ago
        As far as I know, this wouldn't work for U.S. citizens, as they are taxed on world wide income. Residents of countries (like Canada) do not pay tax on world wide income, if person in question is considered a non-resident for tax purposes (ie not living in Canada).
• Radim 12y ago
  You should be asking questions about your tax domicile, double taxation treaties, your personal legal status w.r.t. to this company, cost of extracting personal profits from this company, can you get a bank account as non-resident, VAT rules etc. Lots of variables there. Tax offices in most countries have ways of ignoring cute little "bulletproof" accounting setups, throwing the book at you even retroactively (money, even jail time). I mean, if you're a small fish, you may well slip under the radar. But obviously you're asking for trouble if you set up a company somewhere, hoping for the best, because someone on HN suggested "country XYZ, low taxes!". For what it's worth, I "digitally nomaded" through Asia on tourist visas, acting as my normal, home legal entity. No problems. But don't take that as legal advice :)
  • driznar 12y ago
    Exactly. For example you don't charge VAT for intra-EU invoices and in practically every EU country you're liable to pay taxes there in case you stay there for more than 183 days. There's just no blanket solution here - at least not at the small-fish level.
  • deleted 12y ago
    [deleted]
• eric_khun 12y ago
  "I am not a lawyer or CPA and this is not legal advice. It is for general guidance only. You should work with an attorney and a CPA for specific professional advice. If you're American, this gets really sticky. The US taxes you on your worldwide income. If you have a US corporation, it is also taxed on worldwide income, so it can be double taxed. And foreign corporations in the US are taxed on US-sourced income. However, there is a loophole. If you own a company outside the US, and the company earns money outside of the US, it's only taxed in the US when the money comes back into the US. So, many people have companies registered abroad (Hong Kong is a popular jurisdiction) and money earned offshore is accrued in the foreign corporation. Expenses abroad are also paid by the foreign corporation. So, you can effectively avoid the money being double taxed (paying personal income tax only) if you earn money offshore and your offshore corporation pays your salary. Also, if you're working abroad, it's not a vacation. A lot of things you spend money on are legitimately considered business expenses. So, if something is a business expense, pay for it with company earnings that haven't been taxed. Now, what about paying income tax in the jurisdiction where you were living abroad? Typically, countries only tax income sourced within the country, and many countries have tax treaties where income is only taxed once. So, for example, if you're living in China, a country that has a tax treaty with the US, and you're paid by a company outside of China, and you pay taxes in the US, you don't actually have to pay taxes in China. Technically you are supposed to file there (at least in Beijing), but this isn't actually enforced unless you're on a Z-type visa and you are working for a Chinese company. And, if you're on a tourist visa pretty much anywhere in the world, you won't owe any tax in the country you were visiting. As best I know, no country in the world charges tourists income tax! One thing that WILL happen if you're living abroad, and have foreign bank accounts: You will get audited if you claim tax exemptions that apply when you live outside the US. In my case, this came in the form of a letter to my Chinese address which basically said "prove you're really living in China," and gave me a list of documents to supply as evidence of same. There was a list of 8 or so things, of which I had to supply 3. I just sent the IRS everything on the list (not only 3 of the things, but all of the things), mailed the package from Beijing, and I never heard from them again. I think they just wanted to make sure I really was living abroad." edit : this comment come from here http://nomadforum.io/t/what-is-the-tax-situation-for-perpetual-travelers-like/186/13 http://nomadforum.io/t/what-is-the-tax-situation-for-perpetu... These links might be really helpful : http://www.irs.gov/Individuals/International-Taxpayers/Foreign-Earned-Income-Exclusion http://www.irs.gov/Individuals/International-Taxpayers/Forei... http://flagtheory.com/digital-nomad/ http://flagtheory.com/digital-nomad/ http://flagtheory.com/nevis-llc-formation http://flagtheory.com/nevis-llc-formation http://nomadforum.io/t/what-is-the-tax-situation-for-perpetual-travelers-like/186/ http://nomadforum.io/t/what-is-the-tax-situation-for-perpetu...
• decentrality 12y ago
  It would be extremely helpful to know what the company you wish to form does. If it's product-based that's very different from service-based... and if it's an intangible product that'll be very different from a tangible one. If not legally, in practice. With the nomadic piece, you have a certain amount of momentum that makes it hard to pinpoint your origin, so you might be giving up freedoms by putting a flag in the ground when you don't need to.
• mariocesar 12y ago
  I can't give you and advice. But I'm observing a lot of foreign companies (software agencies) getting full residence in Bolivia like Cochabamba y Santa Cruz de la Sierra, I had friends working as full time programmers and doing consulting for this companies, and I had heard a lot that the owners prefers to stay here and pay taxes here, for what I know is useful for UK, Canadian and France citizens. Here in Boliva we typically complaint about taxes management and government regulation, but looks like is a breeze compared to other countries.
• durdn 12y ago
  Derek Sivers has been working on providing this sort of data for a few years. He created https://woodegg.com/books https://woodegg.com/books first and now apparently that effort is converging into http://gotolaunch.in/ http://gotolaunch.in/
• jwilliams 12y ago
  Whilst Singapore comes up a lot as a company HQ - it's often not due to company taxes (which are _rarely_ as straightforward as you pay x%, no matter the domicile). The big draw to Singapore is usually for the individuals - Singapore has no Capital Gains Tax (http://en.wikipedia.org/wiki/Capital_gains_tax#Singapore http://en.wikipedia.org/wiki/Capital_gains_tax#Singapore). At a personal level, if you're flipping a multi-million dollar business that's a big deal. As other commenters have mentioned, the company/personal/VAT picture becomes more murky.
  • walterbell 12y ago
    Are there precedents where the Singapore company holds IP and licenses that IP to foreign companies which hire and pay employees? Could a Singapore company grant stock options to foreign employees?
    • jwilliams 12y ago
      I don't know specifically wrt to Singapore, but this is a common structure. It used to be called a "Dutch Sandwich", but now called the Double Irish: http://en.wikipedia.org/wiki/Double_Irish_arrangement http://en.wikipedia.org/wiki/Double_Irish_arrangement
      • walterbell 12y ago
        That now appears to be closed to new companies in Ireland.
• seekingcharlie 12y ago
  I recommend Hong Kong. There's a lot of people on nomadforum.io/ that will have first-hand experience on this FYI.
• deleted 12y ago
  [deleted]
• qengho 12y ago
  Panama offers a super easy residence visa to citizens of 48 "friendly" countries. If your primary country of residence is Panama, you don't have to pay taxes on non-Panama-sourced income (as long as your country of citizenship doesn't tax you on your worldwide income as a non-resident). Panama corporations also don't pay taxes on non-Panama-sourced income. From Panama City it's a 2.5 hour flight to Miami, 5 hours to New York / Toronto, about 7 hours to LA / Vegas, 10 hours to Amsterdam. Copa airlines has its base in Panama city and operates direct flights to many US and South American destinations. A lot of people in Panama speak English so it's fairly easy to get by even if you don't know much Spanish. I found people in Panama City to be very friendly and helpful. Panama City also has great infrastructure, Internet, roads, apartments.. If you're a citizen of one of the 48 "friendly" countries you can be a legal permanent resident in Panama is a matter of months for under $5000. And if your profession / business is global and online, you can likely break free of highway-robbery tax rates and the mind-numbing, time-wasting accounting / reporting requirements of your home country by moving to Panama. Unfortunately for US citizens, they're still on the hook for US taxes even if non-resident in the US. But for citizens of 47 other countries, Panama is just about the #1 easiest and most practical residence option on the planet at the moment. Search for "Panama Friendly Nations Visa".
  • ameen 12y ago
    What're the alternatives for those from other countries? Would getting a Permanent Residency be the only issue?
    • diginomad2015 12y ago
      Do I really need residence somewhere? What if I live 3 months in each country? Notice also that I left my home country 15 years ago, and have been a legal resident of 3 other countries during that time. I wonder if I just forget about residency altogether. I can't find a clear answer for that.
• mangeletti 12y ago
  The answer is not, "um, it depends on X", which usually indicate a lack of understanding of the problem as well as a lack of knowledge about the solution. People, especially tech nerds which tend to have ego issues, need to learn to just say "I don't know", or to simply not answer a question that they don't know the answer to. It doesn't depend on anything. The best place to register a business for international travel is the same as the best place to avoid having to pay taxes on your income, while maintaining impunity. The Cayman Islands, for instance, make for an interesting conversation. The only real problem that you have to be okay with breaking a few laws. For instance, if you are traveling in countries that require you to pay income tax for income earned while in their country, and you are working for an American company of the contractor, etc., technically you need to pay taxes there, but most people in the situation would not. If you are okay with breaking those types of laws, then your best bet is just to find a place that is willing to hide your information, hence the Cayman Islands. Now, the Cayman Islands won't work for everyone, because you have to have a significant investment to found a company there, but you can do this and other places with little or no investment, such a Belize, or any number of tax havens.
  • spitfire 12y ago
    > The answer is not, "um, it depends on X", which usually indicate a lack of understanding of the problem as well as a lack of knowledge about the solution. People, especially tech nerds which tend to have ego issues, need to learn to just say "I don't know", or to simply not answer a question that they don't know the answer to. It doesn't depend on anything. Preach! Boy do they go red when you simply say "If you don't know the answer, please don't confuse people more."
    • deleted 12y ago
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• softwarerero 12y ago
  I moved from Germany to Paraguay. When I work from Paraguay I have to pay 10% income taxes (it does not matter if I do it as a person or a company) and if it is for a local client another 10% of VAT (IVA). When I travel and do onsite jobs in other countries the Paraguayan government does not demand any taxes. To get permanent residence you need to visit Paraguay, proof that you have a fortune of at least 5K USD and run around a few days between different agencies. I helped a US citizen some month ago with his residency and we had everything together in 4 days, it would have been 3 if we not had forgotten one paper.
  • newaccountfool 12y ago
    Are there better benefits to becoming a citizen of Paraguay? Do you know how long that would take?
• return0 12y ago
  Malta
• taxtaxtax 12y ago
  For Americans, what would an ideal structure be? We're taxed on personal income worldwide, with small exemptions for living overseas/based on tax treaties, etc. But on the corporate side, can you incorporate in a 0% tax location, then leave the money in the corporation? You'll be taxed when you pull it out, but if you leave it in then you have a larger capital base to re-invest, and can grow the money faster. Then worry about taxes when you take the money out. Is this plausible? Can you own the corporation outright without any tax implications, or would it be more ideal to put it in a trust or foundation type of ownership structure? And obviously a lot of here us are doing digital/mostly online businesses. Could you open a US based LLC that is a subsidiary of the foreign company, for passing through Stripe payments, and for managing your salary payments?
• contingencies 12y ago
  Ultimately it depends what you want it for. I usually live in Asia so some info there follows... .sg = low corp tax (first 3(?) years waived). someone else here mentioned capital gains scenario. stock market secrecy regime is designed for laundering burmese drug money. US lapdog. its boring as batshit... see https://en.wikipedia.org/wiki/Disneyland_with_the_Death_Penalty https://en.wikipedia.org/wiki/Disneyland_with_the_Death_Pena... .hk = low personal tax (none, unless resident >3 months/year). can open business and bank account within 2 hours (pay an agent). first world level of service. less US-friendly and more fun than .sg. .cn = low chance anyone will come looking at your balance. basically no tax. nice forex trajectory for CNY at the moment. only way to really do business in china. possible to convert inbound international SWIFT xfers to EUR/USD/RMB cash, even without a bank account, with any foreign 'id' document. online banking is crap. foreign banks are barred from providing most services despite china signing to the contrary when joining the WTO. ~impossible to process card not present credit card transactions. its bladerunner meets monkey magic meets the land of opportunity. taobao is a big win if you ever do hardware sourcing. other countries in Asia tend to lack decent english or infrastructure, but may provide interesting fringe benefits (eg. IIRC Philippines gives you permanent in/out visa with a property purchase, has lots of good english speakers, though they recently dropped their relative bank secrecy to US pressure)
• dubeye 12y ago
  What about invoicing clients? If I move an established UK registered business to Panama or Estonia, can I use the same UK bank account? What changes for the client?
• mynewcompany 12y ago
  Ideally you'd want a business entity that is as inexpensive as possible to maintain but provides liability protection in case you're sued. Then you need to consider where you will be "registering" this business (apart from the original country) as a foreign company because that will involve expenses, tax, etc. Finally, if you're just one person, not really renting offices, not really hiring employees in the country where you are operating you need to ask yourself do you need to really register in that country as a foreign company and who would know if you didn't. My company has been thinking of creating a sort of "world company" package for people like you: solid main entity (Wyoming LLC for example); globally accessed banking, mail scanning/forwarding, etc. I'm curious if that would appeal to you (or anybody else on HN). Email me mattknee at google's mail system if so. Here's our general information page for international clients that might be helpful with other issues: http://www.mynewcompany.com/international.htm http://www.mynewcompany.com/international.htm Good luck!