I want to start an online business with sole 100% foreign ownership. As it's an online Marketing and Design business, the registration for me is just a legality and something that will support my credibility. All my operations will be conducted online. I've read many articles about the best countries to start a business in, and I can see many recommendations going to New Zealand, Australia and Singapore. I've read a lot about each country but I also believe getting practical recommendations is essential. Which country do you recommend for an online business model? In terms of ease of starting a business, laws, country stability, credibility, taxes and ease of business growth in terms of operations (such as office rental costs..etc) Looking forward to hearing from you and even talking further about it after your answer.
This is highly contingent upon where you are based (and official tax resident) as you stated you will be the sole owner. Recommend you speak to a tax attorney for this regard.
Since you are a sole owner, an LLC might provide better liability/asset protection. One country to look at may be Nevis - which gives excellent asset protection and is 'tax-transparent'.
A LLC in a pro-business state in the USA (Wyoming, Delaware, Nevada) is another option which has a good reputation, and low cost to get up and running. However, longer term accounting and compliance can be more expensive than some other jurisdictions.
You mentioned supporting your credibility - in that regard Singapore and Hong Kong are two reputable jurisdictions with minimal red tap, with 0% effective taxation possible if no transactions take place in the jurisdiction*. This is a general overview and not legal or tax advice.
Answered 9 years ago
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