Where is the best place to open an offshore for a trader?

Trading requires high earnings, and high earnings result in high taxes, which, of course, no one wants to pay.

Classic offshore companies are usually opened by large companies or financial structures to evade taxes; it would seem that why would a trader bother with registering a company.

But it all depends on how much you earn and how much you are willing to pay in taxes.

For example, a conditional trader earned $3,000 or 120,000 rubles in a month; the current tax rate is 13%.

That is, you will have to pay about $390, and some earn even more. Since I consider myself one of those few, I had to specifically address the issue of conducting trading operations from a legal entity, aka a company offshore.

1. Which offshore is better to choose - mainly Seychelles, Belize, Panama, Dominica and some other jurisdictions, for example Scotland.

First of all, we choose a jurisdiction in which you will be completely exempt from taxes, for example, if you register a company in Scotland, you will have to pay taxes at the place of registration or use a complex scheme to avoid them.

But in Dominica, the company is completely exempt from taxes for 20 years, all taxes are replaced by a special fee.

The price is around 1200 dollars and you will have to pay the same amount every year.

That is, only 100 dollars a month, and this is no longer 390. Opening a company is a matter of a couple of days, companies providing a similar service are currently just a sea of ​​\u200b\u200bon the Internet.

2. Bank - a company needs a bank account, it is clear that it is better to choose a foreign bank, namely a bank and not a Russian representative office.

Opening an account takes place through the same company that opened your offshore; accounts can be opened in the Baltic banks and in Cyprus without any problems; at the moment this is the best choice.

Price - opening another 300 dollars.

Maintenance will cost about 30 dollars a month, for this money you get a plastic card and Internet banking.

Now we can conclude that legal Forex trading will cost you about $130 per month, that is, using such a scheme is beneficial if your income is more than $1,000 per month.