Founding an offshore company... risks and benefits thereof - alternatives?

January 6th, 2009
  • SITUATION Becky is straight out of high school and is a highly talented artist who will do freelance work around the world for at least 12 months earning approximately 10,000 U.S. Dollars per month. PROPOSAL Becky proposes to form an offshore Corporation in Belize with a trust formed in the Bahamas and a bank account in the Isle Of Man. QUESTIONS What is your recommendation to Becky's situation? Is her proposal legal? CLARIFICATION Please advise on at least two legal avenues Becky can take (including the proposal above if it is legal) and the associated risks/benefits and costs, followed by detailed information on the recommended avenue for her situation. MISC. Becky has never owned a company nor does she have a tax file number. She is an Australian citizen.


  • Is this question understandable? Too difficult for the List Price? Please advise.







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