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Mar 13, 2009, 09:49 #1
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How to create a Legal Entity that requires the minimum paperwork and expenses?(Web)
I do not know if this is the right forum for my question, please let me know.
I am a foreigner living in a Latin American country where regulations, invoicing, taxes, administrative procedures are oppressive even for a single freelancer like me.
I would like to automate the invoicing/collecting process for my web design products (web sites) with the minimum legal, administration, tax overload/overhead.
Local regulations are so huge and changing frequently, that running a freelance business is really tough. It is really a headache and I would like to operate in an easy and if possible free administrative/accountant/legal/tax environment. I do not know if I am asking too much.
Here even a single freelancer has to present to the state a monthly revenue/VAT/Tax formal declaration, plus the annual Tax forms, signed by a registered/authorized accountant, so I need:
1.- To invoice/charge my fees via web, that is easy with the available resources for invoicing, any suggestion on a nice web tool is very welcomed.
2.- An offshore or other type of legal company in a country/jurisdiction that allows me the minimum administrative/tax forms paperwork, minimum taxes and operating expenses, minimum everything, except the income
3.- I was told to open an offshore in the Delaware US state or Panama country, a lawyer told me that in Panama do not charge income taxes, I do not know if it is true.
4.- To spend the minimum fees in opening the "ideal" company and the minimum year operating expenses.
5.- Of course I have to create and run the company remotely from any country where I decide to live.
6.- Any other considerations and precautions I might overlook.
I consulted various opinions and they are different. I appreciate a lot if someone would like to share their successful experience and advise in this issue.
Thanks a lot