What you are looking for is a country that has a tax treaty with Canada so that you are taxed in lower tax jurisdiction. For example Ireland has zero tax on royalties on software and oringinal art. You need to have a company presence in Ireland which involves hiring a service that gives you a mailbox and a presence. This is important if you are planning to repatriot funds to Canada.
If you don't plan to repatriot funds, then it does not matter where your company operates from. Then company could issue a credit card that you can use abroad which is one way to access the funds without bringing the funds to Canada. You should go see a tax lawyer that deals with tax havens. There aren't too many and you need a certain threshold to make it worth yourwhile. Sent from my BlackBerry device on the Rogers Wireless Network -----Original Message----- From: John Jardine <[EMAIL PROTECTED]> Date: Sun, 28 Sep 2008 01:42:03 To: CLUG General<[email protected]> Subject: Re: [clug-talk] Administrivia involved in setting up a business in Alberta I'm thinking the people in the Registry have a vested interest in keeping the business in Alberta. Ditto for City Hall. I was thinking more along the line of setting up a company in the Caymans (http://cayman.com.ky/formcmpy.htm) or even Switzerland (http://www.business-dialog.com/company-formation.htm). The IncomeTax is really low and I currently don't understand why I'd have to setup a Canadian company to receive payments from Canadians over the Internet. That company could then buy/lease servers in the US & Canada but functionally operate out of the lower tax jurisdiction. I see the banking and payments as a separate problem - it may be easier to setup where the company is registered. Both the Caymans & Switzerland have great banking facilities so that shouldn't be much of a problem. Cheers, J.J. On Sun, 2008-09-28 at 01:05 -0600, Shawn wrote: > The people at the registry depot are normally aware of the different options > here. But, when in doubt, consulting a lawyer would probably be the best > bet. > > Oh, you might also want to talk to the business department at City Hall. > They > might "require" a license. > > Shawn > > On Sunday 28 September 2008 00:22:46 John Jardine wrote: > > Hi, > > > > I'm not sure where to go with this... > > > > I'm in the process of setting up a business. Currently it's a > > Registered Partnership in Alberta. Both principals are Alberta > > residents. > > > > This is an Internet based business. Revenues are expected to be 80% > > from US, 15% from Canada, 5% from other. > > > > Servers will be located in Calgary (initially). > > > > I'm trying to stay a step ahead in terms of tax jurisdiction and legal > > jurisdiction. I want to eventually be able to have the business reside > > in a low/no tax jurisdiction along with a low/no exposure to nuisance > > lawsuits environment. > > > > Because the business is essentially a couple of boxes and some custom > > software it can "be" anywhere. > > > > Anybody done this? Anybody know who to talk to about this? > > > > Thanks, > > J.J. > > > > > > _______________________________________________ > > clug-talk mailing list > > [email protected] > > http://clug.ca/mailman/listinfo/clug-talk_clug.ca > > Mailing List Guidelines (http://clug.ca/ml_guidelines.php) > > **Please remove these lines when replying > > > > _______________________________________________ > clug-talk mailing list > [email protected] > http://clug.ca/mailman/listinfo/clug-talk_clug.ca > Mailing List Guidelines (http://clug.ca/ml_guidelines.php) > **Please remove these lines when replying _______________________________________________ clug-talk mailing list [email protected] http://clug.ca/mailman/listinfo/clug-talk_clug.ca Mailing List Guidelines (http://clug.ca/ml_guidelines.php) **Please remove these lines when replying _______________________________________________ clug-talk mailing list [email protected] http://clug.ca/mailman/listinfo/clug-talk_clug.ca Mailing List Guidelines (http://clug.ca/ml_guidelines.php) **Please remove these lines when replying
