The ball park is about right and the presences runs about 10-20k - it makes a lot of sense when you are looking at 1M.
But if you travel or have the ability to use the earnings without repatriation. (Caution - this thought would be closer to the letter of the law rather than the spirit - one needs to seek professional counsel with more accurate and current information - std cya). Sent from my BlackBerry device on the Rogers Wireless Network -----Original Message----- From: John Jardine <[EMAIL PROTECTED]> Date: Sun, 28 Sep 2008 02:09:37 To: <[EMAIL PROTECTED]>; CLUG General<[email protected]> Subject: Re: [clug-talk] Administrivia involved in setting up a businessin Alberta Thanks - this is closer to what I was looking for. The money would eventually come back into Canada so I think finding my own personal Ireland is the way to go. The last time I checked into this the bar was 100K, I would think it is a little higher now. On Sun, 2008-09-28 at 08:03 +0000, Kin Wong wrote: > 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 _______________________________________________ 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
