About Limited Liability Company (LLC)
Limited Liability Company (LLC) is a hybrid entity that combines advantageous elements of two common business structures - corporation and partnership.
One may say that the new Belize offshore LLC Act is probably the best LLC Act in the world! In Belize, LLCs are regulated by Limited Liability Company Act (2011). This act is elaborated based on previously existing LLC regulating legislation of Nevis, Delaware, Cook Islands and other jurisdictions. How is it the best then, if it is created based on all the other legislations? Exaclty because of that - Belize took the best of all and added that little extra to make it even better.
Little Background and more about Seychelles Limited Partnerships
Historically Limited Partnerships dates back with the 3rd century BC. It is presumed that in this time in Roman Empire Limited Partnerships where vehicles formed similar to today’s corporations, but with the requirement for one or more partners with unlimited liability. Today Limited Partnership is well defined and by definition is a relationship between one or more general partners and one or more limited partners engaging to conduct a business jointly with a common goal to make a profit.
Experience shows that many clients who establish offshore companies for trading purposes, at some point decide to let go the company as they cannot understand the right way to operate it when selling their digital services to consumers based in EU.
I have been doing some research in order to understand this side of VAT rules and want to share this with you!
E-commerce, (aka electronic commerce), is a type of industry where buying and selling of product or service is conducted over electronic means, using systems such as the Internet and other computer networks.
I don’t know, how about you, but I mostly shop online. At one point I would not even bother go to food supermarkets, instead do my shopping online and have it delivered to me, most of the big food supermarket chains, other shops offer home delivery for idlers like me.Internet shopping is extremely popular and convenient, as there are many services and products, that you cannot find anywhere around where ever you live and also if you just feel lazy to go somewhere.
If you have an active trading business, merchant account really is a must! Sure you can have your requisites and ask your buyers to pay through bank wire transfer, but, in reality, that is not very convenient for the buyers. Firstly, because banks add charges, secondly, it takes much longer than an instant credit/debit card payment.
Sure, you need to explore this option and decide if it is suitable and needed for your business, depending on your business model and offered services.
Many clients have been recently asking this same question.
And the answer is NO. For BVI, Belize or Seychelles companies all parties involved (beneficial owners, shareholders and directors) have to be of age (at least 18 years old).
For those who do wish to ensure that, in case anything happens to them, we can offer the establishment of Trust in Belize or Seychelles. This vehicle can serve as a good asset protection and extra shield of confidentiality for your company too.
You can read more about trust in my previous blogs here:
The origins of Trusts…
Settlor, Trustee, Beneficiray roles in a Trust
Mix and match for better asset protection
Having difficulty in deciding to establish Trust or Foundation?
Thank you for reading my post! And you are welcome to leave comments, feedback, suggestions for other posts or contact me for more information.
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