Excerpts from internet.cypherpunks: 10-Feb-96 Re: [NOISY] Re: New Interne.. by Vincent Cate@offshore.co
It is clearly not for everyone. However, someone running a business over the net should really think about how much they pay in taxes to see if forming an offshore corporation and getting an offshore web-site makes sense.
Basically if a net business is paying more in taxes than the extra costs to operate an offshore corporation it can pay to relocate. The operating costs are the web-site/email $1,200/year and about $500/year to maintain a corporation (~$1,000 first year). So even a small business can justify the move.
Thanks, Vincent, for a well-reasoned reply. While I'm not likely to sign up in the near future -- unless the situation here worsens dramatically -- I wish you well with your attempts to solicit businesses as customers. Good luck! -Declan