17 Dec
2003
17 Dec
'03
11:17 p.m.
Thanks, but no thanks. I don't need a shell account at $1,200 a year.
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. -- Vince