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Is it time to start looking into offshore incorporation and hosting? I believe that if you do that you can protect yourselves from the new legislation (I am not a lawyer). I believe the bigger problem is going to be the diminishing number of US players.
I ran into similar problems where I was not allowed to play on certain casinos because of where I live, I have overcome this problem by setting up vpn servers offshore and overcoming these restrictions, now if a high roller would want to still gamble online they could also open an offshore corporation to do that and then use a dedicated vpn service to access the casinos.
In my opinion such a service would benefit everybody and would be pretty simple to setup, I will be discussing this with my lawyer and possibly start offering this service to our affiliates.
It’s quite simple to set up an offshore structure.
Nominal/bearer shares with an Attorney Power, Nominal Directors, Virtual Offices etc.The only restriction is to find out if in the country of residence of each affiliate it is legal or not to hold Tax Heavens Corp shares.
Could be wise to wait at least 60 days to make a moving like this.
It is too early.
I agree and ask that we all do some research on this topic today and post links to sites offering information and services on setting up an offshore corporation.
The countries I am personally interested in are all British Commonwealth nations:
Bahamas
Bermuda
Cayman Islands
Antigua
Barbadoshttp://www.procoform.com is one
OK
I find this company very suitable
xxxwww.unitrustcapital.comA canadian company with years in business.
Anyway do not make arrangements without an appointment with your local attorney.
Found this one on google: http://www.wsr-corporation.com/en/offshore.html
Professor the Bahamas is a nightmare to incorporate, you have about 10 forms just on due dilligence. Cayman is easier in that case but costs more than the Bahamas. Bearer shares are issued but only a certified copy is issued while the original remains with the registered agent which issues a custodian letter to the client.
Belize is better in this case and is more lax.
If you need more detailed information let me know and I would be more than glad to help.
Bahamas has a lot of requeriments because they are now “white listed”.
In Belize bearer shares must remain also in the Resident Agent Office.
Even I have some knowkedge about this offshore world I will make some research in Anguilla. I read some good comments about this island.
be prepared to leave the united states physically, offshore moves and incorperations will not assist you if they see your involvement with somthing they deem illegal..
I agree with freechips. But if you just plan to market gaming to non-Us visitors then an offshore structure is probably the way to go.
not that I am trying to advertise our services but our affiliate program includes the hosting and website creation, and we are in the process of moving our servers outside the United States, also the company that would do the payments does not have Gaming in its name, being an aggregator your identity as an affiliate is even kept secret from the casinos themselves. The only trace back to you are the payments and the domain name which we are also willing to register for you.
My company is incorporated in the Turks & Caicos.
Funny how things happen just returned from Aruba on Friday. I was very trying to finalize the purchase of a small office building five offices two-story. The advantages of Aruba are they have separated themselves from the ABC islands and are now independent. Similar to Puerto Rico. They are very encouraging for new businesses and give lucrative tax breaks for startups. Also with the population of only 80,000 off-season. Governmental procedures are more personalized. Things do move slowly but they have recently installed up-to-date Internet services. Licensing is inexpensive but time-consuming. Banking is guaranteed by the Dutch. The only possible disadvantage is that the banking system reports every transaction to the United States from a US citizen regardless of the amount. My original intent for the building was to set up a couple of servers and use the building as my physical address for licensing and affiliate operations all done remotely from the US. I was offered the opportunity to open HOSPITALITY BAR another gray area business openly accepted and licensed but officially does not exist. The Dutch go figure
mcscsIncorporation fees:
USD 975.00
Registered agent fees: USD 325.00
Government fees: USD 285.00
Registered office fees: USD 325.00
Total Cost Of Incorporation USD 1910.00not sure if everyone gets the point, if your incorperated offshore, it does no good if you live in the US?
