You might use a proxy to register the domain at GoDaddy and Namecheap or use a more anonymous one which accepts Webmoney payments, then buy a WhoisGuard protection (there is a free one with each domain purchase at Namecheap) to get the information about you in the Whois private. Then get an offshore hosting from the couple offered in this forum or anywhere else. You should be fairly fine that way, but if you are too much worried about your privacy and legality, you should seek for another business opportunities.