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Adam
Created on: 29/04/2010
Last post: 29/04/2010
Replies: 1 |
We are launching an internet based matching service for the US market. The servers, managers, directors and staff will be based in UAE or Singapore. If we set up a company in Cyprus will that allow us to not pay any taxes in the US and escape the witholding taxes ?
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Adam
Created on: 29/04/2010
Last post: 29/04/2010
Replies: 0 |
We are launching an internet based matching service for the US market. The servers, managers, directors and staff will be based in UAE or Singapore. If we set up a company in Cyprus will that allow us to not pay any taxes in the US and escape the witholding taxes ?
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Anonymous
Created on: 24/02/2010
Last post: 22/04/2010
Replies: 8 |
Could anyone comment on the consequences of an Austrian resident owning a foreign/ offshore company?
I'm thinking about the application of controlled foreign company rules to the ownership of a foreign company and what the effects would be. Thank you
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Anonymous
Created on: 21/04/2010
Last post: 22/04/2010
Replies: 4 |
We are a manufacturer located in South East Asia. We import materials from Europe as well as China and locally and then assemble them and export to other countries. We also sell engineering services as part of the package as these products require some engineering expertise. What would be the ideal low tax country base from which we could export our produce first before sending them to the final destination?
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Sepp Bududa
Created on: 02/03/2010
Last post: 17/04/2010
Replies: 9 |
Hi
I am a UK resident but was born in Malawi. I moved to the UK when I was a kid.
I am director of a UK registered Limited Company and also a Company based in the UAE free trade zone. Both companies trade internationally. We buy from one country and sell to another. Never does the product land in the UK or UAE. None of our clients or customers are based in the UK or UAE. Realistically, we could use any company structure in any jurisdiction to run this business.
Ideally, I would like to remain living in the UK but do not really like the idea of paying UK corporation tax or UK income tax. I have looked at having an IBC in BVI / UAE / Mauritius / Seychelles etc etc and using nominee shareholders and directors.
However, whichever way I look at it, it seems that I am unable to find a legitimate scheme (according to UK tax law) that allows me to live in the UK and continue my business without always being worried that there is some small chance that the UK authorities may investigate me.
There must be a totally legal way of trading internationally whilst living in the UK without being taxed by the UK authorities? There must be a country with a low or zero tax rate that has some sort of double taxation agreement with the UK or where the UK exempts the foreign structure from tax liability in the UK (as per the Foreign Controlled Companies rules).
If anyone has any ideas, please let me know!!
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Su Kami
Created on: 30/03/2010
Last post: 15/04/2010
Replies: 3 |
Dear Lowtax.net
I am a main share holder of a French stock exchange listed company. I would like to take dividends ouf of my company via a Madeira vehicle.
May I simply found a holding on Madeira, pay the dividends to that Madeira company (which shall be the holder of the stocks) and then from the Madeira holding company tax free back to me, the French private person?
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fboti
Created on: 09/04/2010
Last post: 14/04/2010
Replies: 2 |
I am a Swiss citizen retiring in a year time. I am owner of an apartment and plan to live 6 months a year in it. I would normally pay income tax on the revenues of my retirement funds.
However I will spend the other 6 months in Kenya where I have a house on the coast. With a resident permit in Kenya, I will be subject to income tax in that country. The “trick” is that as a retiree you are not working and therefore having no income. What you earn abroad is not relevant. Consequently the income tax is reduced to zero.
This looks like a good plan: no tax in Switzerland because the official residence country is Kenya, and no tax in Kenya because of zero income.
Can this work, or could the Swiss Government legally tax me on the allegation that I do not contribute in my residence country?
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Anonymous
Created on: 07/04/2010
Last post: 08/04/2010
Replies: 1 |
One our client is interested to register/establish (or buy existing) bank in Cyprus or elsewhere in EU (where easier and cheaper).
Please could someone recommend reliable/professional person?
Thanks in advance!
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Anonymous
Created on: 16/03/2010
Last post: 02/04/2010
Replies: 2 |
Hi,
I have the the qestion regarding online poker.
Individual who is tax resident in eastern europe country plays online poker and quite good at it. The winnings are transferred now into his bank account that is opened in the country of residence. Although the tax rate is not really high, there may be problems with reporting this proceeds to the tax authorities.
Could you please share your experience. Is it feasible to collect all proceeds on bank account outside country of residence free of tax and use debit card or online banking then. I believe that these arrangements should be common, isn’t it? If it is feasible, what is the right place to open and maintain such bank account? Any other solution that is worth of considering?
Thank you!
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Vlad
Created on: 25/03/2010
Last post: 29/03/2010
Replies: 2 |
Where do I find a Russian speaking global company registration agent? I am working for an official company registration agent and could help dealing with your Russian clients. My email is: info@eiropaskompanijas.com.
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Anonymous
Created on: 02/03/2009
Last post: 24/03/2010
Replies: 5 |
I do affiliate marketing for online gambling sites, and consider setting up an offshore company for tax purposes. Hong Kong seems like a nice suitable place, but do they have any restrictions or laws against advertising online gambling? My company would not directly offer gambling services to anyone.
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Jay
Created on: 13/03/2010
Last post: 20/03/2010
Replies: 4 |
Hello,
I am in the process of finishing a commission based global vacation rental business online. We take deposits of 200 - 1000 dollars at a time online.
I saw in an article that Anguilla banks do not allow ecommerce transactions.
Whats the bets place uae?
We are expected to earn over 400 k and would prefer to leave it off shore but still need to pay freelance or part time employees in the us and Europe.
Whats the best way to do this?
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John
Created on: 08/03/2010
Last post: 08/03/2010
Replies: 1 |
Hi, I am struggling to identify the ideal place to form an offshore company. I am a UK citizen but have not lived in the UK 5+ years & am currently living in SE Asia. The business will buy products from a Japanese company & onsell into UK, EU & the rest for the world, perhaps through new co's formed in each country.
I wish the Corp profits to be offshore and as I have no permanent place of residence as such any payments to me to take place in an environment where there are little or very income taxes but satisfy tax law requirements.
Is there a country in Europe I can have tax residancy with low taxes (without having to spend the majority of time there) that will allow me to spend more than 90 days per annum in UK? I read about Bulgaria but is Switzerland an option?
Regards
John
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Rajesh
Created on: 27/05/2009
Last post: 08/03/2010
Replies: 9 |
Hi im looking to incorporate offshore for the following setup:
I am a UK citizen, currently living/domicled full time in the Netherlands (currently paying PAYE income tax in Holland from full time employment).
I want to set up up XYZ limited offshore (open to all suggestions). Which will operate a financial derivative trading (investment) account with one of the large futures trading companies in London. The trades can be physically done from anywhere in the world.
Individual A invests/lends funds to XYZ limited which then deposits the money with a marketmaker/broker in the name of XZY limited. XYZ then invests the money in various automated investment trading strategies. If the company successfully makes a profit, then funds are transferred from the trading account back to the offshore company. The funds can then be transferred back to Individual A (which will then be responsible for his/her own tax liabilities) and commissions/management fees will be built up offshore in the bank account of XYZ limited. Is there anyone that is familiar with this kind of set-up or can reccomend a more optimal way of doing this?
Requirements I have:
Zero tax offshore liabilities.
No annual reports / records required.
Cost effective i.e. relative to other jurisdictions
Privacy / no personal records kept on file.
minimal annual fees / maintenence.
confidential / privacy
fast setup
Bank account requirements:
With large respectable bank - safety of deposits.
online banking - easy wire transfers in/out of the account
ATM / debit / credit cards linked to account - large withdrawel limits.
Physical withdrawel of large amounts of cash direct from bank account (if so required).
Fully English speaking service - with absoloutly no doubt of safety of deposited funds.
Willing to set up anywhere in the world that best suits my need.
Anyone that can help/advice would be much appreciated. Please contact me with email/contact details and ill be in touch.
Regards
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PermanentTraveler
Created on: 07/03/2010
Last post: 08/03/2010
Replies: 1 |
Hi all, I am hoping some of the experts here can share some insight on my situation.
I'm a Canadian/UK citizen. I work as an engineer for a Canadian company earning low 6 figures, but doing more and more work abroad. My employer has agreed to move me to a full time remote work schedule, with no need at all for me to return to Canada. I would become a contractor and invoice my former employer for my services.
I am planning to adopt the lifestyle of a permanent traveler and trying to sort out the best way to arrange my affairs to facilitate this. My research shows that in order to escape Canadian taxation I will need to show that I have emigrated to somewhere else. I am thinking about Bulgaria for its 10% income tax rate.
I'm very flexible about where I go and able to locate myself wherever is most advantageous. Generally though I will be traveling most of the time so I'd like to avoid places that need a lot of days in country or purchasing a home to qualify for residence.
My questions are:
- Is establishing another residence the only way to escape Canadian tax? If so, thoughts or advice on the best place to reside?
- What is the best structure for me to set up for contracting my services? Should I continue billing directly as myself, or set up a corporation somewhere?
- Any other advice?
Thanks!
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