India Information: Business, Taxation and Investment

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Topic: Lowtax.net General
Indian Resident: Want to open a trading company in Hong Kong? or UAE?
Hi,
I am from India. I buy goods from China and sell them all over the world. I would like to open a trading company abroad in Hong Kong or UAE so I can directly export from China without bringing goods into India. Can someone advise me how can i go about it? What would the tax implications be for me india. We have very strict Foreign Exchange Management Act (FEMA) here in india. By no means am i trying to evade tax, just it would just be convenient to directly export from China.Jilu81
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Topic: Lowtax.net General
Future of offshore trust industry
How are offshore Trust Companies doing recently with recent development of Obama's track down and Canada Revenue Agency's increased scrutiny. Are they declining in their clients and revenues? Are they consolidating or closing down? Respectively, are they kicking out Canadian and American clients or are they squeezed out from providing anonymous trusts and merely holding onto a fraction service capability as an asset protection device?

Is there a still future for offshore trust companies? Do you see this industry is set to decline permanently?



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Topic: Lowtax.net General
World-Check and similar
Dear Experts,

I am an expatriate doing business within legal scope in different countries of the world utilizing different IBC vehicles for international trading and one European Ltd Company with VAT registration for trading with/within E.C.
Lately I am being confronted with strange situations like bank acc/s in different places of the world where I am BO and/or signatory being closed withing short notice time or banks and revenue departments asking much more questions about supporting documents or nature of business than I am used to. Is there a chance to see whether my name or name of one of my vehicles might have gotten into 'red flag' worldwide databases?
I once heard about databases like WORLD-CHECK or similar who keep records maybe e.g. even about your unpaid speeding fines in Singapore and the Canadian immigration or bank clerk would see that and might nag you for that.

Is there a chance to get a report from these databases?
Maybe I got into such a database by mistake or by false suggestion me to be a Bad Guy?

Thank you for any help.

B R
R.Mr R
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Topic: Lowtax.net General
3 months in 4 countries
Hello. I am currently a resident of Spain, but when I stop work, I plan to spend 3 months in 4 different places (a priori Thailand, Brazil, Morocco, Florida). 3 months because this normally means you do not need much of a visa, you normally do not get to be a tax resident, ...and you don't get bored.
I assume I will have to chose a place to be a tax resident in, but my idea is that it can be a place like Panama or similar where I do not need to reside.
I understand that the pension I would get from Spain might be taxed in origin, but my money which is offshore and which would be my main source of revenue would not be taxed.

Do you think this makes sense ?

Also if you have any view on how one can organise yourself in terms of splitting the year in 4 countries, I will gladly hear it.Madrid
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Topic: Lowtax.net General
Country with no personal income tax on foreign dividends
I have business income from Norway. I currently have a Belize company which owns a UK Holding company which in turn owns the Norwegian companies. I am happy paying the corporate tax of 28% in Norway. I want to move to a country that will not charge personal income tax on any dividends that I receive from the Belize offshore company. I hold a UK passport but have never lived in the UK. Any suggestions would be greatly appreciated. Thanks
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