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Topic: Lowtax.net General

online poker

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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Topic: Lowtax.net General

What's the cheapest offshore company formation service?

I'm from the EU, and would like to open a company (either inside or outside the EU) that would allow me not to pay VAT when buying Internet services from the EU (typically from Germany). It would also provide me with a more professional name to hold all my domains and Internet services, and help me keep my home address private.

Can anyone suggest a good service that will take care of this? Cheapest meaning it shouldn't be too expensive to open AND maintain, as I won't really be trading anyway (using services for my own benefit at the moment, so I also don't need bank accounts etc. for the company)... Anto

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Topic: Lowtax.net General

Austrian resident/ foreign company

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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Topic: Lowtax.net General

Danish video production company going offshore

A Danish video production company (adult entertainment) is looking to move/outsource certain business functions to a low cost/low tax location.

Any suggestions from people with experience in outsourcing of activities, effective balance sheet management techniques, and redeployment of cash flows will be appreciated.

Please, keep in mind that this is more than just about taxes, and that given the nature of the business, a number of locations/banks may not be considered as an option even as an exercise in eccentricity.

Regards
Albert

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Topic: Lowtax.net General

Incorporating a travel ecommerce business

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? Jay

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Topic: Lowtax.net General

Tax Advice

We have a Limited company in Hong Kong, and I am a resident of India.

I'd like to ask, how I can bring my money to India from our Hong Kong Company by paying minimum tax.

I'll be really glad if you can advise us.

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Topic: Lowtax.net General

UK resident, non-dom question

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!!

Sepp Bududa

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Topic: Lowtax.net General

Where should I setup an offshore company?

I sell software on the internet. My customers are all round the world. I am UK based at present, but I would like to move overseas.

Which country should I setup an offshore company in? I have considered a GBC2 company in Mauritius but can anyone recommend another country?

Many thanks in advance. James

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Topic: Lowtax.net General

List of business adresses in the Bahamas

At the moment I am doing business with a few small businesses on the Bahamas. How is it possible to get a list of other businesses for the Bahamas so that I couls contact them? Daya

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Topic: Lowtax.net General

business with Africa

I am French resident living in france (I can change if NECESSARY), I got business in some countries in africa : wood, gold,...and its time for me to creta a company ,I would to know what would the best case for my business in terms of low taxes,banking,... and my personal income too ! please it is urgent to get answer and meet someone who can set up all my administration...
Ralph

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Topic: Lowtax.net General

Best way to go

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 John

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Topic: Lowtax.net General

Offshore company incorporation / Offshore Bank Account advice needed - Futures trading / investment setup required

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

Rajesh

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Topic: Lowtax.net General

Permanent traveler tax advice sought

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! PermanentTraveler

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Topic: Lowtax.net General

structure advice

I live and work in Hong Kong. Thinking of investing in a UK company in the tech space as mixture of debt and equity. Is there a cost-effective structure to receive interest payments gross on the debt investment. I know dividends received would essentially be paid without any real witholding tax consequences but interest payments paid directly to a Hong Kong individual or company would suffer from witholding tax on the interest payments. What options are there to avoid this witholding tax?

Kenny

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Topic: Lowtax.net General

Hong Kong Company

Hello,

anyone knows a lawyer who can setup a Hong Kong trading company and company bank accounts in multiple jurisdiction (f.ex. France, Germany, Spain, Italy) with a signatory to allow clients a domestic bank wire transfer?

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Topic: Lowtax.net General

Adult content

Hello, can you recommend offshore banks for adult content websites?

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Topic: Lowtax.net General

Offshore Company Advice

I have just set up a new company that is not reg as yet, we specialise in property search and property consultancy advise for wealthy clients around the world, we have over 25 offices all in different locations around the world, who are all freelance, the company will get paid from the client then pay a percentage to our freelancers, before i register our company, what is the best country for tax and banking for our new company and what is the best for paying our freelancers? i am also not resident in the UK, i was thinking about Gibraltar? can anyone please advise before i maybe do the wrong thing. I am a UK businessman of 25 yrs and only 18 months ago moved away from the UK to Europe - your advice appreciated!!!!

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Topic: Lowtax.net General

South Africa

I need to obtain information on how to import goods into South Africa. Where could I read up on information about the regulations. Are there any business fairs which could be used as a contact base? I mean S.A. does have problems with security. Is it safe to do to such fairs? UB

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Topic: Lowtax.net General

Offshore banking and investing for an American

I am currently living a and teaching in Thailand and want to start an offshore account that will allow me to save and invest my Disability pay and some of the income from teaching in a single vehicle that will allow me to appreciate at a higher rate and allso reduce the taxes on both incomes. Dale Johnson

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Topic: Lowtax.net General

looking for a tax solution for my sales commission

i´m living in Austria and i get 20000.- Euro yearly sales commission from Hongkong. How can i avoid the income tax in Austria? Furthermore i think about a tradecompany which can buy and sale good from Asia to Europe. Please let me know your ideas.
Thank you Peter

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