0% Tax from Corporate Profit to Personal Income - Singapore, HK or Panama company - controlled from Isle of Man - Qatar/Bahamas shareholder

[eventhorizon]

Hi,

Opinions needed, do you see any issues in this setup?

Operations company: Incorporated in‌ a territorial tax jurisdiction. e.g Singapore, Hong Kong or Panama

Controller/Active Director: Based in 0%‍ corporate tax Jurisdiction. e.g BVI, Isle of Man

Shareholder (Natural Person): Tax resident in 0%⁠ dividend tax jurisdiction. e.g Qatar, Bahamas

I understand that the company might as well be⁤ in BVI / Isle of Man etc, but opening a bank account would be impossible.⁣

I know that there are many unknowns such as type of business, but correct me⁢ if i am wrong, in most cases, this would be 0% tax, from corporate profit︀ to shareholder income through dividend?

 

[alpakiwi]

In my experience, opening a bank account for an IOM company takes time, but it‌ is relatively easy with Barclays or Capital International. If your clients will be based in‍ EU, I believe it would be better to have it there because of SEPA. Also,⁠ I believe is difficult to find one director in IOM that won't be the CSP⁤ at the same time, managing the entity.

 

[JonnyStekkino]

I would consider also an US LLC instead of those more expensive options you listed.‌