Advice for creating a new offshore company away from Spanish clutches...
- Thread starter RaoulDuke
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Not mentioned yet;
Disconnect yourself from the property and land by moving the title deeds to a foundation or trust and “rent” your own property so to say.
Also consider using the (partial) use of parent - subsidiary directive by having for instance a Cyprus company taking a little share in your Spanish company. This opens up a dividend route and eases the way for the use of IP route.
Appoint (not just in name) a director in Spain and you have distanced yourself a little bit further from the Spanish based activity and will be able to employ Spanish workers.
And move. Not just︀ on paper but in all senses and limit your visit to Spain to below tax︁ threshold days. Make sure to stay in hotels even. Do everything to sever the ties.︂ Spain is, as you said, the worst country in Europe when it comes to taxing︃ citizens (and residents sometimes as well)
Disconnect yourself from the property and land by moving the title deeds to a foundation or trust and “rent” your own property so to say.
Also consider using the (partial) use of parent - subsidiary directive by having for instance a Cyprus company taking a little share in your Spanish company. This opens up a dividend route and eases the way for the use of IP route.
Appoint (not just in name) a director in Spain and you have distanced yourself a little bit further from the Spanish based activity and will be able to employ Spanish workers.
And move. Not just︀ on paper but in all senses and limit your visit to Spain to below tax︁ threshold days. Make sure to stay in hotels even. Do everything to sever the ties.︂ Spain is, as you said, the worst country in Europe when it comes to taxing︃ citizens (and residents sometimes as well)
ahhh then I misunderstood. It is true you can do that. But to secure your company in the UK you want setup a small office / rent a office somewhere with some sort of administration. That will most often eat up the 1-2% the processing company receive. still you will do good.
Not anyone specific. It depends on too many factors to recommend a company, or lawyer. Go through the step website to find a member close to you and setup an appointment. Explain what you want and listen to what is offered. Repeat this step with at least two others. Compare the answers given. If two or more give the same answer (based on your situation) then select one with whom you are going to work.
In general you want to find someone who has worked for and with UHNWI.
In general you want to find someone who has worked for and with UHNWI.
Are you still happy with your decission back 3 years ago? more important, did you get any troubles with the Spanish tax system because of your move?
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