Seeking Advice on LLC Formation for IT, Zero Taxation, and Bank Account Options

[MyPrinter]

The idea here is to avoid paying dividends (and the corresponding‍ taxes) by purchasing property directly on the company.
Yes, rental income still belongs to the⁠ company, and rental income is usually subject to local taxes. However, at least the "body"⁤ itself shouldn't be taxable.
Then it way to pull them as dividends, within appropriate residence, of course

 

[daniels27]

Yes, this could fly under the radar in the Ukraine.⁤ Probably not completely legal but probably save enough for some time. Better not invest in⁣ real estate in the Ukraine, I would suggest.

Yes. Depending on the︀ country, they may be dividends or personal income. Just chose properly.

 

[MyPrinter]

Just discussed following scheme:

1. UK LTD, cheap service, easy to open account payment system,‌ respectable jurisdiction (for US customers especially), US-income is not taxable in USA, 19% taxes on‍ net income - no problems with UA reports as its higher.
2. How to reduce⁠ taxes? He suggested to ask EU companies to convert income into USDT, that companies just⁤ sign invoice for non-existing service and do the conversion. Said, that micro companies (<1M$) which⁣ is not contact with local UK customers/employees etc. are not subject of interest for UK⁢ gov.
3. Money will be anonymous and in crypto, thus, can't be legally used to︀ buy real-estate. However, for the first time, that’s okay for me.

Is it real or︁ still some risky problems?

 

[daniels27]

Not exactly legal,⁠ but from UA perspective not too risky if you state so.

You mean, you pay out money from UK to︁ EU that way? Of course no EU company wants to be included in this scam.︂ Especially not for free.

 

[MyPrinter]

Why first item is not legal? Everything is clear and reported,‍ for UK as well as UA
The company makes transfer to some⁣ EU company (not mine) as "advert" or "service", that EU company pays USDT to any⁢ wallet. Fees, as they said, about 2-3%

 

[daniels27]

Where you pay profit tax?

If you find a EU company that does this for such low fee, you can⁤ do this. Completely illegal but of course possible.

 

[MyPrinter]

In this case profit should‌ be taxable under UK, 19% corporate tax
Someone I spoke about this scheme said: the UK gov tends to⁠ overlook companies under 1M$, especially if they have not local UK owners, customers, employees, or⁤ other stakeholders.
Ahh, probably you are right, thanks, seems not so legal way.
Meanwhile, I⁣ should say, during this discussion I'm almost believed in this way and was mind-blind. Of⁢ course, that was just a pre-consultation and no decisions are made.

So, better to keep︀ Hong Kong with legal 8.25% and claim 0% for US-based customers and US LLC disregarded︁ entity for others, right?

 

[daniels27]

But you manage it from UA. That's why I said not exactly legal,‌ but UA won't care.

Yes, but you will need somebody in the EU etc.

Well, you don't care︀ at all about UA? Then why not just a US LLC / Hong Kong Limited︁ with off-shore at 0% / Singapore Pty Ltd at 0%?

 

[MyPrinter]

Not at‌ all, obviously, better to prepare at least:
- buy something for the company (not in‍ ukraine or HG)
- made real payments to anybody else (not in ukraine or HG)⁠
- probably use nominee director (don't want to use it as it takes some amounts)⁤
And yes, be ready for defend one's interests in court
I've tried with Singapore and it seems that active companies⁢ income is taxable in any case. For micro-companies - some tax deductions. But still not︀ 0%. And slightly more expendable due to local Nominee
Or I missed something?

 

[MyPrinter]

Yesterdays person can suggest some king of companies

You know what? Thought about that dialog and‌ got following point: described case with UK is completely illegal, money will be in USDT,‍ why to use my docs, better to search for someone. But this is not legal⁠ and this is not way should I do, as I'm not lawyer, I'm scientist and⁤ developer. I can do some tax optimizations, but keep in mind every financial step takes⁣ time away from my main business