Hi,
Non USA/Europe resident/citizen. Looking for advise.
I'm a software developer and starting to work with a new client from Cyprus (up until now working locally). My activities are completely legal, however my tax in my country is high so I would like to avoid paying taxes as much as I can.
I don't need to stay in the dark I think it's overkill for my situation but would like not to be exposed to my local tax authorities in a reasonable manner.
I thought about forming a company in Seychelles with nominees and use and EMI to get the payments (10k-15k Euro every month) in SEPA transfer.
On top of that I have a legal way not to pay local taxes for the first 100k Euro, however it should be in the form of cash (with partial of it that can be deposited directly to the bank account).
I used Payoneer in the past for a different company I worked, they worked pretty good but I'm not sure they are my best option to pull cash without high commission. Notice the cash should be in local currency (not Euro) so the solution should allow me not only to take the money as cash but also reasonable exchange rates.
I saw transferwise has low exchange rates but ATM withdrawal are 2%. Do you know better solution?
Also will they work with a Seychelles company? Do I need to expose my real identity to them when registering or I can use my nominees information?
In my situation does it matter if I form the company in Seychelles or Belize? Any real differences?
Thanks.
Non USA/Europe resident/citizen. Looking for advise.
I'm a software developer and starting to work with a new client from Cyprus (up until now working locally). My activities are completely legal, however my tax in my country is high so I would like to avoid paying taxes as much as I can.
I don't need to stay in the dark I think it's overkill for my situation but would like not to be exposed to my local tax authorities in a reasonable manner.
I thought about forming a company in Seychelles with nominees and use and EMI to get the payments (10k-15k Euro every month) in SEPA transfer.
On top of that I have a legal way not to pay local taxes for the first 100k Euro, however it should be in the form of cash (with partial of it that can be deposited directly to the bank account).
I used Payoneer in the past for a different company I worked, they worked pretty good but I'm not sure they are my best option to pull cash without high commission. Notice the cash should be in local currency (not Euro) so the solution should allow me not only to take the money as cash but also reasonable exchange rates.
I saw transferwise has low exchange rates but ATM withdrawal are 2%. Do you know better solution?
Also will they work with a Seychelles company? Do I need to expose my real identity to them when registering or I can use my nominees information?
In my situation does it matter if I form the company in Seychelles or Belize? Any real differences?
Thanks.