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offshore company + bank account to invoice another offshore company
Everything is in good standing, the money is absolutely clean and need to stay that way, this is why I am trying to be careful and would rathe avoid a third party getting involved. I believe doing this money moving around is not against any laws ... please correct me if I am wrong there. ok...- Freeman111
- Post #9
- Forum: Offshore Company
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offshore company + bank account to invoice another offshore company
No the taxes are not part of the problem here. In my example above the new company corp2 would not be in profit ever so no tax involved. Corp1 will pay some taxes and i will pay taxes on the salary, this is intended. There are many benefits to paying taxes and being a tax resident of certain...- Freeman111
- Post #7
- Forum: Offshore Company
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offshore company + bank account to invoice another offshore company
No worry about CFC PE and all this, doesn't apply here so that makes it a bit more simple. Perhaps transfer pricing might be a concern though ... I need to have my existing offshore company (let's say corp1) to be in profit and then move most of this profit as salary to a local personal bank...- Freeman111
- Post #5
- Forum: Offshore Company
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offshore company + bank account to invoice another offshore company
Thank you for the reply! Yes I am the owner of the existing offshore company where I need to get a monthly salary from, not sure if I can invoice myself. i was thinking offshore because I would prefer to avoid the paperwork and fees associated with audit and taxes ... perhaps Seychelles or US...- Freeman111
- Post #3
- Forum: Offshore Company
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offshore company + bank account to invoice another offshore company
Hi Everyone, I am thinking of setting up an offshore company with a bank account, transfer money to this company account from my personal account and then invoice another offshore company, we are talking way below 100k usd a year. What would be the best way to achieve this ? any downside you...- Freeman111
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- Replies: 8
- Forum: Offshore Company