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Nominee Director Substance thought process.
I was talking mostly about having a "real" director in the US but that could potentially make the US LLC taxable in the US? Something else, what if you have a US LLC owned by two non-US persons, each based in a different county (say EU), each with 50% of the LLC. Where would that LLC be...- European
- Post #10
- Forum: Offshore Company
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Nominee Director Substance thought process.
Is the burden of proof not on them? I can imagine how you potentially could prove somebody is a director in 100s of companies but how do you prove they are not?- European
- Post #8
- Forum: Offshore Company
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Nominee Director Substance thought process.
Would a "real" director be enough to create substance though? I am talking about a friend or acquaintance that is not a director anywhere else, or maybe in one other company. You might pay them something for their trouble but you would be running the business. I am talking mostly of a...- European
- Post #6
- Forum: Offshore Company
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Freelancer working from Greece via his own UK LTD. Tax Planning options
CFC rules in Greece only apply to passive income as far as I know. Management is certainly an issue and the UK Ltd would likely be deemed a tax resident in Greece given it is effectively managed from there.- European
- Post #16
- Forum: Tax, Accounting, Licensing & Legal
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Freelancer working from Greece via his own UK LTD. Tax Planning options
Hi @archer 1. I am curious, why would you use an Ltd in the UK and pay corporate tax there vs for instance an LLC in the US, where you would pay no corporate tax at all (disregarded entity) as long as the LLC does not carry out business in the US (no PE or employees there)? In any case, I...- European
- Post #15
- Forum: Tax, Accounting, Licensing & Legal