best offshore company setup to avoid tax how?

[clemens]

What will be the best setup to avoid pay tax in Spain and what will be best offshore company country?


I have read a holding in Cyprus or Belize is good😕

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[JohnLocke]

There is no best offshore country/jurisdiction! Also we highly recommend to get in touch with‌ a local tax advisor or a firm specialised in corporate tax for Spain, in order‍ to avoid any complications.

A Cyprus Holding company can be used to reduce the tax⁠ for a European company if structured correctly you will need to elaborate a little in⁤ order to make any qualified suggestion.

 

[clemens]

Offshore holding company in Seychelles, Belize or Panama and trading company in a low tax‌ country like Malta and Cyprus that will provide you streamlined tax burdens! means you almost‍ don't pay tax 🙂

 

[clemens]

Thank you jpay:thumbsUp: I figured out that a Seychelles holding and Cyprus bank account is‌ sufficient, still I'm looking for a real offshore super secredt bank account.

What I'm looking‍ at is Tanzania (mentioned here a few times), still I aint won't to do so⁠ because of the countries history.

 

[JohnLocke]

Most are figuring out that a Seychelles company and banking in Cyprus will be sufficient.‌

 

[bitotan]

There are alternatives, that said, it is a good and cost effective solution to avoid‌ most of the beginner issues to take a business offshore.

 

[adjust]

I read that tax evasion is illegal but avoiding tax isn't illegal? If that is‌ true than the key must be to avoid to pay tax, so what structure will‍ help to do that?

 

[JohnLocke]

What make you believing such not⁠ to be true?

 

[provider]

In my country I can't do any of these, it is illegal at all 🙁

 

[bountymounty]

It still holds true to this day that tax evasion is illegal and can lead‌ to prison in severe cases.
However, reducing or attempting to avoid taxes by using legal‍ methods and potential loopholes in the law is not illegal.

 

[OVZA LLC]

If you’re still a tax resident in Spain, you’ll be taxed on your worldwide income‌ , so just setting up an offshore company won’t remove that. Spain’s CFC rules mean‍ that if the company is effectively managed from Spain, the profits can still be taxed⁠ there.

If you want a simple, tax-neutral setup outside the EU, St. Lucia and Antigua are both great options. They have zero corporate tax for offshore companies, strong privacy, and⁤ straightforward compliance. St. Lucia works well for holding and trading companies, while Antigua is known⁣ for flexible structures and good banking access.

To truly avoid Spanish tax, you’d need⁢ to either change your personal tax residency or ensure the company is genuinely run and︀ earning outside of Spain. Otherwise, Spain will still consider it taxable.

 

[brianK]

Spain has been discussed here many times, and you can find plenty of posts on‌ the topic. That said, this particular post is from 2011, over 14 years old, so‍ it’s probably not very relevant for the original poster anymore.

In general, for anyone else⁠ stumbling upon this thread: move out of Spain and into a country that aligns better⁤ with the tax rate you’re realistically aiming to pay.

The Spanish tax authorities are no⁣ joke, if you’re not careful, they’ll eat you alive.

 

[tacokai]

Stay out of Spain if you want to stay out of troubles.

Good countries to‌ consider are, Cyprus, Bulgaria, Romania, Malta, Montenegro and Gibraltar. Best "offshore" places in our current‍ time.

 

[Propeller]

Have you managed to get rid of it in⁠ the meantime and found a more tax-friendly place for your holding company?

 

[burden]

If you live in Spain or in any other EU country, move out while you‌ can or pay the taxes you owe, you’ll get nothing but trouble if you try‍ to cheat them.

Alternatively, get yourself a really good accountant and tax lawyer if you’re⁠ earning larger sums.