Company set up advice - taxes

[JJ65090]

Hello Everyone,

I am looking for some more advice on the best way to set up and structure a company in order to minimise taxation. I have already spoken with one of the members regarding use of Darks and they have provided a lot of information so this is definitely an option but I wanted to look at the full range of scope also.

I have read a lot about the use of foundations > offshore company > IBC with nominated directors etc.

My activity is carried out throughout central Europe and is completely legitimate, my clients are ok to pay to wherever I direct them - personal and or corporate accounts , they also dont care if the name of these dont match with me. I am happy to use personal accounts also as long as I know CRS etc wont apply

My understanding is that the dark use comes with some legal risks?

The budget for setting this up can be relatively high as long as it is a sound and solid set up.

Do you guys have 'package solution' ideas that could work for this. My current adviser is suggesting a few options but when I look into them I see that CRS / AEOI look like they could cause issues for me.... I did see one that MAY be ok, it was just a personal bank account in Serbia that doesnt seem to report any information...

Please let me know the pros and cons of what you have already looked into and or what could work here ?

Thanks & happy to join the commnity
J

 

[bountymounty]

JJ65090 said:
My understanding is that the dark use comes with some legal risks?
Click to expand...

There are the people that see a risk in everything and that won't agree this to be a valid way. I give a s**t for these people, have had my corps registered in Jan 2017 with darks and EMI's not a single issue at all.

You may open personal accounts with some of the non regulated EMI providers you can find here:
List of EMI and Digital Banks
Best Mobile Banks 2018?

Otherwise a Foundation that owns 100% of the shares in a trading corp will protect you as well, but much more complicated and much more paperwork each day.

 

[JJ65090]

When I say legal risks , i mean you are using someone's identity aren't you ?

As for EMI personally, these still report right ?

Foundation setup may be the best risk/reward trade off if I don't want to ”˜compromise”˜ a legit set up ?

If I'm wrong let me know !

Cheers

 

[blizz]

JJ65090 said:
When I say legal risks , i mean you are using someone's identity aren't you ?
Click to expand...

just using darks, works fine.. I don't use darks hi%#

JJ65090 said:
As for EMI personally, these still report right ?
Click to expand...

Most of them don't, you need to check if they are owned by bank and if they are a subsidiary of a bank or a "stand alone corp"

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[symon]

CRS will apply sooner or later...

Do you have any client located outside of your country? if so, just invoice them from your offshore company and spend the money directly...

 

[JJ65090]

symon said:
CRS will apply sooner or later...

Do you have any client located outside of your country? if so, just invoice them from your offshore company and spend the money directly...
Click to expand...

I work in Eastern Europe for a client in Germany who pays a USA management company then they pay me .

Do you think an account in Georgia would suffice ? They don't report anything ATM and can easy open it with an ID card ?

 

[JJ65090]

JJ65090 said:
I work in Eastern Europe for a client in Germany who pays a USA management company then they pay me .

Do you think an account in Georgia would suffice ? They don't report anything ATM and can easy open it with an ID card ?
Click to expand...

I'm also a National if another country from where I currently pay tax if this helps

 

[symon]

JJ65090 said:
I work in Eastern Europe for a client in Germany who pays a USA management company then they pay me .

Do you think an account in Georgia would suffice ? They don't report anything ATM and can easy open it with an ID card ?
Click to expand...

do you have another source of income? only 1 client (US) ? my idea was to split between your local customers and the others.

 

[JJ65090]

Yes I have local client with a bank here. This is the part that gets declared. But I have the income from the us company that I am not sure what to do with yet. Would the Georgian bank set up be ok for this ?

 

[blizz]

if Georgia don't report as you say it is the best choice. Otherwise you want to look into a Foundation with trading offshore corp to hide your identity.

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[JJ65090]

Thanks.

Would a foundation > offshore corp > Georgia Account be worth setting up to add more protection then ?

 

[JohnLocke]

Yes it would, however, not sure if the bank in Georgia would accept a offshore company owned by a Foundation say in Belize, Seychelles or somewhere else.

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[JJ65090]

Admin said:
Yes it would, however, not sure if the bank in Georgia would accept a offshore company owned by a Foundation say in Belize, Seychelles or somewhere else.
Click to expand...

I can see it being a problem also, I will ask them regardless and then feedback here.

I think this set up would be as close to privacy etc as possible without going down the route of darks ?

Do we have any verified company that will set up the foundation + Belize structure that had been used / reviewed by members here ? Are you still promoting the offshore Corp group ?

 

[JohnLocke]

JJ65090 said:
Do we have any verified company that will set up the foundation + Belize structure that had been used / reviewed by members here ? Are you still promoting the offshore Corp group ?
Click to expand...

Well I don't promote offshorecorpgroup.com only. Actually I use them for almost all my company formation needs. In the beginning because they sponsored the forum but after long time also because I know them very good and they always deliver.

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[blizz]

one vote more for offshorecorpgroup.com have used them for a Belize company setup.

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