Firms in Canada and East Europe. How to send invoices?

Status
Not open for further replies.

k0t

New Member
May 2, 2019
12
0
161
Hi, Wizards!

I am a dual citizen of Canada and an Eastern European (non-EU) country.

I have this:

1. Company 'A' in Canada where I am a single owner as a Canadian citizen and have paying clients
2. Company 'B' in Eastern Europe (non-EU) where I am a single owner as that country's citizen. this company can execute sub-contacting for 'A'

I want:

- Send invoices from company 'B' to my Canadian company 'A' so it can expense them and optimize taxes.

My problem:

- My name is the same in both passports, there is no way to hide ownership of the company 'B' so basically I'll have Foreign Controlled Rules applied and it makes no sense then.
How I can have some intermediary to hide one side of transaction. Business is LEGITIMATE so no need any darks or another super/extra stuff.

Please help and thank you,
- k0t
 
Thank you for your reply. I have already been thinking about this , however too much‌ stuff (properly, bank accounts, cars etc.,) bound to the current name.
 
Anyone, please can you help? Really need a solution. Is cross-invoicing with someone can be‌ an answer?
 
Hello, I‌ have googled. Didn't find anything reliable. Found one website (don't know if I can mention‍ it here), but it seems they are going to invoice from offshore/semi-ofshore country like (Panama,⁠ UAE, Cyprus etc.). I don't know if that will be convincing enough for my country's⁤ taxman.
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

User Menu