Offshore structure, bank and agent

[msantoso]

Hi,
Obviously this is not a new topic: what is the right offshore structure for an individual investor? (i live in a country in SE Asia, where income from abroad under personal name is not tax free.).
Currently I have invested globally via online IB. I am currently exploring whether an offshore structure can streamline my investment activities.
Which jurisdiction do you recommend, and is there an agent that you recommend?
Thank you in advance.

 

[Martin Everson]

Difficult to say without knowing which country you are resident in and why you want‌ to go offshore. "Streamline" does not really tell me much about what you are trying‍ yo achieve 😕.

 

[asusanti]

Hi, same problem here.
I am investor living in Indonesia and invest globally via online‌ broker.
Income from abroad is not tax free in my country.
Is there a company‍ structure that can be created to save/eliminate this tax?
I'm looking for an offshore agent⁠ to help me make this happen.
Is there a recommendation for an agent that you⁤ suggest?
Does anyone have experience dealing with:
https://offshoreincorporate.com/
?

 

[troubled soul]

Cheap : Belize IBC .
Expensive :UAE Freezone .

 

[lavel]

not sure if you are here to spam there link‍ or if your question is valid ca#"!

But if you do a google search on this⁠ forum you will find reviews about this provider, enter below in Google!


Code:


site:offshorecorptalk.com offshoreincorporate.com⁤

 

[Martin Everson]

Not really. Indonesia has CFC rules, exit tax, anti avoidance rules and‍ economic substance requirements etc. If you decide to go the route of an offshore structure⁠ do do everything at arms length it won't be cheap and will still fall flat⁤ as CRS reports the UBO for any bank account tied to an offshore structure. Using⁣ banking in a non-CRS country wouldn't be wise also as you would be storing up⁢ problems for the near future. You may want to simply pay the taxes or move︀ country but in any case speak to a local tax advisor first.

 

[asusanti]

Thank you.