offshore structure for IT consultant in EU with EU clients

[negon]

Before you proceed with the Scotish LP check this thread Scottish LLP need more information‌ and fees please? there are several more on this forum also from different people.

I was looking into it for some months ago, but things have changed there which means‍ as to my knowledge about Scotland (which isn't that much) and the research I did,⁠ there is no privacy any longer!

 

[MrBeasts]

I open an account︀ with WorldCore and also with LeuPay and Breder Suasso as I read all four financial︁ services get good reviews.

 

[negon]

That is possible as‍ long as it hasn't been registered for VAT!

 

[cutmetwo]

Worldcore works exactly as I wanted. Advance cash was very easy to open.. not problem.‌ A Cyprus company is the next I'm looking at since I can't figure out if‍ a Scottish LP will be better.

 

[orangeye]

I don't think this is the wrong way.. not at all. With a Seychelles company you︀ get the privacy that most of us are looking for. If you even use the︁ dark docs it's get better. Even if you setup the company in a legit way︂ it is useful for privacy reasons and legit tax planning between a Cyprus and Seychelles︃ corp.

 

[bonox]

As already suggested.‍ You start with the Seychelles company once you have the documents and figured out how⁠ this works you can use this company to start a Cyprus company. Appointing nominees is⁤ a option but I would avoid it unless the agent has already introduced this nominee⁣ to the bank where you are going to open the account with!

 

[bonox]

Scottish LP can be useful but you will have to pay taxes personally. I have‌ only seen failed setups where the service provide claim the partners in the LP to‍ go free of tax! People are now a days charged TAX on world wide income!⁠ I can't see how you will avoid it with an LP!

 

[FullDISK]

You need to pay taxes personally in your Country for all Offshore Companies because⁣ if you get dividends you need to pay taxes under that dividends, but that's the⁢ problem, no one do that lol A LP is exactly the same than Cyprus Company,︀ but with less burocracias.

 

[negon]

No, there are some major differences with a Cyprus company and a Scottish LP and‌ how you can reduce tax.. we don't speak tax evasion here if so, you can‍ do it with any entity, but we speak how you legally reduce tax and can⁠ get through with it at your local tax office.

 

[bonox]

As I read it there will be no option to use any double tax treaty‌ with a Scottish LP! That may not be of interest for some but for the‍ majority of people incorporating a company in Cyprus and that look for business proposals it⁠ may be of interest. There are also circumstances where a Seychelles + Cyprus company can⁤ benefit each other and which are impossible to setup with the other entity.