Seychelles company for trading offline

[tax-consultant]

Want to know your opinion for a Seychelles company for offline trading?


Here is my short story.....


I will not trade online but have a real store in Germany / Hamburg where I sell some products (not relevant what Im selling) now I have a GMBH but can this be owned by a Seychelles Holding Offshore company?


If there is a better jurisdiction let me know as well please🙂

 

[ForexGenius]

I don't think that will be a very good idea! Trading offline and have the‌ acitivity in an Offshore company will not work! I mean how will you convience the‍ tax man that the business is conducted abroad?

 

[JohnLocke]

Im afraid that ForexGenius is right. You will be required to consult a local tax‌ advisor and together with them figure out what may suite your situation best.

Honestly we‍ have only very few who seek a offshore company for any offline activities but there⁠ are some for which a offshore structure fits.

 

[clemens]

Below is some old but still relevant even if tax laws worldwide have changed it‌ may be for an profssional tax advisor no problem to make this a done deal.‍

The Rolling Stones have paid just 1.6 per cent tax on their earnings of £242million⁠ over the past 24 years, it has emerged.

Documents published in Holland show that Sir⁤ Mick Jagger, Charlie Watts and Keith Richards used offshore trusts and companies to ensure tax⁣ breaks.

Of the fortune they have accumulated since 1986 for royalties, they have paid just⁢ £3.9 million in taxes.

The revelation emerged after the three set up a will to︀ ensure that their beneficiaries do not end up squabbling over their money when they die.︁

Stingy Stones avoid tax on £240m fortune | Mail Online

 

[OffshoreInc]

Done correct it is an huge advantage to incorporate offshore also of offline businesses.

 

[JohnLocke]

Second that, however it requires more than just a regular offshore company I would still‌ highly recommend that you speak with a local tax advisor to help you.

 

[EliasIT]

You simply just need to structure your company and business correctly so even a offline‌ business will benefit.

 

[averagejoe]

So do we speak a Offshore holding company owning shares in the onshore company? How‌ does this works with offline business how should the cash flow be?

 

[JohnLocke]

As I read the OP then yes.

The short answer is net‍ profit is transferred to the Offshore company where dividend are not taxed. If that isn't⁠ possible due to local tax regulations other items are required to make that happen.

 

[tax-consultant]

Yes correct, I want the holding to be offshore and own the shares‍ in my German GmBH the dividends are moved to the offshore holding which Im thinking⁠ to be in Cyprus or Seychelles still not really sure about this.

 

[snowbird]

Possible to hide money with Seychelles company or better not? I mean is it easier‌ if the Seychelles company is a holding and operate offline?

 

[JohnLocke]

To hide money can be of several reasons, however, if you consider to do so‌ because of any form of tax evasion you better don't do that. That said, the‍ Seychelles is among one of the best offshore jurisdiction in regards to Anonymity and Privacy.⁠

 

[Finance Phantom]

What is the work around if⁠ local tax regulations do not allow for that?

 

[Luigi]

Do you think that it is still possible to have⁤ such privacy nowadays?

 

[Martin Everson]

Keep in mind that from 1st December 2018 the Seychelles company register will be open‌ to the public. You can also expect most other countries registers to follow as this‍ is being pushed by OECD.

 

[JohnLocke]

start a new thread guys rather than open a thread 6 years old!

 

[Luigi]

Humm, I'm very curious⁠ about this, will search to check if it is true or not.

 

[Luigi]

OK

 

[JohnK]

OP, how does this end up for you if you don't mind to share? I‌ wonder if you find any reliable looking jurisdiction that is recognized by the German auth.‍ to be valid?

 

[icecold]

I would setup a holding company in the UK, BVI or CYPRUS not in any offshore⁠ jurisdiction which will pay immediately attention to your local tax office!