What's best offshore company for tax avoidance?

[moonpk]

I have a personal question. Because I live in a country with very high taxes and don't have a CPA that can help me to reduce the tax I have to pay for my corporation (not personal) each year I want to know how a offshore company can help me?

Can I invoice my onshore company ?

What would you suggest

 

[negon]

It's not a problem to invoice your onshore company from the offshore company. I would appoint nominees if you do so. Just in case your tax office ask questions. I would also look at a European entity like Cyprus, Gibraltar or even the UK / Ireland for this purpose.

 

[JohnLocke]

Welcome aboard OP 🙂

As Auric, already answered, I would just want to add that the reason to use a EU entity is that it looks not that suspicious towards the tax office as if you pick a Seychelles or Belize corp. for this purpose.

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[moonpk]

any idea why Ireland and what about Scottish LP would that look good / ok?

 

[Internationaloff]

moonpk said:
I have a personal question. Because I live in a country with very high taxes and don't have a CPA that can help me to reduce the tax I have to pay for my corporation (not personal) each year I want to know how a offshore company can help me?

Can I invoice my onshore company ?

What would you suggest
Click to expand...

Hi.
Where do you live? The answer is important, because it can change the chosen country.

Toggle signature

​

 

[moonpk]

I live in Europe. I don't want to say where!

 

[Internationaloff]

moonpk said:
I live in Europe. I don't want to say where!
Click to expand...

For example if you live in a country with a tax system similar to Italy or Germany, it could be dangerous.

Toggle signature

​

 

[negon]

Out of personal experience, there is nothing dangerous when you live in Germany or Italy and setup a Cyprus, Gibraltar, Ireland or Scottish LP as long as you consult a local CPA and tax lawyer. Just setting up such an entity without professional advise can go terrible wrong. All depends on the amount of course.

Otherwise I afree with @Internationaloff

 

[Internationaloff]

auric said:
Out of personal experience, there is nothing dangerous when you live in Germany or Italy and setup a Cyprus, Gibraltar, Ireland or Scottish LP as long as you consult a local CPA and tax lawyer. Just setting up such an entity without professional advise can go terrible wrong. All depends on the amount of course.

Otherwise I afree with @Internationaloff
Click to expand...

The DIY is dangerous, because there's a difference between Offshore and Onshore companies.
For example the danger is "ESTEROVESTIZIONE" in Italy.
The important thing is to know the BEPS. thu&¤#

PS: every country has its own tax rules.

Toggle signature

​

 

[negon]

yes that's why a Tax lawyer is recommended since every country has their loopholes and with all the crap going on in Italy I believe there are lots of them 🙂

 

[moonpk]

Internationaloff said:
For example if you live in a country with a tax system similar to Italy or Germany, it could be dangerous.
Click to expand...

None of these.. actually the tax office here is taking black money to leave you alone 😀 If you earned 100k euro you pay them 5k without receipt and they are fine. But it is risky because if you don't give them more money the year after they start investigating you! So I want to avoid all the trouble and just have my peace if you know what I mean.

Any suggestion?

 

[Internationaloff]

moonpk said:
None of these.. actually the tax office here is taking black money to leave you alone 😀 If you earned 100k euro you pay them 5k without receipt and they are fine. But it is risky because if you don't give them more money the year after they start investigating you! So I want to avoid all the trouble and just have my peace if you know what I mean.

Any suggestion?
Click to expand...

What kind of business?

Toggle signature

​

 

[moonpk]

straight online business no risky stuff.. most fiverr gigs and internet services.

 

[Internationaloff]

moonpk said:
straight online business no risky stuff.. most fiverr gigs and internet services.
Click to expand...

Do you need an offshore, Hybrid or whitelist solution?

Toggle signature

​

 

[moonpk]

Internationaloff said:
Do you need an offshore, Hybrid or whitelist solution?
Click to expand...

what ?

 

[Internationaloff]

moonpk said:
what ?
Click to expand...

Your company can accept an International Invoice (offshore) without any problem?
If yes, you can use a standard offshore company.
If no, you need an Hybrid or Whitelist company.

Toggle signature

​

 

[moonpk]

I don't operate with invoices?! I get my money by paypal, bitcoin and skrill the customers don't ask for any invoice.

 

[negon]

moonpk said:
None of these.. actually the tax office here is taking black money to leave you alone 😀 If you earned 100k euro you pay them 5k without receipt and they are fine. But it is risky because if you don't give them more money the year after they start investigating you! So I want to avoid all the trouble and just have my peace if you know what I mean.

Any suggestion?
Click to expand...

Okay forget about the tax lawyer and CPA then. get your company registered somewhere offshore and you will be fine 🙂

 

[Internationaloff]

moonpk said:
I don't operate with invoices?! I get my money by paypal, bitcoin and skrill the customers don't ask for any invoice.
Click to expand...

One moment please. I read this in your first message:

Can I invoice my onshore company ?

Toggle signature

​

 

[moonpk]

Yes I thought you meant my customers?