Which one is the best solution you are using now ?

[Billneon]

Assume that one is running a business in high tax country with a tax residency in high tax place.

What is the best solution to take money from the business entity for personal use paying a lowest tax possible ? apart from paying yourself, dividend or Director's loan ...

Thanks

 

[JohnLocke]

Move to a different country where you pay less taxes 😉

 

[Billneon]

Could you elaborate more on it ? What i want to confirm that when i‍ move the money from high tax place to offshore place with a nearly zero tax⁠ rate, how can i take the money from the offshore to place where i live⁤ as a tax resident ? If I receive the money in a form a salary⁣ from the offshore l, i would be subject to the income tax in my place.⁢

maybe since the offshore company does not require any accounting practices, there will be no︀ issue taking money from the offshore company corporate account for my personal use ?

Thanks