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 ...
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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.
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 no issue taking money from the offshore company corporate account for my personal use ?
