Will my Offshore company be considered a Local Resident Company in these countries?

[Marzio]

You hire yourself in‌ the country of your choice by using a company like Remote

 

[JustAnotherNomad]

Interesting, do you have an⁤ example for this? Unfortunately HK taxes aren't that low...

 

[JohnLocke]

That's a nice one.. will have to look into it.‍

 

[Jerry1911]

But they would still receive a CRS report for the‍ company in question, no?

 

[TheCryptoAnt]

Why would⁠ they? Unless you was dumb enough and gave them your home address stupi#21

In the case⁤ of Global HR Solutions & Employment Tools for Distributed Teams, you just contract with⁣ them; theres no CRS reporting here.

 

[Jerry1911]

Well don't you need a bank account for the company in order to pay out‌ the salary?

 

[TheCryptoAnt]

yes you do.

Theres a myriad of⁠ ways to circumvent CRS.

 

[Xshore]

It's often not automatic that it follows your personal residency. The most common corporate residency‌ rule is where management and control is performed. You can be personally tax resident in‍ a country without physically being there, and then it would be clear thsg the company⁠ is not run from there. Likewise you may have a valid reason to run the⁤ company from another country than where you are resident.

 

[JustAnotherNomad]

Correct, but they would want to see proof.