Seeking Advice on LLC Formation for IT, Zero Taxation, and Bank Account Options

[MyPrinter]

Same as above, it is not an expense and rental income further increases profits

The idea here is to avoid paying dividends (and the corresponding taxes) by purchasing property directly on the company.
Yes, rental income still belongs to the company, and rental income is usually subject to local taxes. However, at least the "body" itself shouldn't be taxable.

Personal expenses are not business expenses

Then it way to pull them as dividends, within appropriate residence, of course

 

[daniels27]

The idea here is to avoid paying dividends (and the corresponding taxes) by purchasing property directly on the company.
Yes, rental income still belongs to the company, and rental income is usually subject to local taxes. However, at least the "body" itself shouldn't be taxable.

Yes, this could fly under the radar in the Ukraine. Probably not completely legal but probably save enough for some time. Better not invest in real estate in the Ukraine, I would suggest.

Then it way to pull them as dividends, within appropriate residence, of course

Yes. Depending on the country, they may be dividends or personal income. Just chose properly.

 

[MyPrinter]

Just discussed following scheme:

1. UK LTD, cheap service, easy to open account payment system, respectable jurisdiction (for US customers especially), US-income is not taxable in USA, 19% taxes on net income - no problems with UA reports as its higher.
2. How to reduce taxes? He suggested to ask EU companies to convert income into USDT, that companies just sign invoice for non-existing service and do the conversion. Said, that micro companies (<1M$) which is not contact with local UK customers/employees etc. are not subject of interest for UK gov.
3. Money will be anonymous and in crypto, thus, can't be legally used to buy real-estate. However, for the first time, that’s okay for me.

Is it real or still some risky problems?

 

[daniels27]

1. UK LTD, cheap service, easy to open account payment system, respectable jurisdiction (for US customers especially), US-income is not taxable in USA, 19% taxes on net income - no problems with UA reports as its higher.

Not exactly legal, but from UA perspective not too risky if you state so.

2. How to reduce taxes? He suggested to ask EU companies to convert income into USDT, that companies just sign invoice for non-existing service and do the conversion. Said, that micro companies (<1M$) which is not contact with local UK customers/employees etc. are not subject of interest for UK gov.

You mean, you pay out money from UK to EU that way? Of course no EU company wants to be included in this scam. Especially not for free.

 

[MyPrinter]

Not exactly legal, but from UA perspective not too risky if you state so.

Why first item is not legal? Everything is clear and reported, for UK as well as UA

You mean, you pay out money from UK to EU that way? Of course no EU company wants to be included in this scam. Especially not for free.

The company makes transfer to some EU company (not mine) as "advert" or "service", that EU company pays USDT to any wallet. Fees, as they said, about 2-3%

 

[daniels27]

Why first item is not legal? Everything is clear and reported, for UK as well as UA

Where you pay profit tax?

The company makes transfer to some EU company (not mine) as "advert" or "service", that EU company pays USDT to any wallet. Fees, as they said, about 2-3%

If you find a EU company that does this for such low fee, you can do this. Completely illegal but of course possible.

 

[MyPrinter]

Where you pay profit tax?

In this case profit should be taxable under UK, 19% corporate tax

Completely illegal but of course possible

Someone I spoke about this scheme said: the UK gov tends to overlook companies under 1M$, especially if they have not local UK owners, customers, employees, or other stakeholders.
Ahh, probably you are right, thanks, seems not so legal way.
Meanwhile, I should say, during this discussion I'm almost believed in this way and was mind-blind. Of course, that was just a pre-consultation and no decisions are made.

So, better to keep Hong Kong with legal 8.25% and claim 0% for US-based customers and US LLC disregarded entity for others, right?

 

[daniels27]

In this case profit should be taxable under UK, 19% corporate tax

But you manage it from UA. That's why I said not exactly legal, but UA won't care.

Ahh, probably you are right, thanks, seems not so legal way.
Meanwhile, I should say, during this discussion I'm almost believed in this way and was mind-blind. Of course, that was just a pre-consultation and no decisions are made.

Yes, but you will need somebody in the EU etc.

So, better to keep Hong Kong with legal 8.25% and claim 0% for US-based customers and US LLC disregarded entity for others, right?

Well, you don't care at all about UA? Then why not just a US LLC / Hong Kong Limited with off-shore at 0% / Singapore Pty Ltd at 0%?

 

[MyPrinter]

Well, you don't care at all about UA?

Not at all, obviously, better to prepare at least:
- buy something for the company (not in ukraine or HG)
- made real payments to anybody else (not in ukraine or HG)
- probably use nominee director (don't want to use it as it takes some amounts)
And yes, be ready for defend one's interests in court

Singapore Pty Ltd at 0%?

I've tried with Singapore and it seems that active companies income is taxable in any case. For micro-companies - some tax deductions. But still not 0%. And slightly more expendable due to local Nominee
Or I missed something?

 

[MyPrinter]

Yes, but you will need somebody in the EU

Yesterdays person can suggest some king of companies

You know what? Thought about that dialog and got following point: described case with UK is completely illegal, money will be in USDT, why to use my docs, better to search for someone. But this is not legal and this is not way should I do, as I'm not lawyer, I'm scientist and developer. I can do some tax optimizations, but keep in mind every financial step takes time away from my main business