Recent content by AJ888

Well thanks for this very clear answer :cool:

This sounds a lot like Ecuador's system... they do not use tax credit system. In a nutshell, in Ecuador, if you can prove that any tax was paid overseas, no local taxes will apply on that income. The solution to this kind of system is to incorporate a holding company in Montserrat or another...

I don’t seek to be exempt for offshore income in HK, but the place of my residency. Meaning I need the HK entity to be tax resident in HK in order to qualify for offshore income tax exempt on a personal income level in my country of residency.

“How soon are we talking in regards to "near future" and your residency change? Less than 2 years, and I'd fly under the radar - not reporting this company to authorities in your EU home country. Disclosure can only bring issues when you renounce your residency - possibly exposing you to costly...

*2）non-EU, implementing CFC soon, non of the above jurisdictions and not a low tax jurisdiction (not as high as in Europe but not comparable with the classical “low tax” jurisdictions)

Thanks for taking the time and your detailed answer! OK I see your point about economic substance. I do live in a EU country, but will be moving to a non-EU country in the near future that will implement CFC rules soon. Local tax advisors over there have told me that in order to qualify for...

Hello Everyone, I was wondering, what possibilities there are to create economic substance for a HK entity in terms of CFC rules (in case you are doing business on your own for the moment). Would a virtual office in HK qualify for HK tax residency of the entity according to the IRD standards...

Nevermind, it worked after all. Thanks anyways :cool:

Hi I was looking to join the mentor group, however whenever I get forwarded to paypal, the page gets stuck loading... any idea why that is?

Oh and it‘s not really a low tax country (Taiwan)

I will do so in a second step, but I am not yet moving. The whole activity is supposed to start before I move - so I would need an „temporary“ setup . Of course, this temporary setup If done well can also function as a tool of risk diversification in long term.

Hi thanks for your input ! Yes maybe you could help indeed, how does your setup look like?

Yes, business will be carried out outside of HK only. I am not sure about the Controlled Foreign Company Regime, could you explain this a little bit more in detail? The country to which i will be moving is Taiwan... I’m not sure about this. Do you have any advice on a banking setup for a...

Hello Everyone, I'm new to this forum and was hoping to find some help here. This is my current situation: I am an EU and Non-EU national (holding two passports) and have a EU residency at this moment. I am planning to move my residency out of the EU though, to the second country of which I...