Recent content by Delta

Do I need to even persuade somebody, when I ll use a company to establish this offshore business, which will perhaps provide me a nominee? I ve a lawyer to check it first. Its mainly about not paying corporate income tax every year. I dont mind paying tax for withdrawing money from company much...

Can actually my country find out automatically, that I ve offshore company registered to address there with private bank acc registered to company address, where I d withdraw money? Even crs would not apply, cause theres not address with my residency attached. Am I wrong? Risky but impossible to...

The core of question is actually, if I can pay all taxes in country, wheres offshore company but am not a resident (income tax, dividend tax for withdrawal or salary) or all/part in country of residency, if theres a double taxation agreement. Then I ll just report to tax office, where I ve...

Thanks for your answers and tips. Hopefully I understood correctly. So, income tax is taxed in country, wheres established offshore company as corporate body and any withdrawal like dividend should be taxed in country of my residency, right? My option for avoiding withdrawal tax would be making...

Slovakia

Hi, My source of income is from trading futures, stocks, options with my own capital including prop firms. Excluding cash fx, crypto. Wanna create an offshore company to reduce or completelly erase income tax and tax from dividends. Still didnt decide, if offshore outside or inside of EU. I...

Example: Lets say I ve LLC in country without residency and withdraw money via didivends to my personal acc in same country but its in crs. Not sure, if I ll be able to make personal acc without residency and would prolly need to use my main residency, where I live and that country is in crs...

Doesnt creating company in other country than your residency end up in creating non-csr bank acc on a company as bank acc is in same country? Via company we get residence, maybe utility bill. Or this nuance is just wishfull thinking :D

Any idea, if I d have company in Bulgaria, where I d be manager and shareholder, which is part of csr, if they ll send anything to a tax office, where I am resident? I ve heard they dont despite the crs agreement until I withdraw cash via ATM. So, if I d have their unique tax id attached to emi...

Hi, I ve problem to find clear answer on my questions. Lets say I ve company registed in other country B, which has csr and double tax threaty with a country A, where I am resident and has also csr. Company is used for withdrawing money from short term trading of financial derivatives. Do I...

Hi, seems like this company plane.com is us-based but I am not sure, if that exclude CRS as they have international clients too and could be emi, which I am not sure. Its used for money withdrawal. https://plane.com/ Anybody have info if its non-crs entity? Regards, Delta

In that case, I assume each domestic, local bank will have a threshold, which will ve to report cumulativelly. But if report isnt triggered, do they find same person have multiple banks with diversified resources? If resources will come from non-crs country? Will that be a red flag? Are...

Is crs applied on clients with same residency as that bank?

Your last sentence would be nice to do from time to time for small portion of money, having em in cash.

Easier said than done but thats one of the options I do consider now, just not sure how to properly proceed. Will membership here help with that lil bit? For example Honduras wants around 30k per year. Need something cheap and fast and somehow get rid off current residency, if its possible. Or...