Recent content by fromnowhere

To my understanding (which of course may be wrong) since money is not distributed it's not personal income yet. For UK LLP you declare it in UK and it is told that partners are responsible to declare their income in the place of residence. But yes, I will meet Austrian tax advisor tomorrow and...

Hello. Probably any other opinions here? I would appreciate it very much Thank you

Ok, thank you for the opinion Waiting for some other contributors on this topic

That's right. But what particularly is not legal in my scheme? UK LLP is taxed only at the place of residence of partners. Funds are being accumulated on UK LLP and not distributed. When they will be distributed - taxes will be paid in Austria The question is also about permanent...

What is particularly illegal? Is it because permanent establishment is triggered which will equal LLP to the austrian company? And as well, there are 2 partners, one has 99%, another is 1% That one with 1%, should he care at all since in fact he is not taking any part of doing the business...

Right. My fault, just thinking about getting 3Rd (Joke) So...but from the legal perspectives, is it absolutely legal or it is still tax avoidance in Austria? I should say it is online business and servers of UK LLP are not located in Austria

Hello The situation is: I have 3rd world country (non CRS complaint) passport, and passport of one of the EU countries, but is resident of Austria (EU passport is not Austrian) UK LLP is formed on the name of 3Rd world country's passport, in place of residence of partners also stated that 3rd...