Recent content by johndough

Looks like you can't use a business loan for personal expenses so that won't work for me.

That's some great advice, thank you. I'm going go down the route you mentioned without opening the off-shore. I'll speak to a local accountant and see what they say, probably omitting some details.

There are loads of crypto loan sites out there. not sure what the regulations are. Are they really entitled to ask how you're going to pay something back? That seems like something you shouldn't need to disclose. Yeah I did some more research and it looks like just about all offshore places...

Looking at the CFC laws for the country in question, there is an exclusion where the CFC will be exempt if it passes an "active business test". So OFFSHORE has to have a passive income that is less than 5% of the total income. Is cryptocurrency considered an income? Either way I imagine that...

I had a question around minimizing income tax. I won't name the country I'm a tax resident of for privacy reasons. I realize that may make it harder to answer, but please, read on. The idea is this: Current Situation: 1. I (JOHN) run a business, let's call it COMPANY that does consulting 2...