Recent content by ppa

When living in a high tax country (e.g. France/Germany) it makes total sense + the ownership/assets hiding. Any input as to why it could make sense if you are a resident in those lower tax countries where the LTD itself could make sense (e.g. Bulgaria, Romania etc.)

After reading through some older threads and posts in the forum (Buying a car in Europe with a offshore bank account) I started wondering what is the actual finance sense to set up a company that buys a car on your behalf and then leases it to you compared to just leasing the car personally via...

Is the courier working exclusively for you? Will the US LLC have any staff in the US operating "on the ground"? If the answear to the above is No then there is no ETBUS.

Where do you have a bank account for your Seychelles IBC? In general what you describe is possible. Just consider the high deposits needed in order to get a bank account for the US LLC.

No as the Seychelles IBC is not a pass-through entity + no double tax treaty between country of residence and Seychelles + multiple official tax advices from Law/Tax companies regarding the setup and its tax implications in the country of residence.

Can you recommend an UK CPA/Tax Advisor to discuss this with?

I have an US LLC that is owned by a Seychelles IBC. The IBC acts as a holding company. Reason being so that profits from the US LLC end up in the Seychelles IBC and only when needed distributed as dividends to the UBO. UBO pays dividend tax. UBO can not own the US LLC directly (tax treaties and...

If a Seychelles IBC is acting as a member of an US LLC (being its holding company) does that mean that under the new tax regime all profits of the US LLC will be considered passive income for the Seychelles IBC and now be taxable?

Do you think providing reports from Xero to the registered agent is sufficent to comply with this requirement? Also what if you can not provide any details for a specific year? In my case I simply do not have banking data for 2015-2016 as the bank we used is no longer existing and we simply...