Recent content by shadowwalker

Hello guys, Im island country passport holder, and my tax residence is Thailand, so i dont need to pay personal tax for foreign income. I have a BVI offshore company, selling software online, at the moment i only accept bitcoin for payment from there, so i dont pay corp tax as well. question...

Hi, if anyone has knowledge about it, please share. thanks

Hello, We do online business, our company need international setup for tax purpose. im looking for trustworthy paid international tax planning service to low down our tax legitly. I have checked with "the big four", its too expensive for us. Do you have any recommendation ? any reputable...

Hello, I read somewhere online, if a company has an office or maybe even a web server in the US, and business conducted with it, its related to US tax system. So if a BVI company, selling VPN to users worldwide. But there are some users are american, and the company used many US servers work...

it means if its royalty or tecnical license fees from Bulgaria pay to a foreign company, Bulgaria will charge 10% for tax.

Hi BMW850, I did some research about Bulgaria, the setup i mentioned wont work with Bulgaria, just want to give an update and let you know as well. As Bulgaria will charge 10% withholding tax, so it makes the setup meaningless...

Thank you. Yes, so better to talk to the bank in Bulgaria first, ensure they are fine with the amount before setting up the acct

Thanks for your response. For 1. I will try to figure out, i didnt know about this before, its good to learn before taking action. For 2. I also bought an office in dubai. i think i just need to hire a few guys there and come to dubai every 180 days once.

And yea i am looking at Bulgaria too. As on shore is mainly for operation, office and people's cost is much lower in Bulgaria than Cyprus. Bulgaria has 7 millions population, Cyprus has just 1 million. so its easier to find coders in Bulgaria.

Hi BMW850, really appreciate for your warm hearted reply. you mentioned: i prefer to speak about banking and which jurisdiction will offer you the banking for 1 millions per month because when you do this turn over, you cannot rely on 50+ emi to split. What do you mean by "50+ emi" ?

And for the setup i mentioned, do you think Bulgaria + Dubai is the best combination ? do you think there are better option can replace Bulgaria in this setup ? Cyprus? Thanks a lot

I see, Thank you. For the companies to add work as layers, you mean add more off shore companies like dubai ?

Why you dont use dubai instead hongkong ? As hongkong is only tax free for foreign income, and need a lot of paper work. but dubai is totally free.

Hi, BVI and Cayman island just released Economic substance laws, and more tax heavens will fall and its just the matter of time. The pure tax heaven company offshore plan wont work for long time. I think the best way for cooperate tax should be: on shore + off shore and only pay a few tax...