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Funneling EU company profit to offshore

Bandito

Bandito

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Dec 16, 2018
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#1
Hello what is the best route to funnel profits from an EU company to an offshore company?
The Cyprus LLC owns the Dutch B.V 100%

Lets say Dutch B.V → Cyprus LLC → Seychelles Pty. Ltd.
I will probaly get problems if i go the direct route Dutch B.V → Seychelles Pty. Ltd.
Is there any better solution?
 
#5
I don 't see this to be illegal unless you are faking the invoices or don't have any other document that make it legit to send money from the Dutch company to the Cyprus company! That said, I understand your doubts since it will rise red flags in the tax office in the Netherlands if you send money from NL to SC.

I would send it from the NL company to the CY and then to the SC company. If there are no services or products sold in the Dutch company you will have to find out what documents you can use to please the tax office in the Netherlands.
 
#7
Admin said:
I don 't see this to be illegal unless you are faking the invoices or don't have any other document that make it legit to send money from the Dutch company to the Cyprus company! That said, I understand your doubts since it will rise red flags in the tax office in the Netherlands if you send money from NL to SC.

I would send it from the NL company to the CY and then to the SC company. If there are no services or products sold in the Dutch company you will have to find out what documents you can use to please the tax office in the Netherlands.
Click to expand...

So i would transfer the money this way Dutch B.V Pay 25% tax → Cyprus LLC owns 100% of B.V → Seychelles Pty. Ltd.
Would this be 100% legal, i´m not trying to get the lowest tax rate possible, just moving the money to a place where they are easier to spend more freely.

hofo said:
why you think it rise RED flags to send money from netherlands to Seychelles I wonder?
Click to expand...

This would cause major red flags, they would probaly ask to see bank records from the Seychelles Pty. Ltd if i did this.
 
#8
Bandito said:
So i would transfer the money this way Dutch B.V Pay 25% tax → Cyprus LLC owns 100% of B.V → Seychelles Pty. Ltd.
Would this be 100% legal, i´m not trying to get the lowest tax rate possible, just moving the money to a place where they are easier to spend more freely.
Click to expand...
Where do you consider to open a bank account for the Seychelles company? not in the Seychelles?

I can't answer legal questions here, no one can, we can all just give our opinion to questions if we know about a particular issue. If you tax the money there is no problem to move it to another place in the world. Unless it is personal tax you try to avoid!
 
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#9
Admin said:
Where do you consider to open a bank account for the Seychelles company? not in the Seychelles?

I can't answer legal questions here, no one can, we can all just give our opinion to questions if we know about a particular issue. If you tax the money there is no problem to move it to another place in the world. Unless it is personal tax you try to avoid!
Click to expand...

Dutch B.V Bank account in the Netherlands. Pay 25% then send money to Cyprus holding
Cyprus LLC Bank account in Cyprus. Money is in Cyprus holding i need a way to get it legally to Seychelles Pty. Ltd.
Seychelles Pty. Ltd Bank account in Cyprus.
 
#13
The banks will still have issues if you send money to the Seychelles directly from the Netherlands! however, if the money is taxed simple documents will let the money slip thru.
 
#14
The only potential problem is the dividend tax, if the beneficial owner of the SC company is Dutch.
Because this way, they would avoid paying dividend tax.
But I am not sure if they can request some kind of proof who is beneficial owner.

What you think, Negon?
 
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