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Can I take money out for personal use from the company?

For most offshore company's it apply that you simply take out the money as you like, no accounting no one to ask.
 
Yes I'm sure, you can avoid it, just make a spreadsheet and you will be fine.
 
I don't think nothing bad will happen to your offshore company if ever you decide to take off money from it. But always be wise with your decisions because it will surely affect your company :) just a tip though.
 
Don't you need to have any invoice or something in order to take out the money?
No there is no need for that, it apply for most banks. I know there are some 3rd world banks that require a lot of documents to take out money, that's defiantly not the case with the majority of offshore banks.
 
No one is forbidden to take money from their own assets or company. I mean even your family couldn't forced you from not taking any money from your bank account. As long as the business is good and will still be running after you got your money, its all good.
 
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No there is no need for that, it apply for most banks. I know there are some 3rd world banks that require a lot of documents to take out money, that's defiantly not the case with the majority of offshore banks.
Thank you Admin. Some banks require documents, invoices and stuff to take money out!
 
No need to make any invoice or other document, are you sure?

I don't understand why people think it's fine just to take money out of an offshore company with no accounting - what offshore companies are being referred to here?

We can take money out of our company but depending where you live there could be withholding tax or tax to the individual it is distributed to.

To issue a dividend usually:
- meeting minutes
- dividend voucher