Cayman Island Company, Virtual address in 3 different Countries. Need your view

[youngler]

Hi,
We just registered our company in cayman island. (Offshore)

On our site we would just use 3 countries as our business location (they are all offshore too) am thinking of using some of these countries for the business address

UK, Singapore, UAE.

The question now is, will I be subjected pay tax in these countries where I use their virtual address?

Thanks!

 

[Silvio]

You may be liable to tax based on CFC - if you are personally registered for tax in a high tax jurisdiction

 

[youngler]

Particularly for UK i guess. CFC doesn't apply to Singapore and UAE correct?

 

[user9823671]

Maybe relevant, Cayman Islands just added to blacklist

https://www.theguardian.com/us-news/2020/feb/13/eu-to-put-cayman-islands-on-tax-haven-blacklist

 

[fshore]

No tax based on virtual address. But it might be fraud if you pretend to be a UK company without being registered in the UK.

 

[Spinat]

The tax is based on where you live. Unless you can provide hard evidence that your company is managed and located abroad you can forget about avoiding tax legally.