In order to comply with the latest substance requirements of almost all offshore jurisdictions, I asked myself how to comply with these requirements on my own.
So when I move to an offshore jurisdiction (Belize, Seychelles, BVI, Bahamas, Cayman Islands, ...) in person with a work permit, setup an IBC/LLC and live there for at least 183 days a year, I could easily setup an office, employ myself as director and majority shareholder.
Furthermore I would become personal taxable in this country and "loose" my status in my old high tax country.
As international income of an IBC/LLC entity is not taxable by the offshore jurisdiction (my new home). The company would run without paying any taxes. Only myself as a private person would pay income tax and value added taxes.
Is that a viable setup these days?
So when I move to an offshore jurisdiction (Belize, Seychelles, BVI, Bahamas, Cayman Islands, ...) in person with a work permit, setup an IBC/LLC and live there for at least 183 days a year, I could easily setup an office, employ myself as director and majority shareholder.
Furthermore I would become personal taxable in this country and "loose" my status in my old high tax country.
As international income of an IBC/LLC entity is not taxable by the offshore jurisdiction (my new home). The company would run without paying any taxes. Only myself as a private person would pay income tax and value added taxes.
Is that a viable setup these days?