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How to withdraw money from a foundation?

Discussion in 'TAX Issues or Questions' started by joelb, Aug 7, 2018.

  1. joelb

    joelb International Pirate ;-D BANNED MEMBER

    One of the popular company structures nowadays is to have an offshore company (Belize/Seychelles, etc) which is 100% owned by a Seychelles foundation. This way I am not a shareholder of the offshore company, I don't have to worry about the "controlled foreign company" status.

    My question is that how do I transfer to profit from the offshore company to the foundation (legally) and how do I get the money out of the foundation? From the company I can get dividends or I can pay myself a salary, but what options are available in the foundation?
     
  2. joelb

    joelb International Pirate ;-D BANNED MEMBER

  3. rsa pgp

    rsa pgp New Member

    You cannot delete a thread; read Terms and Rules.
    The only capable of deleting a thread is the Admin and he is unwilling to do so in most cases.
     
  4. joelb

    joelb International Pirate ;-D BANNED MEMBER

    Not my forum, not my rules... not my problem.
    I just wanted to keep everything tidy.