Offshore Company - Is It Worth It?

[lavel]

The ideal I have was to setp a offshore company to avoid tax Italy because of the situation here! Do you think it can be done to avoid paying local tax?

 

[JohnLocke]

Depends on your setup and where and how you incorporate the offshore company. Is tax your only issue?

 

[lavel]

Yeah.. avoiding tax or get the tax to be paid as low as possible at least.. any help please?

 

[Joe]

To avoid corporate tax it seems to be possible but personal tax seems to be impossible. I'm still learning and reading the forum.

 

[marcel]

Personal tax can only avoid if you have super secrect debit card which is anonymous. Gift Card or other complicated card may be of help here... I don't understand where to get such.

 

[woko]

hmmm, where do you get this super secret card if I may ask:help:

 

[kenny]

hmmm, where do you get this super secret card if I may ask:help:

I think it is the Caribbean bank account that comes into play so the Tanzania account right?

 

[dwilson]

A lot depends on the type of activity conducted by the offshore IBC. If your business has a physical address and trades in tangible goods, I would say that you're up for a challenge. If your business is service based, then you have some options...

 

[lawrence]

A lot depends on the type of activity conducted by the offshore IBC. If your business has a physical address and trades in tangible goods, I would say that you're up for a challenge. If your business is service based, then you have some options...

That's exactly what I thought hence it is impossible to get your tangible goods business go offshore easely.

 

[lavel]

Guys, it can still be done... many large corporation have holding companies offshore while they do business onshore.

 

[JohnLocke]

Guys, it can still be done... many large corporation have holding companies offshore while they do business onshore.

I totally agree, you just need to do your homework.

 

[brianK]

The ideal I have was to setp a offshore company to avoid tax Italy because of the situation here! Do you think it can be done to avoid paying local tax?

It can be done no question asked. I'm happy with my offshore company in the Seychelles and alredy starting to establish my business offshore.

 

[lavel]

You bought a offshore company in the Seychelles I understand, great, what else are you doing to protect your assets and identity?

 

[moneymaker]

I will build a 3 laye offshore company setup to protect my assets, privacy and money I'm still looking at the best 3 layered offshore company setup at the moment, need to figure out how to exactly do that and where all the offshore companies shall be incorporated.

 

[lavel]

Yeah a 3 layer offshore company structure is the way to go. It's expensive but worth the money spend.