Greetings all, I am still a newbie on these matters and after a few days of research I came up with a solution to my problem and would like to hear some critics and better suggestion from more educated people. I work as an expat inspector in many countries around the world and my main employers are located in the EU (I am myself a citizen of an EU country). In order to be able to invoice my employers I created a company in my home country, but I am being completely "eaten away" by taxes, and its upsetting, to say the least, to see the profit generated by my sacrifice being away from my family being taken by a corrupt government. But enough with the politics and on with my suggestion to avoid this. My first intention was to put an end to my company in my home country and start an offshore IBC and not declaring anything to tax authorities. The problem is that I have my family back home and would need to transfer money regularly to my home country. I could get away with it for a while if I kept my transfers within a reasonable limit, but it would be a matter of time until problems would come knocking on my door. I was thinking of incorporating an offshore IBC company in the Seychelles with a nominee director, with a bank account in Cyprus or even in the Seychelles (another option I have seen recently is to incorporate the IBC in the UAE with a bank account there) and start invoicing my employers from that IBC. Then I would have my company in my home country invoicing my offshore company just enough to keep the profits in my home country down to a minimum. Of course I would still pay my income tax and company tax back home, but the tax volume would be greatly reduced compared to how much I am paying right now. This way I would save most of my hardly earned money in an offshore account and make use of it through the anonymous debit cards provided by the bank, one for me, other for my wife. Would it be wise to create another bank account for savings and use the IBC bank account for the common expenses paid through the debit card? What do you guys think of this setup? Any flaws with it? Better ideas? Thank you all for your comments and suggestions.