Setting up offshore company to minimize tax

[newbieshore]

Hello
Is it possible to set up an offshore LLC to run my real estate business to pay the least taxes possible ? I am on 1099 but I am tired of paying so many taxes.

 

[KDX]

Hello
Is it possible to set up an offshore LLC to run my real estate business to pay the least taxes possible ? I am on 1099 but I am tired of paying so many taxes.

Please provide the following so that people here can help you better:

Which countries are you a citizen in? (citizenship)
Which countries are you tax resident in?
What companies do you currently have set up?
What do you earn money from? Rent or trading real estate?
Where is your real estate located in? Country/state etc.

Usually you can use offshore structures to reduce your tax however it may be complex and for some it isn't worth the hassle that comes with it for example relocating to a "tax heaven" etc.

 

[burden]

second that last post!