Transfer 100% legal from UE to Armenia or Georgia

[Btraveler]

Hello there!

I have a business running in Spain with all 100% legal and I also have some money in my personal bank account. I want to make investment on real estate (buy-reform-sell) most probably in Georgia or Armenia (I have people which is almost family, so everything ok on that side). Which is the best and less-efective way to do that:

- Right make a transfer from my spanish company to the armenian or georgian person or company that will make all the process there. I think this will be very costly, because my EU country Spain will claim for every cent of profit and I wonder it will be very difficult to put all in white paper 100% legal and clear to the spanish government
- Make the same as my spanish company, but my person directly. I think same problem if not worse
- Open a new company in UK (before they go out the EU) or in Estonia, for example (the are both low cost setup). So I can put money from my company in Spain to that company in Eu country. So the UK or Estonian company can invest in that with less problem. I don't know if I'll be taxed again in Spain or in Estonia...
- I also have a LLC opened with USA Bank, but the problem is how can I transfer money from my spanish company to there in order to not disclose details of the USA company in my name...

 

[John Andrews]

Why not open a company in Georgia for this? Either in your name or perhaps as a subsidiary of the Spanish company (maybe you can later buy it off the Spanish company for some low amount)

Also, instead of paying for a nominee in Georgia, ask someone from your family and use their address too if possible. This should fulfil CRS rules in Spain.

 

[Btraveler]

Hello there @mange38 The fact is that in Armenia if you make the investment in real estate as a company, you have to pay all taxes. However, if you do it as individual, there are No taxes (it will be done by individual of my confidence in there). So I need a legal mode of make a loan from my spanish company to that person. But I prefer an intermediary company for not to declare all the benefits, of course...And for transfer like 80K from my spanish company to outside eurozone, I need contract or similar to tax authorities can keep track of it. I supposed the best way is an intermediary company of mine which uses the cash and gets back the money to spanish company with a little interest from borrowing the money (like 3% on lent money)

 

[John Andrews]

Can't your company in Spain give a loan to you (natural person), using which you can invest in real estate in Georgia? Pay it out to your personal IBAN in Spain, then open a bank account in Georgia and transfer it there. I'd also register the IBAN with Spanish tax authorities just to make sure it's all legal.

 

[Btraveler]

Well, the investment is in Armenia and as far as I know I would have to make a contract between me and the person who will be there and then spanish government will be controlling all tax and process I think. I want to avoid that and only pay officially a 3% as interests from that person to me and the rest of benefits leave in Armenia to work with out of legal tax scope