Good day everone
Off the shelf company questions.
Sorry if my English is not clear please reply with advice or request of clarification. Thank you for everyone who can guide us in the right direction.
By all means read into this as you wish to regarding why. In short it is for estate planning purpose and to have a near realatic history to ensure early probate the individual wants to tidy up the background history so as not to complicate any process.and not initiate an unessary later checks that maybe applied to the source of income even though it was made correctly the agreement was made before they moved to their current country and due to tax sharing information even after death The tax advisors believes unlikely however obviously is unable to guaranteed.
No impact current for income tax purposes as not sent to country in year it was received. However the services agreement in place does not indicate the offshore element and the customer is reluctant to change it. Therefore consideted oiption us a need to establish a history. With a third party.
The history needs to be with a real Company who was acting as intermediate services agent. Indidual could make own invoices and make own needed offshore agreement but would prefer to have some form of Traceability with pre-established company so as a minimise risks if checked the Company could be confirmed as valid and that would be sufficient
Understand now after reading the forum the cimpany structure that should be established,
Needs:
- need to confirm provision of services history over 5 years
- in really situation the aged company would have been the middle agent.
- would have a written agreement that the aged company would use a payment agency for making direct payment to the individual account from the main customer. This should be enough to clear up the difference between payer company and the proposed new intermediate agent.
- the individual invoiced the aged Company montly for payment.
Question:
- Is it possible to buy an off the shelf offshore company and then establish pre dated invoices / agreement or because it was not active it is not possible?
- or is it possuble to purchase aged traded Company that recently ceased trading?
- or anyone who has an offshore company who could provide us this historic invoice service.
Thank you
Sunny
Off the shelf company questions.
Sorry if my English is not clear please reply with advice or request of clarification. Thank you for everyone who can guide us in the right direction.
By all means read into this as you wish to regarding why. In short it is for estate planning purpose and to have a near realatic history to ensure early probate the individual wants to tidy up the background history so as not to complicate any process.and not initiate an unessary later checks that maybe applied to the source of income even though it was made correctly the agreement was made before they moved to their current country and due to tax sharing information even after death The tax advisors believes unlikely however obviously is unable to guaranteed.
No impact current for income tax purposes as not sent to country in year it was received. However the services agreement in place does not indicate the offshore element and the customer is reluctant to change it. Therefore consideted oiption us a need to establish a history. With a third party.
The history needs to be with a real Company who was acting as intermediate services agent. Indidual could make own invoices and make own needed offshore agreement but would prefer to have some form of Traceability with pre-established company so as a minimise risks if checked the Company could be confirmed as valid and that would be sufficient
Understand now after reading the forum the cimpany structure that should be established,
Needs:
- need to confirm provision of services history over 5 years
- in really situation the aged company would have been the middle agent.
- would have a written agreement that the aged company would use a payment agency for making direct payment to the individual account from the main customer. This should be enough to clear up the difference between payer company and the proposed new intermediate agent.
- the individual invoiced the aged Company montly for payment.
Question:
- Is it possible to buy an off the shelf offshore company and then establish pre dated invoices / agreement or because it was not active it is not possible?
- or is it possuble to purchase aged traded Company that recently ceased trading?
- or anyone who has an offshore company who could provide us this historic invoice service.
Thank you
Sunny
