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Old 09-19-2007, 12:07 AM  
BigFire
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Join Date: Apr 2007
Location: Hollywood, FL
Posts: 165
Quote:
Originally Posted by GreyWolf View Post
BigFire:

OK.. Will try to be constructive, tho it all depends on your background/current residency/citizenship and what you want to achieve in the end.

First, the Isle of Man, Channel Isles etc are not really "offshore" jurisdictions. They ceased to be about a decade ago, but still can offer an element of lower taxation etc.

It may be an option to select a jurisdiction offering most of what you are looking for and then proceed to set up a corp structure. This normally has at least two, or possibly more corps involved and in different jurisdictions.

Off the cuff - an instant thought would be to have a Gibraltar corp which is owned by a Panama corp. Times are changing in Gib, but with the correct tools in place, this makes little difference when you have "facilities" to play with. Basically the Gib corp never earns any profits (other than basic 10% stuff and little or no tax) - the profits are transferred to your Panama corp by inviocing the Gib corp and in Panama there is no taxation applicable or any accounting requirements.
Thanks GreyWolf, I have a question about this part:

>Basically the Gib corp never earns any profits (other than basic 10% stuff and little or no tax) - the profits are transferred to your Panama corp by inviocing the Gib corp and in Panama there is no taxation applicable or any accounting requirements

How should I handle that? It sounds very simple but I don't get exactly the point what to do with the invoices.

>Times are changing in Gib
Does that apply for non-resident Gibraltar companies too?
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