Quote:
Originally Posted by Kristian
I really appreciate you taking the time out to write that info.  CR is looking like a real possibility now. I've been researching quite a lot and these insider posts are a massive help. I really like your method of dealing with immigration too. I'd be very comfortable doing it that way. Malta is much the same. You can hand in your papers and it'll be 3 years before they're looked at, if not lost in the meantime. You've also clarified taxation for me too - which is, obviously, a major incentive. |
No problemo Kristian.
Yup - can imagine what the Immigration Department is like in Malta, tho a few years since I was there last. Oops, the cleaner knocked over the filing cabinet and spilt bleach over all the docs - so, we throw all the docs into the trash
With UK nationality, you are in a good position to maximize the benefits re taxation/offshore on this side of the Atlantic - and it is really very simple in comparison to jurisdictions in the EU and Med areas. The legalities are clean-cut and can be totally transparent (ie legal and nothing to hide).
Another advantage which I kinda like after having spent years form-filling, is that there "can" be no forms to fill and no filings of annual accounts/data - saves so much time.
Can only give
as a clue, but think on three areas/jurisdictions when doing biz here....
First is your "playground". This is the country where you elect to live. This should have no or minimum tax levels to kill personal taxation. Panama, Costa Rica and a number of other countries in that region have a regional based taxation - ie. in that they do not have applicable taxes on funds earned outside these countries.
Second is the jurisdiction where your elect to conduct biz - ie the corp jurisdiction. There should be no taxation within this area and a provision must exist for total flexibility in corp management and with no, or minimum, filings. By it's nature, this is usually an offshore area.
The third jurisdiction is where your corp has banking facilities (may be more than one). This should be a stable jurisdiction and have banking laws providing confidentiality blah.
All of these options are available from a number of countries with the Caribbean and Latin American region. In addition, if you already have a structure set up in eg Malta, Gib or Cyprus, - only my
, but would be inclined to keep that and possibly have it owned by a parent offshore on this side of the Atlantic. (All "tools" have their benefits and the parent company can legitimately wipe any taxation which may arise in it's child company.)
On CR (and applies to several Latin American areas) - one thing to avoid is anything to do with the government or justice system. Governments are usually bogged down in red tape/inefficiency and it's an obstacle course to get things done. The justice systems are normally very good, but very pedantic and evidence needs to be totally clear and have no leeway for dispute. Example, an issue which may be resolved in 90 days or less could take four years or more - so it's worth working very closely with lawyers if you are considering investment in CR. (Buying a home etc, is no biggie, but anything more than that needs sustained legal attention.) The flip side is that this can be very profitable and the country itself offers much more than the downside elements.