Quote:
|
Originally Posted by zentz
i have heard that from 01.06.2006 Gibraltar wont be a tax-free heaven for offshore companies anymore. can anyone confirm this or its just a rumor ?
|
zentz, there are changes in the pipeline and some already due to be implemented.
I assume you are interested in Gib as a base to handle processing within the EU? If so, easy! Simply continue with your Gib offshore and as any laws take effect which may affect taxation on the Gib corp, start a Panamanian corp (costs little) and have this issue monthly management fees to the Gib corp and wipe any profits as these invoices are paid by the Gib corp to the Panama corp. There are no taxes applicable on the Panamanian corp. (It's an option, but the Pananamian corp could also be 100% owner of the Gib corp - that bit really depends on your personal circumstances and what you may want to do)
Just an extra comment.. The Gib govt are not going to let their ambitions to be the "Mediterranean Hong Kong" disappear because of EU rulings. They have invested an enormous amount of money towards implementing this and little doubt the status quo will continue in future as they develop workarounds for non-resident Gib corps.