Post
Topic
Board Economics
Re: Opening an offshore company?
by
jackg
on 05/06/2016, 21:43:00 UTC
The people who specialize in such services - opening offshore companies are mostly lawyers (i guess?).

So i  guess they know how to do things. I don't know, why would i need a lawyer? Also i dont own a multi million business...


the only thing i would need to look into is when do i need to pay/report taxes. but as i know, you don't have to pay anything, unless you transfer money to your country (also you can't buy things for yourselve, they must be business related - otherwise tax).


By the way, i wish i could run the business in my country, but the taxes and costs of running one are way too high, making it not worth doing.

Unless you get the other person to convert it to Bitcoin, send it to you and avoid some tax (that is technically legal tax avoidance as youare transferring their posession).

What are your tax rates? Would you be interested in just moving countries?
You would need a lawyer in both countries in order to ensue everthingis legal, unless you want to check this yourself of course.