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Topic: Lowtax.net General
US Citizen Working Abroad Wants to Avoid Double Tax
Hello All,
I'm a US Citizen working in the South Pacific for the last 15 months. I see that if I earn over $92k I will be taxed both in the US and overseas on any amount beyond that. My career direction is to do electro-mechanical work on offshore oil rigs where the pay will be far beyond the $92k. I don't mind paying tax in the jurisdiction I live and earn in, but it wouldn't make any sense to take a dangerous job, with long durations at sea, just to pay 60-70% tax on all that money. I like Australia and New Zealand, but will work anywhere warm or mild, and coastal. I'm young with no family, and don't mind 'developing' countries that some might find risky. Any thoughts on where I can work and keep most of what I earn? Any places that won't report my earnings to the US? I'm open to ANY ideas to avoid double tax! Many Thanks!!  
John Galt
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Topic: Lowtax.net General
Dietary / Vitamin supplements import from US to EU
We want to import dietary / vitamin supplements (mostly male enhancement, weight loss, etc. - which improve physical performance valued at 50$ per bottle/box) from the US (via USPS shipments) to the EU and wonder which VAT rate would apply to dietary supplements and how are the import regulations? We are looking forward for the most hassle-free country. Does anyone have experience in this field?  

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Topic: Lowtax.net General
Delaware LLC opening bank account in New York
Was wondering if opening a bank account for a Delaware LLC will create liability for paying state taxes (nexus I assume?) in New York for New York sales, even I I don't register in New York state?

I will not have any presence at all in New York, just that possibly I have a better chance to open a bank account for DE LLC since I am non-US resident.

I am also not sure if I am found to have a bank account in New York, I may be penalized for not registering in New York state even though my bank contact says I do not need to register to open a bank account(where elsewhere I have read I need to to open a bank account)

Sales generated will be from world including all of USA and New York possibly.

I also understand this does not necessarily mean this is USA sourced income, since having customers in USA doesn't mean its classed as US sourced income. Will not be providing any services in the US.
http://answers.google.com/answers/threadview?id=520545

Appreciate any advise.

 

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Topic: Lowtax.net General
What's the cheapest offshore company formation service?
I'm from the EU, and would like to open a company (either inside or outside the EU) that would allow me not to pay VAT when buying Internet services from the EU (typically from Germany). It would also provide me with a more professional name to hold all my domains and Internet services, and help me keep my home address private.

Can anyone suggest a good service that will take care of this? Cheapest meaning it shouldn't be too expensive to open AND maintain, as I won't really be trading anyway (using services for my own benefit at the moment, so I also don't need bank accounts etc. for the company)...  
Anto
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Topic: Lowtax.net General
Thread Title
lowtax.net text says: "The normal minimum capital requirement is KYD42,000." does this mean that an incorporator has to pay KYD42,000 to the government or keep it in a cayman bank or what? thank you in advance for your reply  

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Topic: Lowtax.net General
Hi there, I have Polish citizenship...
Hi there, I have Polish citizenship and have been working on a contract with a British company in Saudi Arabia where I will be staying for over two years or even more. My family (wife and two kids) are residing in Poland, which means that I am classified by Polish tax law as a Polish tax resident even if I work offshore. The question is how can I rescue my money earned in the KSA from the draconic taxes in Poland. Some nationals like British are exempt from the home tax if they earned the money in KSA. Waiting for any creative solutions - and can pay for the professional and workable advice.  

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Topic: Lowtax.net General
Help: Offshore Business Account with Good Wire Transfer Facility
Hello friends,

I am in deep trouble here. SO I am from India and into performance marketing [online lead generation business] from last 5 yrs almost and last year I started one performance marketing company here in India. It has around 70 good active affiliates and all of them do good volume of business. It was going smooth and I was sending bank wires regularly to my affiliates from my indian business account until I got a freaking letter from income tax department that I need to pay 30% tds [tax deduction at source] for every outgoing foreign remittance [please note its not in profit but every outgoing remittance in foreign currency] and that brings full stop to my business. Right now I am sending those payments through a friend's business account but I know very soon he is also going to have that warning letter.In India outgoing foreign remittance are very sensitive issue for governments , I guess due to economy.

So, I need solution. I tried US LLC but they need that I go there in person and open the business account and I need someone with 'money transaction' authority in the USA from my bank account since am from India. And I don't have any one so much reliable in the US.

So, only option left is offshore business account in Panama [?] or British virgin Island or can anyone suggest me? What I need is lots of incoming and outgoing wire transfers facility every month. Like 40 incoming wire transfers from USA and UK [from advertisers] and 240 outgoing international wire transfers every month [to affiliates] so that I can concentrate on my business instead of taking tension about these silly issues. Do you know panama/British virign Island/whatever good offshore location banks allow to do it online without rising issues?

Thank you in advance.  
Jit Uppal
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Topic: Lowtax.net General
REDOMICILE OF ISLE OF MAN CO
Could someone tell me to what juristictions can an Isle of Man Exempt Company be re-domiciled which will have cheaper annual fees i.e Dominica, Belize e.t.c and what documents are needed to do so Thank you
 
Peter
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Topic: Lowtax.net General
first geneva wealth management
Hi, has anyone had any dealings with this company First Geneva Wealth Management based in Switzerland and London or can you direct me to a companies register or find the names of the directors.
Many thanks in advance. MLM  

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Topic: Lowtax.net General
Has anyone invested in the Aruba World Trade Center
Has anyone invested in the Aruba World Trade Center through Solaris Global Partners and if so have you any idea where we currently stand.

Many thanks

Irish Invertor
 

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Topic: Lowtax.net General
Offshore Legal Resources
We are pleased to announce the creation of the Offshore Law Directory.
The Offshore Law Directory is a human edited directory for Law Firms and Lawyers providing Offshore Legal Services.

www.offshorelawdirectory.com  

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Topic: Lowtax.net General
Offshore Company Formation and Bank Account
Hi,
I wish to setup an Offshore company and get a basic Business Banking account with Internet+Phone+VISA card facility.

I mainly do online business and most of them don't need VAT. So VAT is not my requirement.

All I need is the least expensive Offshore company formation and least expensive Bank account.

I've been doing research for sometime and narrowed down on few choices:
IBC: Belize, Marshall Islands, Isle of Man
Bank: Isle of Man, Latvia

For banking again I need a basic bank account with very less initial deposit and fee.

Could anyone suggest me any affordable solution?

I see that company formation services are so expensive. It takes 40 odd quid to register UK company.

Any help will be appreciated.

Most of my businesses are online and I end up paying huge UK Corporation tax which can be easily saved by setting IBC and Offshore bank account.  
Jack
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Topic: Lowtax.net General
investment portfolio in Australia while residing in Italy
I am an Australian living in Italy with Italian residency. I have been here for 5 years and am classed in Australia as a "non-resident" of Australia since I have been out of the country for more than 180 days. If I begin an investment portfolio in Australia,what are the implications of the earnings in ITALY? Will I be taxed on these earnings in Australia and Italy? Please let me know if you are a tax expert or someone who has just done the same thing. I want to know how to verify the information and who I can talk to here in Italy but be able to speak in English. Thanks!  
Bu
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Topic: Lowtax.net General
Offshore Companies - South Africa.
Hi,

This may sound like a rather broad question but would anyone be able to tell me how common the use of offshore Companies are in South Africa (in particular)British Virgin Islands and Cayman Islands Companies)? i.e. I want to know if there is any prohibitive tax legislation which may render their use rather limited.
A  

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Topic: Lowtax.net General
Offshore corporate home with minimal reporting
I'm a Canadian citizen & resident operating a small online business that has staff around the world (Canada, USA, Europe, Australia, Asia) and clients around the world as well. Most of our revenue is from the USA. Our shareholders are also spread out around the world (although I am the majority owner).

We're currently registered in Canada, however dealing with the Canadian tax authorities is becoming a hassle. I actually don't mind the taxes that much, but the reporting requirements and audits (we've been audited twice now, both time they found that we owed no money, but each audit cost us money and wasted lot of time) are a huge annoyance.

I'd be interested in relocating the company to a country that has low taxes for offshore business (revenue earned outside the country) and, most importantly, minimal reporting requirements (ie: paperwork).

I intend to pay my personal income taxes legally and appropriately in my country of residence (which may be changing shortly).

Any suggestions.  

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Topic: Lowtax.net General
Residency in Panama
Hi,
Im a retired UK citizen living in Spain. I recieve a uk company pension paid untaxed in the UK.
If I were to take residency in Panama I believe that I would have no tax liability there on foreign income i.e. my pension.
Question is, when I informed HMRC in the UK that I was resident in Panama would I be liable for UK tax on my pension.  

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Topic: Lowtax.net General
EU Residency and Swiss Banks
What would be the general advice for an EU resident contracting with a Swiss company and being paid out of Switzerland ? These days that doesnt seem the most safe country to open a personal bank account being an EU resident

 

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Topic: Lowtax.net General
Is offshore a solution?
I live in Romania and I am earning money from affiliate marketing. I am earning between $3000-$5000/month but this may go up to $10.000/mo in the future.

I am not selling anything, I don't have to give invoices, I just have a website where I promote other international companies and get money from them.

I am currently paying 16% taxes.
Should I open an offshore company? How much would that cost per year? What is the best solution?

I don't plan to move from Romania.  
Sebi
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Topic: Lowtax.net General
UK INCOME TAX THRESHOLDS (IN WEEKS) FOR NON UK RESIDENTS WORKING IN THE UK
Can you please tell me if there are any income tax thresholds in the uk for non UK residents who wish to work on sort term agency work through an offshore limited company in the UK before paying uk income tax, if so what is the threshold period allowed under uk tax laws.
 

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Topic: Lowtax.net General
Safe, sunny and low tax place to move when married with children
I'm Polish software developer. I'm looking for a safe, peaceful and sunny place with the low taxes.

Becouse of small kids security, medical care and education are our priority. Of course, beyond the taxes :)

I will appreciates any suggestions.  
montgomery_burns@vp.pl
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