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cheapbag214s
Wysłany: Pon 1:56, 26 Sie 2013
Temat postu: Making use of Offshore Companies for International
Making use of Offshore Companies for International Trade and Real Estate
Yuri Ivanov lives in Russia. He is purchasing and selling shoes. He buys the shoes from Italy and sells them to department stores in France,
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, Germany and Spain.
Mr. Ivanov wonders whether he can structure his business in a tax-effective manner, for example by using an offshore company.
Mr. Ivanov must obtain a VAT registration. A good location for conducting trading activities where one can obtain such a registration is the Isle of Man. Thus,
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, if such an Isle of Man company intends to ship the shoes from Italy to Spain,
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, the Isle of Man company would inform the Italian company of its VAT number,
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, so that it could zero rate its sales invoice. The Italian company does not have to charge VAT to the Isle of Man company. The Isle of Man company would then obtain the Spanish company's VAT number and subsequently issue a zero rate invoice to the Spanish company.
For setting-up the Isle of Man company, there are a couple of possibilities: an LLC (taxed as a transparent entity,
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, so effectively no tax in the Isle of Man on the profits obtained) or a tax exempt company. None of these companies are required to withhold tax on dividends.
Assuming that Mr. Kiss is not engaged in developing real property,
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, the nature of his income is rental income or,
roger vivier shoes
, in the case of sale, a capital gain. In many countries, this is considered "passive income" for tax purposes.
The acquisition of the real property in the countries concerned can be made through local companies directly or indirectly controlled by Mr,
Peuterey Jacket online
. Kiss,
kevin durant shoes
. These local companies can be wholly owned by a holding company in a country with a favourable holding company regime,
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. A Cyprus company holding the Luxembourg company and directly or indirectly owned by Mr. Kiss would be a tax-effective solution.
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