This is a discussion on How to reduce tax? within the Tax forums, part of the Managing Business category; How to reduce tax? Give some comment....
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How to reduce tax? Give some comment.
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What is offshore business?
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See Wikipedia:
Offshoring describes the relocation of business processes from one country to another. This includes any business process such as production, manufacturing, or services. An offshore financial centre (or OFC), although not precisely defined, is usually a low-tax, lightly regulated jurisdiction which specializes in providing the corporate and commercial infrastructure to facilitate the use of that jurisdiction for the formation of offshore companies and for the investment of offshore funds. Offshore investment is the keeping of money in a jurisdiction other than one's country of residence. Offshore jurisdictions are a commonly accepted solution to reducing excessive tax burdens levied in most countries to both large and small scale investors alike. Selected offshore domiciles are superficially viewed by some as havens used by to conceal or protect illegally acquired money from law enforcement in the investor's country. Although this may be the case, legitimate investors also take advantage of higher rates of return or lower rates of tax on that return offered by operating via such domiciles. The advantage to this is that such operations are both legal and less costly than the solutions offered in the investor's country - or "onshore". Locations favoured by investors for low rates of tax are known as offshore financial centers or (sometimes) tax havens. |
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I have reduced my tax for at least 50%.
I have started a new webdeveloping company in Jakarta Indonesia, where the salary is about 25% compared to here in Holland. And sold my dutch production unit to another company. This way I pay also less tax, and also the tax regulations in Indonesia are more friendly for businessowners. Also try to make as less profit in my own country as possible, and transfer it to my offshore company. All legal because I am investing it all over there. So Offshoring pays off.
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Only in Estonia companies Corporate Income tax 0%
Company registration fee - 640 EURO Foundation capital for Private Limited Company company - 2560 EURO Estonian citizen patricipating in the board fee - 2560 EURO per year General Power of Atterny - 300 EURO
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Companies registration in Estonia - Corporate Income tax 0% |
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