Advice on company structure or other

pphhsseeNew MemberAuthor

Joined: May 2019
Messages: 5

20 May 2019#1

Hi
I am an EU citizen living in Italy. I have some money (around 250k - made doing consulting work) sitting in a payroll company account (not mine). What is the best way to get the money out of the company limiting tax exposure. What are my options. I'd be prepared to pay some taxes on a portion of the funds.

Essentially I'd like to put most of the funds into a offshore company bank account however I would I get the money out legally without paying to much tax - I suppose I'd be liable to pay personal tax in Italy?

I would like to use the funds to buy a property or pay a portion of a mortgage but my main aim is to get the money out of the payroll company account and into an account I can manage. Prefer this to be as anonymous as possible to get the funds into an offshore account.

Also interested in getting advice on a hybrid approach (part legit offshore company / part darks)

thanks in advance

TurnedToRobotRecognized Voice

Joined: Jun 2016
Messages: 888

21 May 2019#2

pphhssee said:
I suppose I'd be liable to pay personal tax in Italy?

That's true.

You could setup a Cyprus company and if possible with a Cyprus bank account or simply setup an EMI from this list List of Banks, EMI's, Payment processors and BTC to FIAT institutions. - So you Invoice your current company in Italy from the Cyprus company.

Once the money is in the Cyprus company it is usually taxed with 12,5% however, you could send the money to an EMI and from there exchange it to Bitcoin and then to another offshore company with an EMI for instant a Seychelles company and take out the money as you go. Then just close the Cyprus company so you won't pay tax nor anyone would know about the money at all.

That's a possible but not cheap option of course.

pphhsseeNew MemberAuthor

Joined: May 2019
Messages: 5

21 May 2019#3

Hi Darkster
thanks for your message - what would something like this cost to setup?
anyone you know that can help me put something like this in place.
Also what are the timelines?

JohnLockeOffshoreCorpTalk owner

Joined: Dec 2008
Messages: 15,888

21 May 2019#4

a setup like this costs aprox 4000 euro to setup you want to check signatures around this forum for providers or the AD's - there are several providers around.

Once coule be Turner Little.

pphhsseeNew MemberAuthor

Joined: May 2019
Messages: 5

21 May 2019#5

thanks Admin - from you personal experience (which is greater than mine) are you able to recommend someone trustworthy?

JohnLockeOffshoreCorpTalk owner

Joined: Dec 2008
Messages: 15,888

21 May 2019#6

I don't do that any longer for several reasons.

pphhsseeNew MemberAuthor

Joined: May 2019
Messages: 5

21 May 2019#7

@darkster - can you help out?

TurnedToRobotRecognized Voice

Joined: Jun 2016
Messages: 888

22 May 2019#8

pphhssee said:
@darkster - can you help out?

Yes, I just send you a reply to your PM. I can set this up, however, it requires a real office which I can help with and a very good business plan which you have to make.

Advice on company structure or other

More in Mentor Group Gold

Diamonds as investment!

THE 2025 ZERO-TAX RESIDENT’S PLAYBOOK FOR AN ESTONIAN OÜ

You need a real address and director for a UK LTD?

CRS reporting of vIBAN?