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Send money to offshore company

Max2020

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Max2020New MemberAuthor
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#1

Anybody a good idea how to get money from a normal consultancy company to another company in an offshore haven? Both companies exist already.
I can send an invoice from the tax haven to the other company each month, so money go from one company to the other... but what do you put on the invoice as description? Anybody an idea? Purpose would be to do it every month. "Consultancy services" as discription won't be enough I guess. I should have a good explanation when the taxman will come .

CaptKQuiet Authority
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#2

On the invoice list things that you would pay monthly for like DD, Administration, research and retainer.

Max2020New MemberAuthor
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#3

CaptK said:

On the invoice list things that you would pay monthly for like DD, Administration, research and retainer.

And what about prove if the taxman asks for it?

CaptKQuiet Authority
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#4

Do the work send it to yourself via the invoicing company email address. You will need to set up a domain and website.

Max2020New MemberAuthor
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#5

I was thinking about something more creative ... Maybe something automated, where the invoicing company could ask money for each month.

CaptKQuiet Authority
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#6

Retainer, you can contract a retainer but you need to demonstrate that actually work has been received from the invoicing company.

Max2020New MemberAuthor
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#7

And what work should the retainer do? Any good ideas?
Btw I was thinking paying the invoicing company about 3k a month.

CaptKQuiet Authority
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#8

It all depends on what industry you are in. Invoice has to make sense.

boom123psyNew Member
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#9

Max2020 said:

Anybody a good idea how to get money from a normal consultancy company to another company in an offshore haven? Both companies exist already.
I can send an invoice from the tax haven to the other company each month, so money go from one company to the other... but what do you put on the invoice as description? Anybody an idea? Purpose would be to do it every month. "Consultancy services" as discription won't be enough I guess. I should have a good explanation when the taxman will come .

I have same setup. I was putting "consulting services for projects:x1,x2,x3" and change them every now and then.

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