How can I repatriate Off-shore funds without committing Tax Evasion?
Many in the Offshore Industry will tell you to set up an Offshore Business (with Nominee Director Service),so that nobody knows it is your company.Then set up an Offshore Bank account with a Maestro Card and all you have to do is generate offshore income into your offshore bank account. You can then take the money out via your card.
Could it really be this easy to pay no tax? Well the answer for most people is NO. An offshore structure if set up correctly and taking into consideration Domicile Status and other factors can be a very efficient way to do business. The main point here is that you need to ensure from a Tax Specialist or Adviser that what ever way you decide to structure your company, that it is 100% legal. The tax authorities are not stupid, why take the risk and live in fear of getting caught and possibly ending up in prison when you can do it right and legal from the beginning.
If you live (and were born, depending on legislation) in a high Tax country/jurisdiction and your Tax authority considers all Worldwide Income taxable, if you do not declare it you are committing Tax Evasion. We do not advise this in any way, shape or form. Rather we advise individuals or companies to get the right advice from an Independent Tax Adviser and check this out via your Tax authority and other sources before committing yourself.
Once you have chosen the most suitable and legal way to proceed we can offer you (depending on circumstances) a legal way to repatriate your funds from your Offshore Business. To discuss this further fill out the following form and we will contact you.
