Offshore companies and bank accounts

03-05-2003

Serge, let me explain.

1. We're from Ukraine. We have an office in UK, in Florida and in California. My email is egor@yambo.biz. I would be very glad to answer all questions.

2. Imagine the situation you're a citizen of USA and would like to minimize your taxes from adult business.

You incorporate a company in BVI (British Virgin Islands) and you're a director of this company. You have an employment contract with this company. And this company pays you, say, $100/month as a salary. You have to pay taxes for this salary.

All profit this company gains should be taxed and paid in a country of registration - BVI.

You don't pay these taxes - your company pays.

03-05-2003	#11
yambo.biz Guest Posts: n/a	Serge, let me explain. 1. We're from Ukraine. We have an office in UK, in Florida and in California. My email is egor@yambo.biz. I would be very glad to answer all questions. 2. Imagine the situation you're a citizen of USA and would like to minimize your taxes from adult business. You incorporate a company in BVI (British Virgin Islands) and you're a director of this company. You have an employment contract with this company. And this company pays you, say, $100/month as a salary. You have to pay taxes for this salary. All profit this company gains should be taxed and paid in a country of registration - BVI. You don't pay these taxes - your company pays.