To all those wo want to know the solution, ill chip a few tips: 1° Private individual should move to a low tax jurisdiction 2° Individual should not make foreign companies in countries legally classified as Tax havens by their own tax authorities (such as Bermuda, Panama, and Caiman Islands) 3° Individuals should hire tax lawyers, specifically formed for this type of situtations 😂 4° Creating a legitimate company in favorable jurisdictions
How about setting up the company in moms name who is outside of canada and being just an employee who draws salary.? Or setting up a Canadian incorporation and getting money from Bermuda company as a consulting fee all the while when the Bermuda company is in moms name.
How does one improve/solve this then?
Please make a video explaining that.
I wrote a comment on the video explaining a few options
Just love in Bermuda .. I mean who wouldn't want to tbf
Probably author of the reel has interest only to put not working things on the table.
How do this individual solve the issue
Leave canada
To all those wo want to know the solution, ill chip a few tips:
1° Private individual should move to a low tax jurisdiction
2° Individual should not make foreign companies in countries legally classified as Tax havens by their own tax authorities (such as Bermuda, Panama, and Caiman Islands)
3° Individuals should hire tax lawyers, specifically formed for this type of situtations 😂
4° Creating a legitimate company in favorable jurisdictions
How about setting up the company in moms name who is outside of canada and being just an employee who draws salary.? Or setting up a Canadian incorporation and getting money from Bermuda company as a consulting fee all the while when the Bermuda company is in moms name.
Please show what’s work in that case. (Assuming,
one is able to reach 0% on income tax)
Hello. How can I get information on a specific business type?
what if this person sets up a business in bermuda and remotely runs it from a bermunda IP ?