Usually just owning company (or being UBO) is not enough to be considered tax resident.
If you don't live in Sweden, don't have home in sweden, don't work in Sweden how can they say you are tax resident if you live , for example , in UAE?
I am not expert on Sweden, but it sounds not logic, unless you spend time in Sweden - then YES, you can be considered resident
Many rich people , billionaires etc. who move their tax residence to UAE, UK non dom etc, they still hold businesses in their home countries and successful do that
The important part is were you really live and your family , not what you own
id be very surprised if this is the case. Its an european country and they will have double tax treaties. Likewise the OP is outside sweden from what i understand, therefore the companies are no longer Swedish tax resident as the management and control has moved with the new owner. Same way as Sweden would like to tax offshore vehicles owned by swedish resident people, the other way goes as well. The tax residency of the company moves with the owner.In Sweden it is enough. You can't be in boards or own businesses in Sweden after you move out. Pretty weird overall.
No, A company is considered to be a tax resident in Sweden if it is incorporated in Sweden.id be very surprised if this is the case. Its an european country and they will have double tax treaties. Likewise the OP is outside sweden from what i understand, therefore the companies are no longer Swedish tax resident as the management and control has moved with the new owner. Same way as Sweden would like to tax offshore vehicles owned by swedish resident people, the other way goes as well. The tax residency of the company moves with the owner.
I can for example establish a business in sweden, but not be tax resident, since i never set a foot inside sweden
id be very surprised if this is the case. Its an european country and they will have double tax treaties.
We are talking about the tax residency of the individual person owning the company here, not of the company itself.Likewise the OP is outside sweden from what i understand, therefore the companies are no longer Swedish tax resident as the management and control has moved with the new owner. Same way as Sweden would like to tax offshore vehicles owned by swedish resident people, the other way goes as well. The tax residency of the company moves with the owner.
Well, if someone who has never lived in Sweden and isn't a Swedish citizen owns a Swedish business, then I think tax authorities would look at the full situation and deem that just the business ownership wasnt a sufficient tie to Sweden, and decide that this foreign owner is not a Swedish tax resident. Im not 100% sure though.I can for example establish a business in sweden, but not be tax resident, since i never set a foot inside sweden
CH wouldn't say that much provided the person setting it up has strong ties to the DRC. Ive seen this IRL and it didn't cause problems. If you dont have any ties to the DRC then it might be frowned upon, yet when you incorporate an AG the authorities wouldn't really see that much. Only your CH bank would.How expensive ?
The plan sounds really smart when written down here. But in reality and in the real world, it would look very strange if a Swiss company was owned by a company, for example, in Congo! What do you think the authorities in Switzerland would say?
And theoretically, it also sounds smart to move around the shares in the Swedish company, but that would require a tax maneuver extraordinary to escape the Swedish tax authorities' hunt for overdue tax on the sale of the shares!
I believe in the proposal to establish a new company, for example in Ireland or Switzerland, start the activity there, and slowly shut down the activity in Sweden! In my opinion, that would be the most viable way.
Only option I see is to incorporate a new company in a low tax country. Bring IP into that company and license the IP to the Swedish Holding. You then shift some of your profits (within the limits of what is allowed) to low tax.Hello guy!
I am glad to find this amazing forum.
I wonder if anywone have tips how i can set up my company structure for optimal TAX planing.
I have a TAX advisor right now but he is a pussy and can not think outside the box.
My situation:
i have 4 compnays, i live in sweden and i pay way to mutch taxes.
1 Swedish Holding Company (Owned By Me)
2 Swedish Construction Company (Owned by Swedish Holding Company)
3 Swedish Construction Company (Owned by Swedish Holding Company)
4 UAE freezone company
My first ide was do get rid of my swedish TAX residens and cash out in UAE .
But as i come to learn with all assets, compnies i have even if im not living in sweden i will still have to pay the TAXes there becous of my stong conections to sweden...
So now im looking to make some kind of offshore structure, any one have some tips how to get out of this s**t hole of taxation ?
Usually just owning company (or being UBO) is not enough to be considered tax resident.
Move to Estonia for 1 year and then move from Estonia to UAEThis is not about becoming tax resident, but about remaining tax resident. You would remain tax resident under domestic rules. So if you were living in Sweden before and move to the UAE (no tax treaty) and still own the Swedish company in any way - you remain Swedish tax resident under domestic rules.
But what I don't understand is: Why would domestic rules matter if there is a tax treaty?
Just move to Estonia (tax treaty country) and pay yourself dividends from the Swedish holding company (or possibly, set up an Estonian holding company), cash out totally tax free.
Or Cyprus or Malta should work, too, I guess they have tax treaties with Sweden as well (didn't check).
Move to Estonia for 1 year and then move from Estonia to UAE
There usually are workarounds
I agree.No, I don't think that would work. Maybe if you live in Estonia for 10+ years or so, but not if you only stay there for one year.
With tax-aggressive countries like that, you should stay in countries that have a tax treaty.
Stay in Estonia/Cyprus/Malta for as long as you have ties to Sweden (local company). After you have closed the companies, move to the UAE. Or to some other country.
Or just move to Thailand (tax treaty country, no tax on foreign income that isn't remitted to Thailand).
There really are lots of options. Just make sure there is a treaty.
I agree.
From my network I am aware of a case where a Swedish national moved to Cyprus and got the family assets in his name as to mitigate the tax exposure in Sweden. I remember that he had to be very strict on how many days he physically was present in Sweden. Sweden is very strict, kind of similar to all the other high tax countries.
I agree.
From my network I am aware of a case where a Swedish national moved to Cyprus and got the family assets in his name as to mitigate the tax exposure in Sweden. I remember that he had to be very strict on how many days he physically was present in Sweden. Sweden is very strict, kind of similar to all the other high tax countries.
Let's say Swedish persons moves to Portugal and don't go never to Sweden. How can they check if he have been 180+ days in Portugal? Portugal is in Schengen area. No border checks.I think that usually shouldn't be an issue if you spend 183+ days in Cyprus - because there is a tax treaty. It would be a completely different situation if you were living in the UAE, which doesn't have a treaty.
Flight tickets. They claim that you are in the country and force you to proof that you weren't. You are then obliged to disclose everything. Based on agreements they would get access to all your bank accounts. From there the travel pattern becomes clear.Let's say Swedish persons moves to Portugal and don't go never to Sweden. How can they check if he have been 180+ days in Portugal? Portugal is in Schengen area. No border checks.
I think most problems arise then the person try to fake residence in other country and really remain living in Sweden. This is 99,99% of cases
Yeah, unfortunately, Sweden nowadays is not like I remember it 20 years ago. And it's probably too late to save it now.But once you arrive where you want to be, it can be a pretty nice place to be in (compared to Sweden)