Offshore company need advise please.

[john]

I need advise to what is the personal tax I have to pay if I open Offshore company? does it matter where I open the offshore company?

 

[JohnLocke]

Corporate and Personal tax are two different tax that have to be paid so the rules and regulations differ from each other.


You may want to look at what the personal income tax is in your country to get an answer to your question.


The offshore company will most often pay no to only little tax.

 

[john]

Okay, I live in Belgium can you help please?

 

[JohnLocke]

You may find the Belgium tax rates here Belgium Tax Rates


Actually what you want to look into is to incorporate a offshore company where the tax rate is 0% i.e. Seychelles, Panama, Belize, BVI etc. To take out the money from the company and transfer it to your personal account in Belgium will make you subject to local tax. There are tools to avoid to pay tax from all the amount transferred however, it is more complicated.