I’m currently a UK non-dom looking to move abroad temporarily and set up structure for an eventual move to the US (visa is not the issue).
I have a Cyprus trust where I’m excluded from benefit (alongside spouse etc, siblings are beneficiaries) and thinking of setting up an offshore company (cayman, BVI) with paid directors underneath it to move an actively brokerage account into the company (main source of wealth, no crypto). Cyprus companies are impossible to use as Interactive Brokers makes it very difficult and in any case it’s 12.5% not zero.
Ideally I would be an employee (active trader) of that (maybe BVI/Cayman) company and could take a salary (perhaps with an EOR in the US) to pay for things in the US while the gains compound tax free in the company - because the trust that owns it would count as a non-grantor trust given I and any spouse/kids are excluded from benefit.
This sounds like it would all work tax wise, but wanted to get this group of people to poke holes, since it all sounds way too easy in theory for it not to have issues
I have a Cyprus trust where I’m excluded from benefit (alongside spouse etc, siblings are beneficiaries) and thinking of setting up an offshore company (cayman, BVI) with paid directors underneath it to move an actively brokerage account into the company (main source of wealth, no crypto). Cyprus companies are impossible to use as Interactive Brokers makes it very difficult and in any case it’s 12.5% not zero.
Ideally I would be an employee (active trader) of that (maybe BVI/Cayman) company and could take a salary (perhaps with an EOR in the US) to pay for things in the US while the gains compound tax free in the company - because the trust that owns it would count as a non-grantor trust given I and any spouse/kids are excluded from benefit.
This sounds like it would all work tax wise, but wanted to get this group of people to poke holes, since it all sounds way too easy in theory for it not to have issues
