Will my Offshore company be considered a Local Resident Company in these countries?

[Marzio]

How would this work in practice?

You hire yourself in the country of your choice by using a company like Remote

 

[JustAnotherNomad]

You might want to look for countries with Double Tax Agreements with Hong Kong. Often the DTA will deem one country or the other as the taxable authority regardless of PE or where Effective Control lies.

Most of the EU uses the 6 month rule for Effective Control I've found.

Interesting, do you have an example for this? Unfortunately HK taxes aren't that low...

 

[JohnLocke]

You hire yourself in the country of your choice by using a company like Remote

That's a nice one.. will have to look into it.

 

[Jerry1911]

You hire yourself in the country of your choice by using a company like Remote

But they would still receive a CRS report for the company in question, no?

 

[TheCryptoAnt]

Your local tax authorities haven't received a CRS report for any of those companies, and that changes things AFAIK.

But they would still receive a CRS report for the company in question, no?

Why would they? Unless you was dumb enough and gave them your home address

In the case of Global HR Solutions & Employment Tools for Distributed Teams, you just contract with them; theres no CRS reporting here.

 

[Jerry1911]

Well don't you need a bank account for the company in order to pay out the salary?

 

[TheCryptoAnt]

Well don't you need a bank account for the company in order to pay out the salary?

yes you do.

Unless you was dumb enough and gave them your home address

Theres a myriad of ways to circumvent CRS.

 

[Xshore]

It's often not automatic that it follows your personal residency. The most common corporate residency rule is where management and control is performed. You can be personally tax resident in a country without physically being there, and then it would be clear thsg the company is not run from there. Likewise you may have a valid reason to run the company from another country than where you are resident.

 

[JustAnotherNomad]

It's often not automatic that it follows your personal residency.

Correct, but they would want to see proof.