Avoid paying taxes with an Offshore Company

[FreedomOffshore]

Originally Posted by Tolstoy

I'm 16 and run a business, do I have to pay tax yet? I'm the registered director of the company. What about offshore banking (cayman islands for example)? Basically I want to avoid paying tax in a legal way.

One of the legal ways to do this is to find someone who has a charitable foundation (I did) who will allow you to contribute to it. They then ask you if you would like to manage the money you contributed to the foundation. You consent to that and you set up an offshore limited liability company or an international business company to hold the money you contributed. You then can open up bank accounts and investment accounts with the foundation as owner of your money but you working as a contracted employee for the LLC or IBC. The foundation would then grant you loans for your work as a contracted worker for the foundation. Loans are not taxable you know.


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