How to Design a ZERO Tax Company No Matter Where You Are in the World?

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How to design a company to pay zero (or at least the lowest amount legally possible) tax no matter where you are in the world? Is something like this even possible?
The most common misconception is that you can't stay in your home country and pay low taxes. Even though it is much easier to just move to a low or zero tax country it is certainly possible to design creative solutions no matter where you are.
Today we are going to give you tips on how to optimize your taxes in the best possible way, and how to avoid common mistakes.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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[@SamuelFavata]

So much great content lately (well, always). These topics are dense & tangled webs of information; it's so easy to become overwhelmed & anxious about (potentially) making the wrong moves in our biz strategies. Asking me to take a step back and consider these strategies *before* starting a biz is a helpful exercise, and actually resulted in my uncovering some new opportunities I likely would have never considered.

[@OffshoreCitizen]

Happy to hear that! Care to share some tips with us? What's worked for you?

[@billhennessey6374]

Fantastic video as always, Michael, thanks.

[@OffshoreCitizen]

Thanks! Major takeaways?

[@michaelgreen8525]

Quality content as always.

[@OffshoreCitizen]

Thanks!

[@88tdc88]

I've been waiting for a video like this oooone! Watching it now! Thanks!

[@OffshoreCitizen]

Happy to hear that! Anything else you'd like to see?☺

[@88tdc88]

@@OffshoreCitizen You cover awesomely well both SMB and solopreneurs, but personally, the more you talk about building offshore as a digital nomad, the better. Ah- and also talk about non-EU and EU citizens while mentioning income taxes, because for some visas or permits, being an EU can be disadvantageous (like the one in Portugal). Congrats on your work! I personally can't pay for your consulting services atm, I'm in a transition between being jobless and hustling my own solo business while being location-free, so your videos are quite saving my back meanwhile!!!

[@OffshoreCitizen]

Thanks for the suggestions, will do! You can definitely learn a lot by watching videos. Booking a call is great for getting specific advice and solutions for your situation, since there's no one size fits all. Good luck with your job hunting! I'm sure we'll meet soon☺💪

[@NoraisAbroad]

Great and very practical video!

[@OffshoreCitizen]

Glad it was helpful!

[@muchirikamau9998]

Good video. Please elaborate on the aspect of employee vs contractual relationship of the management function

[@Yasin_Affandi]

Thanks for this wonderful video n thanks for sharing d tips on taxes.

[@OffshoreCitizen]

You're welcome, Yasin!☺

[@Yasin_Affandi]

@@OffshoreCitizen 😀

[@TJ-cg8mq]

..just want to say - your content is really thought-provoking ... And you don some cool T-shirts :)

[@OffshoreCitizen]

Thank you, TJ! Anything you'd like to see next?

[@TJ-cg8mq]

@@OffshoreCitizen .. sure, though I don't want to overwhelm you : Vaccine Passports, Pandemic influence on e-commerce, Side hussles/passive income and how your presence is not essential in generating revenue. Also :) (and it may sound cheesy), ...how identifying solutions to people's problems and designing and implementing - to create viable business opportunities.. Thanks again for your awesome channel!!

[@OffshoreCitizen]

Not overwhelming at all! Thanks for all the great suggestions, they are all added to the list ☺👍

[@alexrappoport2911]

Great video as always,Mike. I have a question: When it comes to substance, what does "top-level" decision-making mean? Apart from staff, can you please give an example of what type of people that you should put inside the company (is it HR manager or CFO ,etc)?

[@HyggeJourney]

Basically... Can the company run without you or with other significantly partners. If you are the only in charge of the company and you only hire low-level workers - then suddenly it's hard to prove the company is not resident where you are. Even if you want to be the CEO of your business living in country X (lets say Portugal) Then hire a COO, CFO, CMO... in country A (US), B (Canada), C (Denmark). Give them fine titles. As Michael also says, involve them in decision making... So make sure you have emails, Zoom meetings etc - where you discuss things so you can back it up if you ever where questioned (unlikely) that you are not the only person leading it. Let's say your business is incorporated in US. Now it's as good as impossible for your resident country (country x) to say the business belongs there, as you can at any time say that my business is mainly being managed from A, B, C so how could I possible belong there. As well as some DTT's might help you as well depending on the mix of countries. Michael can probably explain it better - so maybe reach out to him :)

[@amiranvarov]

Thank you Michael!

[@OffshoreCitizen]

You're welcome, Amir! How did you like the video?☺

[@amiranvarov]

@@OffshoreCitizen well, it was a bit broad subject for me, I think it's bcs I'm lacking some basic knowledge about structuring business. I will do my research and schedule a call with you. I think withing a month. Need some time to gather all questions.

[@amiranvarov]

but you are doing great, i watch all your videos in my notification, good value

[@OffshoreCitizen]

Sounds great! Would be happy to assist you. Looking forward to meeting you☺

[@stephandaley3197]

You just answered my question. Thank you Michael. One more thing, does this work? I want to use a Cayman Foundation Company. I would move to Cayman, use my ordinary resident Cayman company to be the director for my Canadian client's foundation company. In this case the Founders of the company are the Canadian clients. Then use a virtual office to outsource most of the admin, sales, and accounting work. Then I would use cash on the balance sheet to buy ETH, BTC, or Tether, take loans against the crypto and then use that as liquid cash that the Founders of the Cayman Foundation Company (Canadian Clients) can use tax free in Canada.

[@susiegerrells5194]

We so enjoy your videos!!! What about for a recruiter/head Hunter that is solo, could that be set up in say Bulgaria while living in the USA to any tax advantage?

[@mrkcur]

This is one of my favorite videos on this topic! Thank you.

[@OffshoreCitizen]

Thank you! Appreciate your support. Anything you'd like to see next?

[@mrkcur]

@@OffshoreCitizen Perhaps you go through your old videos and pick a few that have done well. Do another video on the same topic but expand a little and include updated info.

[@FJF119]

As always a excellent presentation ......... Does this " Zero Tax " include American living offshore ; i e , I ask because Citizen Based taxes

[@rajshreyashadhav3052]

Does this work even after the global minimum tax thingy???🤔 Great video tho 👍

[@thecontainerthecontents6889]

Michael can you make a video about business insurance? Do online companies need it in your opinion. Like a seller on amazon etc. Common small online businesses. Do they need product liability insurance etc? The insurance side of small business is something many small business ppl arent even aware of.

[@OffshoreCitizen]

Sounds like a good idea, thank you! Will see what we can do👍 What's your opinion about it?

[@thecontainerthecontents6889]

@@OffshoreCitizen i dont know, i wasnt even of it until a few days ago. Now i find out theres many kinds

[@CescatoStudio]

Thank you for your video series. What about a CCPC that has passive income to reduce the 50% tax rate?

[@ilamalihilustan22]

What's that

[@cryptoFi]

Great video, thank you very much! What do you think about having a company in Romania selling digital services and products worldwide), and living in Spain? Is there any way to do this legally and not pay taxes in Spain, or pay the minimum after optimizing everything?

[@dragonier8133]

Portugal, yes. Spain, forget it.

[@ilamalihilustan22]

How did it go for you?

[@ilamalihilustan22]

How much taxes would you pay that way?

[@ilamalihilustan22]

​@Dragonier any other options? 😛

[@ouailbaas48]

Thatswhy summary is important…

[@Gorilladome4664]

Michael, or anyone quick question....anyone have experience in moving a stock portfolio from say Canada, North America....offshore to an overseas broker, 'in kind' without having to liquidate your stocks into cash, wire...re purchase etc....I can do this locally within Canada between the different brokers, but international? Thanx!!!!

[@vip1555]

Hi bro..can u make a vedio on honorary philanthropy vip passport by for UHNW. Direct citizens in 1 months. Like germany contributions in foods loss, Switzerland, direct philanthropy to .Gov. It will help lot to many government. They can easily create new revenu very easily.with zero tax schemes...they are already give big amounts as a philanthropy again you ask them tax...it's unfair...

[@mobileandroid5299]

Why would you want to empower, reward, support, and help dastardly unproductive parasitic gang members who join the government gang to leech off & extort money from other people using the gang mentality & the monopoly of violence?

[@HunkyMan777]

What about countries with tax on worldwide income

[@OffshoreCitizen]

All depends on the details involved. Probably best to reach out so we can discuss

[@freedomgoals]

How can a Canadian software freelancer single owner/shareholder of an offshore business in BVI, set-up the business so the business residency isn't taxable by Canada? Would having a few subcontractors in Europe be enough? or adding a Director outside Canada? Should they remove themselves as director? Much appreciated!

[@OffshoreCitizen]

many details to cover here, probably best to reach through our website

[@song1749]

👍

[@MOON-zo3ik]

So hire folks from a country that have zero taxes to do work for me?

[@bimsalijaj761]

Try Kosovo in south europe , they charge you 10 % taxes on profit .

[@ilamalihilustan22]

​@@bimsalijaj761 you mean incorporate in Kosovo?