Hi all
I have an Irish LTD (I am sole shareholder) that has some outstanding liabilities to an offshore company.
I am the sole shareholder of the OffshoreCo (and live in that jurisdiction).
Once the liabilities are paid to OffshoreCo, I will get the benefit of them.
Assuming I have the correct receipts in place etc, can I just wire the cash from my IrishCo to my personal bank account in Ireland? Do bank account transactions matter in these circumstances? I'm going to get the cash anyway so if it was possible to save of bank transfer fees that would be great but it might not be possible?
First year trading so still learning the ropes. thanks
I have an Irish LTD (I am sole shareholder) that has some outstanding liabilities to an offshore company.
I am the sole shareholder of the OffshoreCo (and live in that jurisdiction).
Once the liabilities are paid to OffshoreCo, I will get the benefit of them.
Assuming I have the correct receipts in place etc, can I just wire the cash from my IrishCo to my personal bank account in Ireland? Do bank account transactions matter in these circumstances? I'm going to get the cash anyway so if it was possible to save of bank transfer fees that would be great but it might not be possible?
First year trading so still learning the ropes. thanks