Hi,
I was wondering what are the taxation implications for investing in an offshore company from own company ?
Id like to make an investment to the tune of around 40k yearly to an offshore company but do not know where to start etc etc.
What is the taxation impact of this and any pitfalls that you can think of i would be interested to know.
Essentially the offshore company would for all purposes be similar to a hedge fund in that it will trade asset's short term etc etc.
I'm comfortable with the risk but i would like to know the taxation impact.
The reason for offshore is due to the regressive taxation nature of the actually trading company been based in Ireland.
Thoughts / comments or has anyone gone through this ?
I was wondering what are the taxation implications for investing in an offshore company from own company ?
Id like to make an investment to the tune of around 40k yearly to an offshore company but do not know where to start etc etc.
What is the taxation impact of this and any pitfalls that you can think of i would be interested to know.
Essentially the offshore company would for all purposes be similar to a hedge fund in that it will trade asset's short term etc etc.
I'm comfortable with the risk but i would like to know the taxation impact.
The reason for offshore is due to the regressive taxation nature of the actually trading company been based in Ireland.
Thoughts / comments or has anyone gone through this ?