I am currently seeking both private and public venture capital.

How do I, as a non-EU citizen (New Zealand), essentially (legally) insulate myself from VERO, Finnish Taxes etc whilst retaining the right to live and work here? Do I, as a person and primary representative of that branch, have to stay in Finland for more than the 180-days per year or whatever it is…

have As per my previous post, my company is currently set up like this:

NZ Limited Liability -> Sivuliike Suomessa (Finnish Branch).

Should I:
1. Set up a trust in NZ
2. Set up a trust offshore (Isle of Man?)
3. Set up a trust somewhere else (in the EU or UK)
4. Set up a trust or company in the other country that we operate in (currently Japan, China, Russia)
or

Do all business in Finland through the NZ company, all funds through NZ, and use the company somehow, possibly in order to make a loss (loss attributing company) or something else?

Do all the business through the Finnish company, which then has to pay the parent company in NZ some sort of fee (like a franchise) so that it technically makes nothing (or is at least under some threshold)

Basically, I want there to be as little information about me as possible, but I would also like to be able to continue doing things here (working, buying an apartment, having the right to reside and all that)… similar to the way that “no Finnish entrepreneur makes Finland his tax home”… thats what I want, I guess…

Ideas?

In Germany, cars are (generally) less expensive, too!

Base prices of Porsche (as per http://www.porsche.fi)
Boxster 2,7 litraa, 180 kW / 245 hv – 5 vaihdetta 71 900€

Base prices of Porsche (as per http://www.porsche.de)
Boxster 2,7 litre, 180 kW / 245 hv – 5 vaihdetta 45 071,25€ inkl. MwSt.

Stark, I know, but hrm! It seems one doesn’t have to be *as* wealthy to own a nice car.

Mercedes-Benz C Class (as per Preisliste_C_Klasse_Limousine.pdf at mercedes-benz.de):
C200 CDI 40 757,50€ inkl. MwSt.

Mercedes-Benz C Class (as per C-sedanW204_040607.pdf at mercedes-benz.fi):
C200 CDI 46 800,00€

…but why?

One day a couple of months back, I happened to be waiting around in PRH and got a call from some investment firm in Japan who informed me (upon some questioning) that they had got my details from public records. As I used to live there (and am a semi-frequent visitor), I said that it would be best to meet them near their office to discuss investments, at which point I was promptly hung-up on! I later sent them an email, but was never replied to. I got a call again more recently from (I think) the same firm, and I told them that I had already spoken to someone a couple of months earlier…

I’m definitely going to be officially paying myself next-to-nothing in this country, whilst officially remaining resident for tax purposes, and instead paying myself in New Zealand, which has extremely strict privacy laws, and doesn’t tax on income earned outside the country, and which has a double-taxation treaty with Finland.

A perfectly legal (though technically questionable) method of not paying taxes AND remaining practically anonymous through the fact that (most of) my income will only ever be in Finland in the form of actual hard currency, and I would technically still be eligible for many of the benefits (due to very little income being declared here, I could appear to be another struggling foreign entrepreneur).

I’d better talk to the person I like to call “the VERO lady” and make sure I’ve got all that right, though Does anyone else think that this is feasible/logical/legal/questionable etc?

As am I.

The inheritance tax is an idea I fully support. It might not work perfectly but that doesn’t mean we need to get rid of it for good. Same with universal healthcare etc. If you ask me, the reason these things don’t work is that a large part of the people (and those who have more money generally) don’t support them and thus are trying to disable them.

Stick around. You might learn a few things.

“I very much support more govt. action to get the cheaters.”

I’m only talking about legal ways here.

I also think that the Gates family is serious about charity. Call me naive. I know there are ways to avoid the inheritance tax but apparently they’re not that great if the richer folks still want it abolished so badly. I very much support more govt. action to get the cheaters.

My point is not that inheritance taxes, forced income disclosure and overtaxation in general are morally right or wrong. I’m only saying that they don’t work.

Or otherwise stated, they only affect those who don’t have the flexibility to structure their finances to avoid them (I’m speaking of legal ways, of course). Hence, they only serve to keep the ‘little guy’ poor.

In the big picture though, our misguided policies provide a nice boost for—e.g.—developing Asian economies. We don’t mind helping them at our expense, do we?

Notice the little Asian money piggies
http://www.finlandforthought.net/2007/04/10/porssi-is-finland-afraid-of-wealth/

Insulating one’s wealth using charitable foundations is an extreme case reserved for ultra-wealthy individuals. It’s not the norm. But despite the tax refuge, a country benefits from the capital albeit indirectly—for example, it benefits the financial sector, which in-turn DOES contribute to the overall tax base.

For less-than-ultra-wealthy individuals, there are much easier ways to preserve wealth. As I mention regularly, inheritance taxes, forced income disclosure and overtaxation in general only ensure that productive capital resides outside of the country. That means all profit it generates will also be taxed outside of the country, thus leaving we the little workers with all the tax burden of funding the infrastructure.

Indeed, what is the point of attracting high net worth individuals when they have the means to avoid taxes anyway? Perhaps their presence is ideologically important to Kristian.

“Even more interesting is that the Gates’ fortune—all 24-billion of it—is nicely secured in a Charitable Foundation. ”

Whatever the fate of the Gates’ fortune is, and whatever Bill Gates father has said about inheritance tax, doesn’t change anything concerning the role of the inheritance tax. And the fact is that, the bitching about DOUBLE taxation, people like you constantly produce as an argument against inheritance tax, is LAUGHABLE.

If I work, and earn a salary, why should I pay taxes for that, whereas some person INHERITING – and possibly doing nothing useful – pays nothing? The salary I earn, may be paid by the income of other (tax-paying) salary earners, whose income nay be paid by other (tax-paying) salary earners… Quadruple-taxataion. The double-taxation concerning inheritances, is typically spread over a very long time. This argument ought to be finally tossed out into the garbage bin with all other tax- and economy-myths we have had to endure too fucking long.

Kristian of spoo, so much for all your endless blabber about how the attracting of high wealth individuals would make Finland so much better off.

Pave, please inform yourself before you criticize others’ arguments. For example…
http://en.wikipedia.org/wiki/Ingvar_Kamprad#Net_worth
http://en.wikipedia.org/wiki/Ingvar_Kamprad#Stichting_INGKA_Foundation