uncleflo
Registered since September 28th, 2017
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Tag selected: residency.
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Country specific advice | boating abroad | RYA
Saved by uncleflo on February 12th, 2022.
A vessel must comply with the regulations of its flag state wherever it is in the world. In addition when cruising the waters of another country (as explained on the page Law of the Sea and the Coastal State), that country can require you to comply with its national legislation (as applicable to foreign flagged vessels). The UK's relationship with the EU changed from 1 January 2021. As a result you now have an obligation to report to UK Border Force when moving into and out of the UK by recreational boat. You should expect greater scrutiny and requirements to report on arrival and departure, when moving between the UK and the EU and/or the Schengen area by recreational boat. For each of the countries listed, answers to questions that regularly come up are provided. The information applies to UK registered boats owned by private individuals who are resident in the UK, which are taken abroad by them on a short visit. If you choose to base your boat abroad, have both property and your boat in a country, become resident abroad, cruise a company-owned yacht or use your vessel commercially (including offering it for charter), the rules may differ considerably from those applicable to private vessels on short visits. Specialist advice should be sought from the authorities (or a lawyer) in the country concerned.
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Offshore or low-tax solution for software developer | OffshoreCorpTalk
Saved by uncleflo on April 12th, 2021.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more. I have been googeling lot of information about offshore or low-tax solutions and I found couple of useful info, but I still can't create the ideal structure, I think I am still missing some info, so I decided to ask here for an advice. I will describe my situation. I am doing turnkey software products. It can be sold by different ways. I can always sell it to my customers as a Software License (Intellectual Property), or I can invoice and sell it as turnkey programming hours, or I can sell it as ready-made product. It depends what's better for me, my customers are tolerant to me we have very close relationships and I found that some countries have tax-friendly strategies for Intellectual Properties for example, so that's why I am mentioning this. All my activities are online and remote, I also travel a lot. Sometimes more, sometimes less, depends on mood. I have customers mostly from EU (private persons) and I am also EU citizen with EU personal tax domicile.
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