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Close2Bankrupt · 29th April 2008, 07:16

From my understanding all of the management companies offer a similar deal, and tell you that they are either fully tax compliant, or are currently tax compliant due to a loophole in the German laws.

I think the only difference between these companies, apart from the percentage they charge, is the way the "other money" is handled, ie in an offshore account in your name, or offshore account in the name of a trust, and off course how you can access that money, ie via a loan from the trust, or some provide credit cards to access the money.

The problem is that there is no way of finding out if the company you want to use has been blacklisted, or is under investigation.

29th April 2008, 07:16	#18
Close2Bankrupt Not worth listening to Join Date: Mar 2008 Location: London Posts: 5	From my understanding all of the management companies offer a similar deal, and tell you that they are either fully tax compliant, or are currently tax compliant due to a loophole in the German laws. I think the only difference between these companies, apart from the percentage they charge, is the way the "other money" is handled, ie in an offshore account in your name, or offshore account in the name of a trust, and off course how you can access that money, ie via a loan from the trust, or some provide credit cards to access the money. The problem is that there is no way of finding out if the company you want to use has been blacklisted, or is under investigation.