Originally posted by Paralytic
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Adding a foreign shareholder
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by ladymuck View PostSo what does your business gain from having this additional shareholder, taking funds out of the business? Are they putting in lots of capital or providing expertise that your company needs to grow?Originally posted by northernladuk View PostWhy do you want to give your money away like that? Withdrawing money via dividends comes with tax benefits, to gain an unfair advantage using dividends incorrectly to meet an end which pays less tax is evasion. Like all proceeds, they exist legally but abuse them and they become a problem.Originally posted by Paralytic View PostWithout saying WHY you want to do this, and on what basis, no-one can answer your question. The WHAT you are doing could either be classed as avoidance (legal) or evasion (illegal) depending on the WHY.
So, what is the bigger picture here? Does the person already own the shares? How is/was the transfer of shares done? Was it a gift? Did they pay for them? Were the shares in exchange for something else (a non-financial transaction)?See You Next TuesdayComment
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Originally posted by Lance View Postmoney laundering????'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by kazh View PostThanks! the person is not my spouse, family member, or remotely related to me, nor are they in any other business with me, or in any business remotely connected or benefiting directly or indirectly, they don't have another business or company.
I cannot access the money at all in any way directly, indirectly, remotely, etc, and cannot gain anything from the use of that money in any other way
My goal is to have a shareholder who can legally withdraw dividends without doing anything even slightly dodgy or shady whatsoever
Send form to whatever bank is holding your funds as presumably you have failed KYC + passport + utility bills + contact of employment
Bank will release funds to Mr Tarax dodger
Mr Tarax Dodger can then send you the funds
Top tip
Don’t send over £10K in one go, don’t use same bank to send funds
Sent from my iPhone using Contractor UK ForumComment
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Originally posted by northernladuk View PostMaybe he's one of those nice philatelistic or whatever type people that live giving their money away to good causes and he's actually saving starving children in war torn africa. You'll feel bad calling him a money launderer if that's the case... BIDI.
Or it's a terrorist organisation."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostOr it's a cult.
Or it's a terrorist organisation.Comment
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Originally posted by ladymuck View PostOr a terrorist cult organisation---
Former member of IPSE.
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Many a mickle makes a muckle.
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Originally posted by wattaj View PostNow, now, now... could just be a member of the Conservative Party.
In all seriousness, you may be breaching the terms and conditions of your contract if you are not in full control of your limited co.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by ladymuck View PostSo what does your business gain from having this additional shareholder, taking funds out of the business? Are they putting in lots of capital or providing expertise that your company needs to grow?
I just want the shareholder to have money to use how they please and I have no idea how they will use itComment
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Originally posted by northernladuk View PostWhy do you want to give your money away like that? Withdrawing money via dividends comes with tax benefits, to gain an unfair advantage using dividends incorrectly to meet an end which pays less tax is evasion. Like all proceeds, they exist legally but abuse them and they become a problem.
I will never see the money again in any capacity or benefit in any way from its use or investment in any way, lets say the shareholder will blow the money on themselves for exampleComment
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