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by matt4077 3704 days ago
Don't do offshore. It's just a premature optimization. It also does not actually save you money unless you're leaving it outside the country. If you want to spend it in France or Germany, you have to pay taxes on it anyway.

If you ever need a credit or want to sell to businesses, you'll also find out that people don't trust Limiteds. One reason is that traditionally people used them for a fresh start after going bankrupt and being barred from operating a domestic company. It also appears as if ltds attract more than their statistically fair share of douchebags, ruining it for everyone else.

Also, and I know people differ on this, but I kinda think paying taxes isn't the worst thing there is (and is probably a moral obligation). There are also possible downsides from avoiding taxes & social sec contributions, like not having the kind of certificate for your income your next landlord might want, the inability to join public health insurance and the risk of managing all your retirement funds yourself – a friend of mine lost the two million € he had saved in his limited when Royal Bank of Scotland(?) went under.