First of all, let me congatulate you all on a fine forum. The "tone" of this forum seems so much more friendly and helpful than so many others.
Now my problem.
I have been offered a temporary job (about 1 year) in a Hong Kong by a large reputable multinational company. However they have told me that I need to be sponsored to obtain a visa, and that they will not sponsor me directly. They will use a third party to sponsor me, and from what I understand, I will be taken on as salaried staff of the third party.
To be honest the relationship between me and the third party is somewhat vague, Everybody seems helpful so Im cautious but not worried about jumping too quick.
However, my wife and children will stay in Europe, and as we own a house I will find difficult if not impossible to get non-resident status. My HK salary will therefore be exposed to HK tax, and as there is no tax treaty, to horrendous (and that's putting it politely) very socialist European income tax too.
What I have suggested therefore is that I go on a split.
Some pay as local salary, and the rest to my own company where I will be able to dribble the money out of the company over a longer period of time to keep my marginal income tax rates down.
So the questions for the panel are :
is this scheme legal? I've already read here that it will probably not be if my company is based in HK as I will not be allowed to work for it, but I suppose if my company is offshore (as far as Hong Kong is concerned) it should not be a problem.
is the scheme absurd?
do you have a better idea?
Many thanks for your advice.