Otap Solutions, based in Luxembourg, is a one-stop solution for international experts, interim managers, city professionals and IT contractors. Through our partnerships we are able to provide tax advice and planning, worldwide company formation and administration, comprehensive multi-currency solutions and multi-jurisdictional management services.
These services will enable you to confidently meet and overcome the complexities of financial, legal and compliance requirements associated with providing your professional and specialists services outside your country of permanent residence. This will enable you to maximise your long term financial benefits. The most efficient solutions will depend on the nature and location of the assignment, the end user’s tax regime and the domicile of the contractor.
Otap Solutions will either provide a contract of employment with the operative/consultant, setting out on a schedule the conditions of the client contract, or provide a management contract service. A head agreement is then completed with the agency or end user for the consultant’s services.
Invoices are then raised and sent to the end user/agency/client using the billing information sheet which is submitted by the operative. Talent may also require a copy timesheet signed by the client’s representative to confirm the validity of the invoice. On receipt of the consultancy fee in the form of cleared funds then the net fees will be transferred into the contractor’s preferred bank account, minus our agreed charges.
What will a management company do for me?
A management company lets the independent international specialist enjoy the flexible financial arrangements which are enjoyed by large international corporations and their shareholding directors to base their earnings in low tax jurisdictions.
The real advantage is that you won’t need to form or operate your own management company with all the legal, accounting and administrative responsibilities that entails. Talent Holdings Ltd and Talent Resource Management Ltd will enable you to work as a shareholder, employee or an independent consultant dependent on your country of residence and domicile. We can arrange select contracts and create capital gain situations that will enable you to work in the most tax-effective way. Business expenses may also reduce your tax burden and the use of an Employment Benefit Trust (EBT) may also further protect your earnings if you operate through the UK tax system.