Briefing: 26 years old, Canadian-born tech entrepreneur who left Canada for good 5 months ago. Currently switching residence between Singapore, Malaysia and Philippines; where I officially don’t have any immigrant status (no work visa/permanent residency).
My current situation involves the sale of shares of my Canadian ad agency, a federal corporation based in Quebec. Purchaser is my old business partner. The current payment scheme involves me receiving 100% of the monthly dividends until I’m paid in full. I am tax-free myself through the first-time sale exemption but the company itself is taxed through that arrangement.
Is there any legal way to create a company elsewhere, being paid as a “consultant” instead of through dividends; and making sure that this “elsewhere” charges me no taxes on my "consulting charges"? Most importantly, where is the best "elsewhere"?
I would use that newly created company and part of the money to start my next business as well. I’m looking for a simple, low-setup-cost solution if possible. Nothing too evasive/complicated.