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Can i send money to someone in germany for investment?

i want to send money to someone in germany for investment. when the person sells, the person will keep 10% of the profit and sends the rest back.

is this legal? what are the tax implications for me and the german resident?

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1 Best answer

Accepted Solutions
pk
Level 15
Level 15

Can i send money to someone in germany for investment?

@super dave , as long as the activity is legal  ( i.e. both  in the USA and  in Germany ), this is perfectly legal.  Just note that the net income/ profit  is taxable income  in the USA and if Germany taxes  the income also then  you should be able to claim foreign tax credit or deduction.

 

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1 Reply
pk
Level 15
Level 15

Can i send money to someone in germany for investment?

@super dave , as long as the activity is legal  ( i.e. both  in the USA and  in Germany ), this is perfectly legal.  Just note that the net income/ profit  is taxable income  in the USA and if Germany taxes  the income also then  you should be able to claim foreign tax credit or deduction.

 

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