Country selection advice

[JustAnotherNomad]

You should move your a*s before you set up a new company.
Your income is‌ very low at the moment, so you have plenty of options. Whether you pay 0%,‍ 5%, 10% or 15% tax means very little with your numbers.
Start with where you⁠ want to live.
Moving to another EU country will probably be less risk. You can⁤ go to Cyprus or Malta, for example. There are plenty of Swedes there, taxes are⁣ low (5-12.%, something like that).
You could even live there and run an offshore company⁢ from there, and they likely wouldn't even bother you, even if - in theory -︀ you should pay tax as if it were a local company, since they have the︁ same rules as Sweden, but enforcement is very lax.

You really should start with where︂ you want to live. There's no point in moving to Dubai if you like going︃ for hikes in the forest.

Once you have decided on what kind of country you︄ like/you have narrowed it down to a few countries, you can start looking at different︅ options for the company.

 

[Clank]

High risk business.

 

[Learner458]

Sweden is terrible, firstly im somehow︅ paying over 50%. It’s not safe for me and l’m asking about the tax stuff︆ but I’m moving cause of the safety issues I’ve got.

 

[Learner458]

What I’m asking is just where to move my⁠ company and also when to move it and if it’s possiblento move it right now⁤ without major tax issues arising.

 

[JustAnotherNomad]

And we have told you you have to move yourself first.⁠
There's no point in "moving the company" if the company is just you and you⁤ want to stay in Sweden. The company will be treated like a Swedish company in⁣ the eyes of the Swedish tax office.
If you don't pay tax for the offshore⁢ company in Sweden, that's tax evasion and potentially a criminal offense.

When you have decided︀ on countries you could imagine living in, only then it's worth thinking about the location︁ of the company.

 

[Learner458]

I mean yes what I don’t get is why it’d still︀ be treated as a Swedish Company after I move my a** out of Sweden

 

[JustAnotherNomad]

It won't be.
But if you set up the company before, it will start as‌ a Swedish company. At the very least, the company has to register with the Swedish‍ tax office and pay tax in Sweden as long as you are in Sweden.
Once you move, they may agree that it's no longer taxable in Sweden, but it will⁠ likely fall under other rules, such as exit tax.
Google says Sweden doesn't have exit⁤ tax, but it does have "10 year rule", which means that if you sell the⁣ company within 10 years after moving to another country, you have to pay tax on⁢ this in Sweden.

Even if you don't want to sell the company, just think of︀ the hassle:
You have to contact the tax office and tell them: "Hey guys, I︁ registered a Nevis LLC for my company, I want to pay tax for it."
Imagine the head scratching. This alone might give them a reason to investigate you further: "What︂ kind of shady business does this guy have going on?"
Then there will be a︃ lot of paperwork to register the company as a Swedish taxpayer. You have to register︄ for VAT, corporate tax etc.
Then if you move in 5 months, you have to︅ contact them again: "Oh hey guys, I'm leaving. By the way, I don't want to︆ pay tax for my company anymore."
Then you're going to have to deal with a︇ lot of questions:

• Why should this company no longer pay tax in Sweden? It was︈ paying tax in Sweden before?
  
• Ok, so you no longer run the business from Sweden,︉ so where are you running it from? You're moving to Thailand? Show us proof the︊ company actually has a registered office in Thailand and pays tax there.
  
• What do you︋ mean, you're a digital nomad? Never heard about this. Where is the office? Do you︌ have employees? Do you have Swedish customers?
  
• Oh, so you have Swedish customers... Well, then︍ we believe the company should still pay some tax in Sweden. If you disagree, feel︎ free to hire a lawyer and sue us.
  
• Oh, and we'll also make a note️ that you have to pay tax if you sell the company in the next 10‌ years. We'll keep you on our radar to make sure you don't try to avoid‍ this tax.
  

It's just a massive headache.

Move your a*s out now, the sooner, the⁠ better.
If you move to e.g. Malta, you may even be able to keep the⁤ company and just pay 5% in Malta instead.
Or you move to e.g. Dubai or⁣ Thailand, you tell them "Byyyye" and then you set up a new offshore company (not⁢ sure Nevis would be my preferred choice) that you don't have to tell them about.︀ Then you close the Swedish company. Very clean and simple.

Or you can set up︁ the offshore company now, never tell the tax office about it and have to worry︂ about going to jail for tax evasion for the next 20 years.

I know what︃ I would do.

 

[daniels27]

Let me summarise things for you again. You are selling privacy services from your home‌ in Sweden and are worried about having to pay VAT on all sales. You propose‍ to incorporate offshore to avoid having to charge VAT to all customers.

Let's go through⁠ it step by step.

Offshore Company
An offshore company is a good idea. But only⁤ if you personally leave Sweden before incorporation. If you incorporate while you are in Sweden,⁣ you must register a branch of your company in Sweden. You will then be subject⁢ to Swedish tax on the business profit. Of course, the branch will also be subject︀ to the same Swedish VAT rules as you are now.

Opening a company even 1︁ day before you left Sweden only makes your life more complicated. We all do not︂ advocate this move.

Your Broken VAT Accounting
The problem you are having now is that︃ you don't know what VAT to charge, so you just charge Swedish VAT. While it︄ may be ok for a while, you are in violation of EU rules. You must︅ use OSS
https://vat-one-stop-shop.ec.europa.eu/one-stop-shop_en
If you do not use OSS, any member state can claim VAT︆ on the sales you made to his territory.

The Solution: Proper VAT Accounting
What you︇ are supposed to do (if you are staying in Sweden) is that you do proper︈ VAT accounting and pay VAT where it is due. You can use your customer's IP︉ address and for those that pay by card, you can look up the country of︊ the card. You can then properly invoice customers. Don't walk around telling people that it︋ is not possible etc. You can talk to the VAT guys and explain them that︌ you have a business model similar to Mullvad. This is a Swedish company and they︍ are able to handle all sort crypto payments too. Here is how they issue the︎ invoice:

Source:
https://www.studocu.com/en-us/docum...m/mullvad-vpn-receipt-uhtuhwjnetkj4g/88847604

 

[Fulton Abraham Sanchez]

Hi L, Nevis is a strong option for offshore incorporation, offering asset protection, privacy, and‌ a streamlined process. For banking, consider crypto-friendly institutions in Switzerland, Puerto Rico, or the Cayman‍ Islands. Additionally, a bank in Dominica may support accounts for company crypto transactions. Let’s discuss⁠ the best setup for your needs.

 

[Fulton Abraham Sanchez]

Nevis is a strong option for offshore incorporation, offering asset protection, privacy, and a streamlined‌ process. For banking, consider crypto-friendly institutions in Switzerland, Puerto Rico, or the Cayman Islands. Additionally,‍ a bank in Dominica may support accounts for company crypto transactions.

 

[bubbledouble]

how do you proceed ?︁ Moving the company alone won't help you in this situation, you have to relocate to︂ a country where you can accept the taxes.

 

[funny money]

In our direct experience you should avoid BBCincorp.

They are not honest. They prey⁢ on their client base.

 

[tacokai]

Nevis LLC could be a︁ good option for limiting tax liability, but keep in mind that some banks may not︂ be as crypto friendly.

You might also want to look into jurisdictions like Seychelles or︃ Belize, which offer similar benefits but with more crypto friendly options.
F
or banking, consider︄ using crypto friendly services like Revolut or a specialized offshore bank like CEX.IO for both︅ crypto and card payments. As for agencies, I’ve had good experiences with companies that specialize︆ in offshore services like Harvard Business Services or Offshore Pro Group.

 

[drillbill]

You need to move your︁ self out of the country to somewhere you want to live with low taxes. The︂ company alone won't make it.

 

[Learner458]

Hey I just moved out of Sweden.︄ And I'm torn between registering the LLC first or removing my tax residency first, since︅ to remove my tax residency, I'd have to close down my business which would lead︆ to me working without a registered business.