It can if a US LLC can cost 150-160/year there is definitely other countries with lower or closeby costs. Besides there is 252 other countries/dependancies besides US and only need find around 5-8 countries that work and fit requirements and your pretty set for a decent time until law makers mess up tax laws again
Estonia taxing undistributed profits in 2026 where people will go to now?
- Thread starter Nw1
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Is it really such a big problem that they tax the profits in a company that way?
There must be a way to avoid it or at least just pay the small amount of tax it involves without having to relocate or shut down a company that you've spent time and money registering.
There must be a way to avoid it or at least just pay the small amount of tax it involves without having to relocate or shut down a company that you've spent time and money registering.
The problem is as a director you are financially liable for 3rd party errors/mistakes or otherwise whoever submits the audits/accounts/tax docs etc and each country has like 5 or 10 years within which tax authority can come back and say oh wait we accepted your submission but upon double checking looks like your submission is wrong so we decided to fine you xyz amount now pay up or face jail time or some other authority would be more generous and︀ make u pay and face jail time depends on how big of an error it︁ is.
Which means more of my time wasted going over every calculation to see if︂ everything is correct, so much better to find a place which has lower or no︃ taxes as per requirements I said before so less risks
I don't mean like nationalization or confistication︇ what I mean is automated tax collection at end of financial year(if it is a︈ tax collecting country then 0.1-2% tax justifiable since you anyway pay that cut to your︉ payment processor too which is automated) no need for self submission/docs/calculations/tax refunds all time wasting︊ stuff with extra costs not like tax department does our accounting or auditing for free.︋
If you want to not pay tax then you should consider a no tax collecting︌ country things should be simpler like that.
Which means more of my time wasted going over every calculation to see if︂ everything is correct, so much better to find a place which has lower or no︃ taxes as per requirements I said before so less risks
I don't mean like nationalization or confistication︇ what I mean is automated tax collection at end of financial year(if it is a︈ tax collecting country then 0.1-2% tax justifiable since you anyway pay that cut to your︉ payment processor too which is automated) no need for self submission/docs/calculations/tax refunds all time wasting︊ stuff with extra costs not like tax department does our accounting or auditing for free.︋
If you want to not pay tax then you should consider a no tax collecting︌ country things should be simpler like that.
OP can you tell me what provider you are using right now which fit your budget ? I would like to know them.
Me too. And which country you are in to hide taxes. It fits my tax appetite. Would like to move in next door.
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