What's the most stress-free cheap company setup to pay yourself a salary to be eligible for Digital Nomad visas?

[DSoz]

If I am just applying as an employed person and not someone⁤ who owns a company, how would they know I am the owner of such a⁣ company? All they want to know is if I am getting a certain salary from⁢ a company, I doubt they care about anything else.

There is usually a business owner︀ category as well but I prefer not sharing company formation paperwork. Being salaried is less︁ paperwork and easy to explain.

 

[JohnLocke]

To which country does this apply ?

 

[DSoz]

Mentioned earlier in‌ the thread - Malta.

Looked into this, not privacy-friendly,⁤ unfortunately. Wyoming looked good for anonymous setup but then if I go with that, I⁣ won't be able to trade futures on exchanges outside of US.

 

[fardreamed]

Sri Lanka.
Company + Residency take some time but then you can employ yourself as‌ whatever you want. Also, you can have 100% shares of your company as a foreigner.‍ Yes, crypto, financial services are under the right “word phrases” in your Articles of association⁠ possible.

 

[DSoz]

Srilanka seemed to be in crisis last I heard,⁤ what's the situation now? And what about banking for this? Taxes?

 

[mytoofood]

I don't understand how one can consider Sri Lanka as any kind of option. You‌ certainly won't get far with doing business in Western Europe with such a company, that‍ much I'm sure of.

 

[fardreamed]

I think that’s just a bias,⁠ since I’m able to pull it off with an ease. Sri Lanka might be in⁤ the middle of nowhere for Europeans, but that’s again a bias. If you have a⁣ proper Adress and Banking I don’t see a issue.

If you employ yourself in a specific way in your own︁ LTD, you can pay 6% income tax.

Economy wise and political it’s still on a︂ recovery but definitely a place to live longterm.

 

[mytoofood]

I totally agree and you're likely right,‍ but I think it's not easy to get a bank account, and I'm dead sure⁠ that if you, say, go to Germany to some firm and want to buy something⁤ from them and you say, "Just bill XY company in Sri Lanka," they're not gonna⁣ be clapping their hands.

 

[fardreamed]

I invoice many Country’s from Europe.
As long as you provide an IBAN, they⁣ are happy to do so in my experience.

Sri Lanka is on no Blacklist, Greylist⁢ or has a warning (except for travel but that’s due to an event that some︀ years ago happened)

 

[daniels27]

What is needed to get the 6% income tax?

 

[EliasIT]

how would you do that ? You won't pay⁠ tax on 10K euro every month in Estonia, something is not right?

 

[JustAnotherNomad]

Salaries are a deductible‍ business expense for the company.

 

[GPT]

Look into a payrolling company solution.

Basically you get on their payroll and they pay‌ you a salary and you pay their invoice.

Make sure to have a separate bankaccount‍ on where you receive the salary.

 

[DSoz]

Any recommendations?

 

[JustAnotherNomad]

Depends on the country where you will be‌ residing. Deel and Remote support most countries, but I believe they are also among the‍ most expensive ones.

 

[DSoz]

Is it possible to hire them without setting up a company as well?

 

[GPT]

Yes. Read up on payroll companies and how they work in the‍ country where you live.

 

[DSoz]

Any new setup ideas?

 

[daniels27]

Still have not gotten the visa? What is your citizenship and residency and for whch‌ country do you want it?

 

[W Fish]

There is no licence needed in Estonia or elsewhere if you trade your own funds.‌ Except P2P trading, which could be considered providing a service.
So you definately can set‍ up your own company and invest/trade via it and pay yourself a salary tax free⁠ on the Estonian side.

You can also find somebody to pay you a salary (look⁤ at signature).