Yet another Digital Nomad from EU
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Not sure how you can stay under the radar. I think foreign bank accounts are being reported automatically under the CRS, so if you have a residency in Germany and you open a bank account for your Romanian company it will be reported back to Germany, no? Also I think you have an obligation to declare your foreign company if you reside in Germany, no? And even if you get away with not declaring it,︀ if you keep receiving regularly money from abroad to your German account, or pay all︁ the time with a bank card that's not with a German bank, or access your︂ Romanian internet banking from Germany all the time, eventually you will be marked and someone︃ will start asking questions probably.
Under the DAC there's way more information exchange within the︄ EU between administrations than just the CRS like with other countries.
Under the DAC there's way more information exchange within the︄ EU between administrations than just the CRS like with other countries.
Go to Romania and open a "microintreprindere" , you will pay only 1% up to 500 000 euro, of all money that comes in. And you can 3 in your name, and those 3 can also have 3 more, so it will always be 1%. You need to hire yourself, but you also need health security and a pension., so it will work in your favor. Diviedents it's 5%, so total will be 6%,but you can keep it at 1%, if you for example earn 70700 and buy a 70 000 TESLA CAR.
If you can care to limit the 5% , you need to︀ find a country that excepts dividents from taxations, like NHR portugual if i am not︁ wrong. but it's not worth it. 5000$ for 100 000 , airplane tickets are more︂ expensive.
He can pay 1% taxes in Romania and also hire himself here.
Nobody will know how much time he stayed or not stayed in Romania,︍ because it's in EU as Germany is. He is not aware Romania is 1000% times︎ safer than his homeland 🙂
If you can care to limit the 5% , you need to︀ find a country that excepts dividents from taxations, like NHR portugual if i am not︁ wrong. but it's not worth it. 5000$ for 100 000 , airplane tickets are more︂ expensive.
He can pay 1% taxes in Romania and also hire himself here.
Nobody will know how much time he stayed or not stayed in Romania,︍ because it's in EU as Germany is. He is not aware Romania is 1000% times︎ safer than his homeland 🙂
I live in Romania. I am very sure you can have 3 companies on your name. till now it was 1% for first 1 million. now they reduced it to 500 000 euro. and no VAT
and they imposed another rule: "not for consultations" , so you can't get 500 000 euro for consultations'. 1 accountant here is like 50$/month, and you also need a space for the company. but it's far less expensive then having the company in a "offshore land". he︀ can also get a revolut card for him or his business or a mortal and︁ brick bank card.
it is widely used here by photographs or car mechanicals guys.
and they imposed another rule: "not for consultations" , so you can't get 500 000 euro for consultations'. 1 accountant here is like 50$/month, and you also need a space for the company. but it's far less expensive then having the company in a "offshore land". he︀ can also get a revolut card for him or his business or a mortal and︁ brick bank card.
it is widely used here by photographs or car mechanicals guys.
I am fine. I just don't want to get intro troubles because i haven't kept papers that are 15 years old. and i moved money like crazy. money i can't prove are from 2008 , and not from 2018 for example
and no more news/words about the "jihad taxes" they planned to unleash on 50% of population
and no more news/words about the "jihad taxes" they planned to unleash on 50% of population
While I'm a big fan of Romania and would likewise take it over Germany every time, as someone who lives on Romania you should know that you have to enter and exit using passport/id card. It's not Schengen and Germany will know every time you return and leave.
They do not register anyone. They just look at your ID. at less when going with a car or bike. But i saw , if the guy is from another "state/zone" of romania, they do an "ID search on it" but never to local ones. I don't know why. they also don't︀ stamp any passport,etc.
When you enter Romania you need to pass immigration and they will scan your ID card or passport at their counter (or you do it yourself when using the auto gate). This is creating a record about when you entered Romania or Schengen when you︀ return to Germany/other EU country. Hence there is no question when you left Schengen and︁ when you entered/remained in Romania.
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