Netherlands VS. Estonia
- Thread starter kntucko
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I'd personally prefer Estonia over Netherlands for:
1) easy company formation and very moderate costs, especially if you have e-residency card;
2) interesting taxation system with wide possibilities for optimisation;
3) accounting services available at fraction of what it would it cost in NL
1) easy company formation and very moderate costs, especially if you have e-residency card;
2) interesting taxation system with wide possibilities for optimisation;
3) accounting services available at fraction of what it would it cost in NL
If you need to deal with the digital products/services both are good.
If you are foreigner and have no Estonia e-residency there is not much difference in the process of opening the company, public records, UBO reporting etc - both are in the EU so the legislation is pretty much the same...
If you do IT projects - Netherlands have very good tax opportunities. Both of these countries are strict in terms of opening bank accounts for non-residents, but I would say Netherlands have more option for classical banks.
If you are foreigner and have no Estonia e-residency there is not much difference in the process of opening the company, public records, UBO reporting etc - both are in the EU so the legislation is pretty much the same...
If you do IT projects - Netherlands have very good tax opportunities. Both of these countries are strict in terms of opening bank accounts for non-residents, but I would say Netherlands have more option for classical banks.
Firstly you should understand for what you will need a bank account.
Even with local ID it's not so easy to open bank account. You can register a company with a few hours and can't open account for it.
My practice says even local people opens account in KZ or BY ( during last year ) for operations. Local banks don't allow to work with many companies and countries, control all your operations like proctologist specialists. Be careful
you can check on it by simply googling, there is innovation box which might apply. 7% tax rate for attributable profits. if you can consider your IT as innovation that is developed inside Netherlands you can benefit from tax regime
How the taxation really works in Netherlands? I know it is a tax heaven, but taxes there are extremely high, so a lot of confusion searching in Google. I am really interested since opening a BV and accounting are both relatively simple and way cheaper than in other EU western countries.
Only for a very small group of big international operating countries the Netherlands is used in structures, it has to do with royalty structures.
I don't know what type of business you are running but if you let the profit be taxed in the Netherlands your are taxed at 15% for the first 250K and 25% over anything above that. And if you are a resident if the Netherlands you are also subject to 26.9% in dividend tax (which still remains even if you leave the country).
And you are also subject to a 46K minimum salary, and if you are the only one employed on paper that could also turn into 80% of the profits.
Malta, Cyprus are way more interesting in Europe.
I don't know what type of business you are running but if you let the profit be taxed in the Netherlands your are taxed at 15% for the first 250K and 25% over anything above that. And if you are a resident if the Netherlands you are also subject to 26.9% in dividend tax (which still remains even if you leave the country).
And you are also subject to a 46K minimum salary, and if you are the only one employed on paper that could also turn into 80% of the profits.
Malta, Cyprus are way more interesting in Europe.
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