Already have the micro company. This is cap gains for personal held Romania shares.
Not yet any.
No one cares that I invoice them from Romania. Why would that be, EU country, VAT registered. Plus all EU services and payment processing available to you.
Bulgaria did the same but with 0% CGT on the sale of Bulgarian listed shares for individuals. Turned out that this was against EU law because discriminating against other EU countries so now capital gains from shares listed on any EU/EEA exchange are tax free as well.
Cool. How's life in Romania? What city do you live in/would you recommend for an english-speaking expat? Much difference with more developed/rich EU nations at all?
I live in Timisoara, I wanted a place with airport and short drive to Hungary and rest of Europe. I would say Bucharest and Cluj are also good. Brasov will be great too when airport opens in November. Difference is that there are still parts with ugly Communist style high-rises. Besides that there are lovely old town centres with great good. Standard of living and modern conveniences is great. Other downside is that healthcare is not great at all.
I'm a self-published writer and I'm currently thinking of setting up a micro company in Romania. My expenses are near zero and I make around 3-5k USD a month. What are the expenses of having a micro company? Hiring accountants, renting an address etc? And from what I'm doing will I qualify for a micro company? Most of my sales come from Amazon.
According to a guy on reddit, you have to pay 25 percent for social contributions when receiving dividend, is that true? That's a lot more than 6 percent than what I've read.
Micro companies pay taxes on turnover. Trading generates a lot of turnover so not a good mix. You can not offset losses.