What kind of business would you launch from a low tax country?

[A2xTrad]

Hi guys, I live in Andorra, which has basically no taxes. I have 2 businesses in trading algorithms developments and web-marketing.
I have a lot of free time so I'm thinking about taking advantage of low taxes here to launch another business. What kind of business do you have in mind?

What business can I launch that would have a competitive advantage immediately from low tax rate?
Financial services? Company setup services? Other?


Thank you

 

[daniels27]

I would say, it mainly depends on your qualifications. But if you are a good developer, you may start some SaaS business, web shop, etc.

 

[Sols]

What are you good at? What do you enjoy doing?

Do that.

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This is the probably the answer to your question.

 

[Marzio]

A2xTrad said:
I have a lot of free time
Click to expand...

Start a youtube channel called [yourname]inAndorra where you show Andorra.

I don't mean sitting in front of a webcam and talking. I mean making vlogs where you document your environment.

You will naturally attract people that want to know more about Andorra and the only people that want to know more about Andorra are the ones that are thinking about moving there so you can quickly build a relocation business, company registration services.

People that are considering relocating to Andorra want to know everything beforehand so you show them in your vlogs (weather, food, people, sports, anything could be a topic.

Right now you have zero competition.

 

[marioIT]

Marzio said:
Start a youtube channel called [yourname]inAndorra where you show Andorra.

I don't mean sitting in front of a webcam and talking. I mean making vlogs where you document your environment.

You will naturally attract people that want to know more about Andorra and the only people that want to know more about Andorra are the ones that are thinking about moving there so you can quickly build a relocation business, company registration services.

People that are considering relocating to Andorra want to know everything beforehand so you show them in your vlogs (weather, food, people, sports, anything could be a topic.

Right now you have zero competition.
Click to expand...

this. Make Andorra Great Again!

 

[void]

Marzio said:
Start a youtube channel called [yourname]inAndorra where you show Andorra.

I don't mean sitting in front of a webcam and talking. I mean making vlogs where you document your environment.

You will naturally attract people that want to know more about Andorra and the only people that want to know more about Andorra are the ones that are thinking about moving there so you can quickly build a relocation business, company registration services.

People that are considering relocating to Andorra want to know everything beforehand so you show them in your vlogs (weather, food, people, sports, anything could be a topic.

Right now you have zero competition.
Click to expand...

this is actually a pretty good advice - ambitious people (often with lack of capital to start new business) don't realize that their orientation in local environment, culture and problems is usually the biggest value they have - one has to learn mediocre English and then offer this knowledge to the right target group

 

[uplana]

Marzio said:
I don't mean sitting in front of a webcam and talking. I mean making vlogs where you document your environment.
Click to expand...

that is a very good idea. Something like @peter taradash has done, you are younger so you can put a little more action in it maybe.

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[JohnnyDoe]

Marzio said:
Start a youtube channel called [yourname]inAndorra where you show Andorra.

I don't mean sitting in front of a webcam and talking. I mean making vlogs where you document your environment.

You will naturally attract people that want to know more about Andorra and the only people that want to know more about Andorra are the ones that are thinking about moving there so you can quickly build a relocation business, company registration services.

People that are considering relocating to Andorra want to know everything beforehand so you show them in your vlogs (weather, food, people, sports, anything could be a topic.

Right now you have zero competition.
Click to expand...

Also build a website (contact @Laid Back Llama), buy a banner on OCT, and give @Marzio a 5% commission on your profits.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[Martin Everson]

A2xTrad said:
I have a lot of free time so I'm thinking about taking advantage of low taxes here to launch another business. What kind of business do you have in mind?
Click to expand...

Kebab shop

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[uplana]

JohnnyDoe said:
Also build a website (contact @Laid Back Llama), buy a banner on OCT, and give @Marzio a 5% commission on your profits.
Click to expand...

awesome...

Martin Everson said:
Kebab shop
Click to expand...

why not, not easy turning into an online shop.

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Need help to get things done, ping me inside the Mentor Group Gold forums.

 

[A2xTrad]

Thank you all for your feedback, wasn't expecting that much replies!
Yes I was already thinking about the youtube channel, but not feel very comfortable in front of a camera haha. But I thunk I'll try”¦

Beside online business I've experience in import export but I don't know what to sell and if I would have a benefit handling this from here.

Anyway, I'll try youtube, either for Andorra future expat or live stream my main business in algo trading. We'll see!
If you need any service I'll be glad to help, company setup, holding, investment vehicle etc..

 

[brianK]

A2xTrad said:
Yes I was already thinking about the youtube channel, but not feel very comfortable in front of a camera haha. But I thunk I'll try”¦
Click to expand...

You can find an actor to do the job if you don't want to do yourself.

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Winners never quit and quitters never win....

 

[JohnnyDoe]

A2xTrad said:
Thank you all for your feedback, wasn't expecting that much replies!
Yes I was already thinking about the youtube channel, but not feel very comfortable in front of a camera haha.
Click to expand...

Use a funny filter. Like this guy here (a hero for smart Italians):

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[TheCryptoAnt]

Marzio said:
Start a youtube channel called [yourname]inAndorra where you show Andorra.

I don't mean sitting in front of a webcam and talking. I mean making vlogs where you document your environment.

You will naturally attract people that want to know more about Andorra and the only people that want to know more about Andorra are the ones that are thinking about moving there so you can quickly build a relocation business, company registration services.

People that are considering relocating to Andorra want to know everything beforehand so you show them in your vlogs (weather, food, people, sports, anything could be a topic.

Right now you have zero competition.
Click to expand...

this is the best answer by far, great work