Recent content by BigUnicorn

The fashion industry is less snobbish, at least they're coherent”¦

I don't live in Spain, I live just outside EU. I don't have anything in Spain. I might visit for an holiday once every X years

Anyone can help me assess the realistic risks of foregoing this?

Hello there, had a project which run one year under an SL in Barcelona in 2017 (no profit) Since then it has been dormant, no activity at all, I'd pay a local accountant to file a "inactive" NEGATIVA/SIN ACTIVIDAD/RESULTADO CERO return every year, with none rev, none or very low expenses...

@2fire I think your best bet is private debt. Based on what I read and the size, I'd try Muzinich or similar boutique investment firms. Pay in mind in EU the regulation changes dramatically in each country so be sure to inform yourself while you approach potential investors. Feel free to DM for...

You're really not (maybe willingly so) giving enough details about the situation. Is it capital gains we're talking about? How much were you declaring "the years before" you moved away? What's the difference of tax rate net between CH and DE (on that 1m$)? The best thing you need is a great...

A flat income tax rate of 20% is applied to the tax-adjusted profit of resident non-Saudi and non-GCC individuals. https://www.expat.hsbc.com/expat-explorer/expat-guides/saudi-arabia/tax-in-saudi-arabia/ ca#"! Is this only on Saudi incomes?

Could you PM the current provider you've the offer from? Also you're confusing NFTs with Crypto/Stablecoins with the title of the thread, they're not the same thing.

Of course not... if she was Russian she'd never even think about wiring you one penny! rof/%

I wouldn't worry too much about those transactions before taxation, so you should be fine. Furthermore you're not doing anything illegal if you scale down a business.

For which platforms?

Good point, my reasoning was more regarding a flow corporate to personal but that make the taxable net even lower.

Haven't read much but what about capital gains? Dividends? I mean: income is still tax free, and if you make $1m profit in a year, you pay 9%/90k on corporate, and then you can distribute the remaining amount at 0% to the personal. It's still better than many other options. There are people...

I'm not considering it personally (for now at least). Just assessing situation. To answer your Q: close up shop and move.

Seems the best solution for now. In case it doesn't fly, you'd pay 9% CIT as if it was an UAE company I guess. Also seems best solution along the Small Business Relief up until 2027. I'd do this latter rather than the LLC if one is below the requirements.