Recent content by drumtraks

Came across this service called Rauva. They bought a bank in Portugal and basically they provide incorporation, digital bank account and virtual office. Have never used them. Can't vouch but may be of interest for someone. Don't know if the address can be chosen in one of the islands or just...

I'm assuming services are then rendered in Spain, at least partially. What do you think hacienda will say about convoluted setups to provide the exact same services you are currently providing? I can very easily imagine a transparent entity such a US LLC being taken into Spanish jurisdiction...

Yes I have although I do not spend summers in Dubai.

If I have not misunderstood your goal, you really need to move outside of the EU to a country that doesn't tax worldwide income, then yes you can have a company abroad and minimize your tax burden. I come from the same place as you and I personally love Dubai, not for tax reasons but everything...

You cannot avoid SS legally just because of a US or Malta setup if you're the one doing the actual work invoiced.

Let's be clear, if you live in the EU, wherever you set up your company does not allow you to avoid Social Security so, for example, NHR in Portugal (which is also available in the islands), will still make you liable to SS. No one escapes the SS. Know your history. ;) If you are just trying to...

Hundreds, not to say thousands, of companies have their shareholders living on the mainland. And yes I have first hand knowledge. Nevertheless I'm not your consultant so”¦ you know the drill :)

I was referring to you living in Portugal mainland and setting up a company in one of the islands. PEM does not apply, it's all Portugal.

As long as you are able to receive mail at the incorporation address (or be forwarded to you) it's fine. This address will be used by authorities to reach you. That's all. There is no legal requirement that you live where you incorporate. You and your company are two different juridical persons.

You do not need to live in the islands to incorporate there.

USDT is not MiCA compliant therefore any exchange having operations in the EU cannot legally offer USDT purchase to EU residents. As pointed out previously, many do. Mainly the ones that have nothing to do with the EU. Last edited by a moderator: Apr 9, 2025

If you decide for Portugal, Madeira is a better option overall, with a 30% discount on all levels of corporate tax and personal income tax. I believe current minimum CT is at 10.29%. Social Security is at 34.75% and minimum wage for company director is at 522.50 Euro per month (a year in...

Out of curiosity, what is the point of this exercise or applicable situations where one might benefit from it?

Very interesting topic. If not for anything but the novelty and creativity of the OP.

FAB