Recent content by jscargo

Yes it is worth it 1 - Move to the Czech Republic (get everything there, a dwelling, a car, company, everything), sever ties with Germany, do not maintain accounts in Germany. Do your Abmeldung. 2 - Don't stay in Germany for more than 183 days per day, but you can visit clients and family if...

Thank you for the answers. one critical clarification I explained poorly. The split of the income is from different activities. 80% would be from one activity(send to the company abroad) and the 20% from another, different activity(would use this income cover my daily expenses). It is not that...

Imagine there is a citizen of an EU country living in a country called Spain or Italy. The citizen runs online business. He has relative control as of to where the funds he earns are directed. Let's imagine that this citizen opens a company in a country in the Balkans, and is the sole...

Yes, just bear in mind, that you will need to find an apartment and sign the contract for the lease. You will need this to apply for residence as an EU citizen. And, it is worth mentioning that the Hungarian borders are closed to non-Hungarian citizens (even from the EU!) and except also to the...

In Latvia, providing that you have an apartment, you can get a tax ID number as a EU citizen in 0 days. You must register your residency outside Riga. You can live and have an address in Riga, but you must go to some other city other than Riga to get make your paperwork. Poland 2 weeks to get...

I second that about Paysera. ePayments might be an option, apparently they are back in business. Also Payoneer is good to receive B2B. If you are willing to travel, you can fairly easily set a business bank acc for a UK company in Macedonia (they don't have covid entry restrictions)

After the last halving Bitcoin didn't have the same bullish trend it used to after the previous ones. Therefore, even if its price will rise, it will definitely not rise as much as it did during the previous occasions. Today there are far better opportunities to earn in the crypto space without...

I am not sure if this is a financially viable idea. Apart from licensing and getting a card processor, you will have two huge problems for your business: - The biggest exchanges have never been so big, and never been so competitive. They have virtually unlimited amount of money to outbid one...

Hi, I am considering the same thing. But what about both countries have a double tax treaty and you keep residency in both of them? Meaning in a way that you wouldn't care about whether the higher tax country would know about your investments, because you already paid it in the low tax country...

I don't think shorting gold is a good idea, unless you are a day trader and you spend all your day looking at charts and trying to time the market. If you are one of the very few doing so and beating the average earnings of the SP500, good for you. Even after elections and vaccine there is...

I don't believe China is going to take over anything. What seems to be happening more and more is, whatever there will be in China, won't be elsewhere. Whatever will be elsewhere won't be in China. Evidences behind this: - China making enemies in the region (basically all countries with the...

UK much better than Estonia. Still in the EU until December - not that it will make any difference after. There are much more services providers that serve UK. Also, Estonia requires travel - you need to travel to get that e-resident card at some Estonian embassy somewhere, or it is not the...

I have read more about the subject. It could work if let's say you own shares of a garment factory in a low tax company, in which you have no managerial role and there are various shareholders. For an IT business being the sole director of a company, they can just say what they always do - you...

I haven't written that dividends will be taxed on 20%. I said that as a tax resident in Estonia it is unlikely that the money will be in your physical account without paying 20% in tax sooner or later. You know better than I that Estonia has a flat tax rate of 20%. So from all the documentation...

I think you are just hoping for the best. If this actually becomes true there will be millions of people willing to move to Estonia or partially establish themselves there to profit from this. EU would never let a member state get away with it. There is no actual evidences backing your theory...