Recent content by thom038

Important to notify within your message the country you are from. Since this will be a very important detail when finding a solution.

Yes that is what i´ve noticed, I found a way to get this done in a proper way. I know a company from Swiss which will invoice my HK company, and i will be ´employed´ by the company in Swiss, it comes with a cost but at the same time i wont be paying myself a salary. I talked with several...

Hello Copepe! Thank you for your reply, It´s indeed very difficult. If i may ask would it be possible to keep the company separate from my private situation and pay myself a salary to Spain instead? With this i mean to not submitting the company in a 720 form, and just pay personal taxes on...

Sorry for my late reply, I have been going back and forth with Advisors and Gestorias, from what i´ve heard it would be much better to buy a property private with a mortgage from the bank. I just opened a Spanish bank account which i will send myself salary + commission as an employee from the...

another note* It feels much better to ask questions here and receive feed back here than from Tax Advisors here in Spain, It´s extremely confusing when 3 different agencies give you 3 completely different advice + one states it´s very easy to setup, second agency mentions it´s extremely...

@shikari @rainmaker @JackAlabama Thank you all for your reply. Thank you very much for sharing your ideas and experiences. As it seems I would be way better off keeping the company hidden and just pay myself a salary like you mentioned Shikari. The company is paying its taxes on the profits in...

I did not think of buying REITs to be honest. I will start looking into this right away, thank you for the tip! If i would buy REITs i can simply pay myself a salary from Hong Kong, pay tax just on my salary and keep the company away from the Spanish Tax Authorities. The idea of purchasing...

My plan was to use the profits i generate from the Hong Kong company to invest in real estate in Spain and rent out the properties long term to generate a new income stream. The idea was to pay myself a salary from the Hong Kong company which i would declare in Spain as ´income´ to make sure i...

Yes that is correct, however if the total value of world wide assets is not above 50.000 Euros you do not have to declare your income (this is what i received from accountants in Spain) however the company is of higher value than 50.000 euros which will put me in a position where i will face...

Thank you for your reply, thats indeed what i have been thinking of, i do not hold a Spanish bank account so i figured it might be a good idea opening one - simulate salary and get a mortgage. However when hearing that i could take a loan from my HK company and buy it personal (this to pay less...

Hello all, Hope all is well here. I have some questions about buying properties in Spain. My personal situation is as following: Dutch nationality, living in Spain for 3 years. Never worked for a Spanish company nor did i declare tax in Spain or my home country for the past 3 years. Since...

Yes! Sorry for not updating. I managed to rent an office in HongKong + hired an Employee in Hong Kong which was in line with the policies of CIM BANQUE. The account remains active and problem solved!

Did you receive my message in PM by any chance?

I will provide you details in PM if thats okay

I tried opening an account with them, they mentioned it would take only 2 weeks, i´ve been in the process for nearly 2 months and just the 3rd of January received an e-mail stating that they would get back to me shortly because of the ´holiday season´ Followed up with them yesterday and...