Recent content by Trashy
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EU national, UAE freelancer visa, conducting business through a US LLC?
Hello, In short, as title says. I'm an EU (Hungarian) national, working as a freelance software developer, doing both contract works and developing my own apps, services. Lately, my country has been becoming less and less livable; higher taxes, lower quality of public services, more corruption...- Trashy
- Thread
- Replies: 15
- Forum: Offshore Company
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BUNQ travel card falls under CRS reporting ?
You're right. TransferWise claims it currently doesn't report to tax authorities.- Trashy
- Post #6
- Forum: Offshore Bank & EMI Accounts
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Barbados or Bermuda Open Doors to Digital Nomads/
My country (EU) has no double taxation treaty with either Barbados or Bermuda. So I guess it's not something I can take advantage of, right? :/- Trashy
- Post #16
- Forum: Tax, Accounting, Licensing & Legal
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Offshore company + EMI. What are the dangers?
Yes, under the standard scheme, corporate tax rate is 9% and income tax is 15%. However, there is also a 19.5% social contribution tax (called "SZOCHO") on top of the income tax. The scheme I am using (called "KATA") means a monthly fixed tax amount of 50,000 HUF (roughly $160) and you don't...- Trashy
- Post #6
- Forum: Tax, Accounting, Licensing & Legal
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Offshore company + EMI. What are the dangers?
Hello, I'm from Hungary. Sorry, I was under the impression that mentioning specific countries is somehow frowned upon. I spend roughly half of the year traveling around the world, but moving permanently? No, not at this point. If I earned around 100k, then I would consider it.- Trashy
- Post #4
- Forum: Tax, Accounting, Licensing & Legal
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Is crypto.com trustable?
CDC cards are already used in the US, Singapore and Australia. They have been out for years now in the US. EU card release is delayed somewhat. But yeah, the company is legit.- Trashy
- Post #3
- Forum: BitCoin, AltCoins - CryptoCurrency
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Offshore company + EMI. What are the dangers?
Hello, I am living and working as a sole proprietor in an EU country. While taxes are generally sky-high, we have a handy tax scheme, where you pay roughly $160 a month, and you can have tax free income of up to $39,000. You have to pay 40% of tax on any amount exceeding the limit. This is...- Trashy
- Thread
- Replies: 6
- Forum: Tax, Accounting, Licensing & Legal