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Best EU structure: Romania micro-company (1%) + Georgia high net-worth (%5)
As far as I understood, 1M regards active earnings per year. F/X case is particular because there are capital gains that are basically seen as active income in the last quarter of the year. But if it's capital accumulated over years, I don't think there is any limit.- totoro
- Post #35
- Forum: Offshore Bank & EMI Accounts
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Best EU structure: Romania micro-company (1%) + Georgia high net-worth (%5)
When I spoke to Romanian accountants, they said that F/X does not count as regular income (requires quarterly statements), but the net gains for the whole year constitute a tax base in the last quarter of the fiscal year. So, as far I understood, you need to keep the same 1M/year limit even if...- totoro
- Post #33
- Forum: Offshore Bank & EMI Accounts
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Best EU structure: Romania micro-company (1%) + Georgia high net-worth (%5)
Some service providers ranking on the 1st page of Google actually have outdated info, e.g. 20% management consulting fees, which was removed from the law, or even the 65,000 threshold instead of 1,000,000. The most recent article I've managed to find so far: Micro-Enterprise in Romania: 1%...- totoro
- Post #31
- Forum: Offshore Bank & EMI Accounts
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The most efficient setup
IMHO Estonia is convenient when you just start and plan to reinvest the undistributed income for further growth. If you want to live on that, 20% CIT is not that attractive. It was called Bosco Conference if not mistaken. The presentation was made by Mag. Johannes Schwarz.- totoro
- Post #35
- Forum: Offshore Company
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HOW TO OPEN AN OFFSHORE COMPANY, I AM FROM ITALY?
I referred to the fact that the Italian founder lives in Russia. In case of Italy yes, it's hardly monitored, and ddt need to be analysed.- totoro
- Post #14
- Forum: Offshore Company
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The most efficient setup
Saw this structure at one conference. Anyone tried it out? The idea is: Malta for 5% effective CIT; Slovakia for 0% dividend distribution.- totoro
- Post #33
- Forum: Offshore Company
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HOW TO OPEN AN OFFSHORE COMPANY, I AM FROM ITALY?
You can try the Bulgaria option: company is taxed based on its place of registration, which is Bulgaria, and it's 10% CIT + variable salary/dividends tax, but also not so high. Maintenance is cheap,- totoro
- Post #12
- Forum: Offshore Company
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Recommendation Malta or Cyprus?
You need to check the DTA between the UK and Cyprus. They overrule local regulations. Normally non-domicile tax residents of Cyprus are supposed to be tax-exempt on dividends for the first 17 years...- totoro
- Post #49
- Forum: Offshore Company