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I just randomly bumped into the article online, which states that by being a single-member LLC you simply transfer the funds from the company to your personal account and do not need to pay any taxes. Is this true? Probably applicable to US only

Hi man! Will try my best to explain. This one is easy for me: Romania - 16% CIT Bulgaria - 10% CIT Malta - 35% CIT Estonia - 0% CIT numbers are on the surface. Corporate tax means that you pay tax for retained earnings, meaning the tax from your profit. By having it at 0 rate, you simply have...

it really all depends on your business model. Many businesses want reliable and yet friendly jurisdiction. Hard to find a similar country with a similar taxation approach in the EU. Come on, there are plenty of ways to even avoid paying 20% tax on dividends. You can just not pay out the...

you can re-invest your profit into assets by buying a car or real estate transferring the funds into the tax-friendly jurisdiction also could be a solution

I have not switched to "Revolut Bank" and still received the request on my regular EMI account. And many people around me received it, even my barber lol I suggest that best we can do is just stop using it until we ready to pay taxes or switch our tax residency to tax-friendly jurisdiction.

great advice! never settle until you are fully satisfied with where you are As @Martin Everson said it is important to be at the right place and at the right time, as many of us have started the journey of being self-employed. But also from my experience having conversations with employed...

You can go ahead with the Estonian OÜ, a very simple and as you said straightforward jurisdiction. 0% corporate tax is a huge advantage as well. E-residency card indeed will give you many advantages in managing your company online from the incorporation part to changing the data of your company...

Thank you for paying attention to one uncovered aspect I described! I think yeah, in this case, you either do not pay tax (on your own risk) while getting residency in UAE or pay just some taxes like VAT if you have an operating company there, etc. Hopefully, my country does not require paying...

Wow, interesting! Can you possibly share more details? Like were the shareholders and board members from the EU or outside of the EU? Did they have some substance before applying for the Bank account?

If I 1) incorporate a company in UAE, 2) move there in order to get the residency, 3) open both personal and corporate accounts - how much should I transfer from the corporate to the personal account on the regular basis? Is there some minimum? And what about taxation in this case? Logically, I...

Hey! Please let me know if you have resolved your banking issue already? This is true, Estonian Banks do not usually work with non-residents after the numerous money-laundering scandals. Although, there are still possibilities to open one in TBB if you have the right person to introduce you and...