The landscape is constantly changing and there is always more people who are more in the know so looking to learn and implement
And this Estonian situation tons of people would be looking for a solution or already found an ideal solution
I want a no PE rule or low PE rule enforcement region as company revenue and earning needs be seperate from me, UBO etc can be me no need be anonymous
Estonia yearly cost is like $150 state annual report, $80 audit costs, there are the repeating costs
This would be case if the related foreign country has PE rules in their tax code and follows them to the T, which is the case for most expensive yearly cost options which have lots of regulation and enforcement. And US is a place that would enforce all that quite closely so reluctant on setting...
10K to 2Mn revenue, profit will vary lot since it is diversified if revenue makes stuff expensive then can simply break it into 10K piecies and incorporate all seperately as new entities
Most countries do and it is very annoying either tax department has to give you a pre calculated bill based on your bank transactions and auto deduct your balance if they want quarterly cash flow and let us request refund if error on their part at year end. Not like the technology doesn't exist...
Hiding is not the appropriate term if you are doing accounting and 3rd party audits
4K per year too excecive(higher the cost yearly, higher the country is regulated and lots of red tape) there should be more exotic options well under $150 per year similiar to US LLC which is 60 state annual...
HK and Singapore quite high maintenance and setup costs usually
What about costs in these options:
Gibraltar, Isle of Man, Jersey, Guernsey.
Also any local banks allow non resident online company bank account opening?
And what are local payment gateway that allow cross border transactions...
This topic is to find out what other options who made Estonian companies now will do to basically get the same result I am after. Estonia literally fits the bill of what I want as well if it weren't for the 2% coming in future
Some winding up their Estonian company, these days have been researching possible offshore online formation possible corporate entites to leverage foreign income tax waiver which have access to local card processors that allow cross border transactions and charge on per sale commission basis...
In 2026 this will no longer be tax free undistributed profits instead 2% charged on yearly undistributed profits temporarily it seems till 2028 but it may continue permanently too
Yes you are right but there is still speculation that it could be pushed onto other corporates too, plus dubai is not a full online incorporation system it requires vistation or a local resident agent to get certain works done for initial setup
Next year probably will be 15% not 9% no more, it is 0% if income earnt below 100K and incoporated in specific freezone as per what I have seen online.