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Romanian SRL micro-enterprise dividends + Cyprus non-dom ?
Only in case you have to spend every single cent that you are earning.. If you earn more than you spend, why not leaving it in the company and re-invest to grow? The 5% apply on the profit, not the revenue. So the costs your company generates are determining the nominal amount of the 5%WHT...- accountantromania
- Post #40
- Forum: Offshore Company
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Romanian SRL micro-enterprise dividends + Cyprus non-dom ?
The employee can be paid the national minimum wage and yes, the taxation for micro-companies is based on the revenue up to approx. 1 million euro. IF you are not making distributions of dividends your tax rate can be as little as 1%. In case you relocate to Romania, he can pay the minimum wage...- accountantromania
- Post #11
- Forum: Offshore Company
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Romanian SRL micro-enterprise dividends + Cyprus non-dom ?
You will not get around the 5% WHT and your SRL will either pay 3% or 1% depending on if there is at least one employee on your payroll. So it is either 6% or 8%. You have the legal obligation to submit balance sheets, tax returns. Some accountants might include that in their monthly fees but...- accountantromania
- Post #8
- Forum: Offshore Company