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  1. M

    Chinese Yuan banking in Russia

    What do you mean the Chinese Yuan has been very stable? In a period of 8 months it has been fluctuating from 6.3 to 7.3, that's almost 20 percent. If you don't live in China how will you use the Yuan? You can use your union card in most Asian countries but there are limited. You can't even...
  2. M

    Question Tax free country and proof of income

    No problem to use that proof of income for the purchase of real estate, they don't care if you paid tax on it or not as long as you can show it was legit. If you plan to move your funds to a taxable country you will need to provide higlikely some tax certificates if the income was salary...
  3. M

    What stocks would you invest in?

    Can you indicate which ETF you all invested in when you wrote a 100pct safe bet would be shorten German energy consuming corporations several months ago. Several months ago you also indicated oil and gas prices would go up by end of 2022. What are your realized and unrealized PL at the moment...
  4. M

    Register company completely remotely? Best options? Anything in the EU?

    Why not open a Germany company? All business is in Germany so you have to pay German VAT on all your sales and reclaim it. With a company out of Germany you will make it more difficult since you also have to charge VAT on business sales (goods are shipped from DE to DE) and reclaim it will be...
  5. M

    What stocks would you invest in?

    Gas prices are back at pre Ukraine levels and Russia gas supply is of a more significant importance than oil supply. Demand for oil has dropped and will do so in the coming period of recession. Perhaps if next winter will be very harsh and some new events occur it will go to levels you...
  6. M

    Malta Ltd Setup with 3 living destinations in EU, possible?

    You are a Spanish citizen so as long as you have any ties to Spain, be it living there for some time, owning property tax authorities will go after you once they find out you operate from Malta and don't declare taxes in Spain. Operating a Malta business is already a red flag, as a ceo your...
  7. M

    Dubai company, shipping from EU

    This is ofcourse legal as long as your Dubai company imported them with a VAT number and declares correctly the VAT in Germany. Normally fulfilment centers will require also to see the proof those goods were imported with your Dubai company and paid VAT (or deferred VAT). As long as you are...
  8. M

    Permanent Establishment rules UAE, with new CT on Companies

    I agree on what MiddleEuroAsia states, they won't bother you and even some of them legally you don't have to pay any tax on your foreign income. If you employ people or do business in those countries itself, I do recommend to fully comply with the part of business/income you derive in that...
  9. M

    Profit Shifting YouTube profits from Belgium to Dubai/UK

    Setup a corporation not on your name using nominees. Use this money as a loan to another corporation you would like to use for investments or any other business you could use it for and make expenses or move later to UAE, get the money as a loan in the company and don't pay back the loan. In...
  10. M

    What country to choose for employing IT staff?

    Can you send me a private message as we won't share company details in public Bulgaria And Romenia are indeed where most EU BPO centers are located, it all depends on the language skills required. In the Philippines or India you will only be able to find English speaking skilled talent, we just...
  11. M

    Dropshipping company's structure 2022/23?

    Which platforms would you use for dropshipping? Where are your customers located and where are the goods shipped from? Just setup a local company and keep it simple, if you will ship in EU VAT compliance will be already enough additional work. If you make profits as 200-300k eur nett profit...
  12. M

    What country to choose for employing IT staff?

    It was setup by myself, being present in Philippines during setup for over two years. Now the business can run 100pct remotely since there are several people that handle daily operations excellently and can be fully trusted together with a solid organizational structure with manages and checks...
  13. M

    What country to choose for employing IT staff?

    We have a corporation in Philippines handling all our back office tasks (accounting, marketing, IT, customer service,..) . Depends on the IT skills needed as highly skilled IT people are hard to find anywhere. With upwork and Indians we have had only bad experiences so never anymore. We...
  14. M

    Belgium Tax & Residency

    I believe you already know the answers, you are working in Belgium, reside there for at least 90 days and finding structures to avoid paying income tax, social security etc. Using a structure outside of Belgium will change nothing to the fact that you are working in Belgium and are a...
  15. M

    Belgium Tax & Residency

    Seychelles is a big red flag anywhere in EU, so this company books payments to Seychelles will be already investigated. And then they come to you as they will want to know what was paid to the Seychelles and who are the UBO. If you are not in EU it's no problem. If t you are you can trouble in...
  16. M

    Belgium Tax & Residency

    You work in Belgium and indirectly for a Belgium company. If total of less then 90 days in Belgium in one year (the day you arrive even 1 minute before midnight counts as a day then you can escape Belgian taxes, if more days you violate the law and are working illegally in Belgium committing...
  17. M

    When a prosecutor ask judge to condemn you without proof.

    I agree with the above. Tax authorities can be as corrupt and abuse their power as a criminal organization. They make up things based on what they assume or just a fact, e.g. you have a company in Dubai, this is considered automatically as a tax evasion tool. You will have to counter proof it...
  18. M

    Citizenship by investment for people with no first passport

    Nowadays Chinese travel becomes hard as the Chinese government refuses even to its native Han mainland Chinese, to renew or give a passport. To get a visa and be able to go abroad same thing if you don't have a valid business reason, this on top of the covid measures in certain cities. Getting...
  19. M

    Creating substance for a disregarded US LLC

    Substance proof will need more then only rent of an office. As others mentioned you will have to proof : 1) rent office space with rental contract indicating office size and preferable some payments proofs 2) proof of the staff employed during these periods including annual taxes and...
  20. M

    EUR/USD exchange rate

    I do agree the US is in a vulnerable position, the whole world is in a vulnerable position and at present the US is the one that will be least worse off. Europe has much more to deal with and China is still stuck in its zero covid policy, it's depreciated CNY, real estate bubble, restrictions...

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