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I'm not meaning to troll, but ... what's the point of those threads? Asking questions like this is like asking "Who's going to win the Eurovision next year"? Sure, one can take a guess and gamble, but it's not much more than that. Of course, a lot of people will back their opinions with some...

This is incorrect on many levels and nowhere near as black and white as you're suggesting. I'd strongly recommend you to speak to a *qualified* tax consultant before making mistakes that will potentially end up being very costly. Banking seems to be the least of what you need to worry about at...

The UK side of things will indeed likely not give you issues, but just to make it clear ... you're happy to pay the 35% CIT in Malta, correct?

It depends on what you're after and are used to. Personally, I'd never consider anywhere other than Tbilisi as that's basically your only option if you're looking for Western-style amenities. Ok, maybe Batumi, but Batumi is overcrowded during the summer months and dead during the winter. But I...

Georgia is great! And if you're willing to put in the days, in your case with $60k you'd likely qualify for 1% tax on turnover :)

@JustAnotherNomad is spot on, whether you like it or not. Unless you're willing to either physically move out of the EU for 183+ days a year or take on a significant cost base for an international structure, there will be no tax savings for you with the structures you're proposing. And "a lot...

Not sure what you're trying to do here but you seem to be missing a couple of very important pieces in your equation. My recommendation is to look up how tax residency works, or better, consult with a professional. But in short - regardless of whether you trigger the Georgian tax residency or...

With no economic substance in Georgia, you can forget about it even with a Georgian entity, let alone a foreign entity.

Having hired several IT staff in Georgia I can say from direct experience that nothing could be further from the truth. Talent is few and far between, and you can forget about salaries anywhere close to the Georgian averages when talking about senior dev staff. To give you an example, I...

Sadly, especially in this industry, online articles can be anywhere from somewhat misleading to downright wrong. I'd recommend reading the law, rather than any online articles, though. In civil law countries, it's relatively straightforward to do and doesn't require expert knowledge.

It's indeed illegal in Estonia to provide loans to shareholders. It's actually very clear in the "Business Law" (Äriseadustik) - look up § 159. "Laenukeeld". A rough translation would read: "A business may not provide loans to its shareholders whose share represent more than 5% of the share...

I feel I'm qualified to comment on this as well, being someone who both lives in Georgia and has a fair bit of knowledge and experience in the field. While I've come across more cases than @Jonny Cage has when it comes to banks closing down personal accounts (it seems to have started to...

I believe @jackfrost was talking about the tax refund approval letter, not the payment deadline. They are two different things, and often months (or years ... in some case) apart. I used to do it "the right way" and my record was waiting for 1.5 years for my first refund, and just shy of a year...

I can second what was said above. Sadly, you will have many service providers who promise you the moon, but that tends to end the moment your payment clears. The story of "Sure, I'll get you an account opened, no problem. I've done it for hundreds of clients before" quickly becomes "well, we...

7. Get your account closed and funds frozen the moment you have any significant transaction activity 8. (In case of TBC) Deal with non-helpful staff that speaks barely any English, trying to get them to understand your business and the documents that you've submitted (Note: You will NOT be...

Basically mission impossible these days, unless you can demonstrate economic substance. That's regardless of whether you visit the branch in person or not. The "good old days" when anyone with a pulse could walk in to Bank of Georgia or TBC (or send their attorney), and walk out with a bank...

They do have a TBC account. So payments to other TBC accounts are pretty much instantaneous, while payments to BoG usually take a few hours (as long as it's during business hours). Note, though, that these time frames apply only from the moment TW actually processes your payment. It appears...

You might be confusing LLC and C-Corp. With an LLC, what you're saying may indeed be the case, subject to certain limitations. That's because a (single-member) LLC is treated as a "pass-through" entity, so it's not taxed at a corporate level, but at a personal level instead. With a corporation...

As far as I'm aware, the main (only?) advantage of having a residence permit here is the relative guarantee that it gives you, in case the government decides to tighten their immigration policies, which wouldn't be overly surprising, given Georgia has by far the most relaxed "tourist entry"...

This isn't necessarily true for Georgia. Then again, Georgia wouldn't tick the "Remote setup and management" box, as not only will banking be difficult without substance, it appears that VZ applications are also refused left, right and centre these days, unless the applicant can prove that real...