Search results

It looks like you need to rent an apartment in Cyprus for the 60d tax residency for the entire year? That's going to be expensive. And it looks like Portugal has very strict CFC regulations and is complex. So the NHR scheme, could end up costing you. Also, it's weird that you don't pay taxes on...

Yes, I have no interest keeping ties to my home country except for keeping my EU passport. It's way to risky and I'm really enjoying my life as a free international citizen. I always felt a bit trapped by tyranny and societal pressure in my home country. I'll contact some service providers in...

Thanks, very useful input! :) My only concern is that I could get away with not paying any taxes in Bolivia, but I might want to some day return to a EU country, probably not my home country. I've heard nightmare stories about Canadians and Germans who were forced to pay taxes on the money they...

Thanks, your reply is very helpful! :) I've heard that the tax penalties on US-based corporations are enormous. Making a administrative mistake or missing a deadline in Delaware could cost you $10.000. However, I guess it could be an option. I have plenty of experience with the UK, but then I...

I always see people talk about just paying 12,5% of 15% of corporation tax, but that just means the corporation has paid taxes. You still have to pay yourself from the corporation and pay taxes over that right? I have experience with the set-up in the UK and the Netherlands: UK: 1. Dividends...

I'm currently working for 2 US companies and 1 UK company, but I've noticed that people go a lot based on reputation. I would prefer to use a EU-based company for my British client, but e.g. a Georgian company for my US clients as they're transferring often via PayPal/EMI and not so worried...

I'd like to know how I can gain easy tax residence and still travel all around the world. I don't want to spend >6 months in any country. I'm generally ready for move on after 3 months. I like low taxes, but I love freedom, so I'd prefer to pay 5% more taxes in order to not have to spend 6...

As long as I don't spend 183+ days in some country... I can pick basically any country for tax residency that has easy tax residency rules like Georgia and pay no taxes? Cyprus Corporate Registration -> There is no corporation tax on income outside of Cyprus. Since I will pay out everything as...

The thing I love about the Estonian corporation is that I can postpone my decision to find a solution... Because I can still expense salary... if the company earns €300k for 3 years and I pay it out as a €900k salary in 2022, then I think 0 corporation tax would be due. In the UK you have...

My location I've lived as a digital nomad for 4 months in Thailand and 3 months in the Philippines, while I kept paying taxes in my Northern European country. I've had to go back to my home country due to corona for 3 monthly, but I've been living and working in Ukraine for 2 months now. My...

Due to poor administrative execution of ceasing activities of my UK Limited Company, the remaining balance of my corporate bank account was transferred to the UK Treasury. Even though I had already paid corporation tax and personal tax over the money. I wasn't aware of all the technicalities and...

I'm planning to use a corporation to work as a freelancer in Southeast Asia for the next 3-5 years. I'm earning good money (~$200k-250k yearly), but my goal is to invest the money and to put the money away for retirement while deferring taxation. Many accountants will charge $200 monthly and I...

My father is Turkish and my mother is German. I only have German citizenship and I'm planning permanently leaving the EU and live in Southeast Asia. Would requesting Turkish citizenship help me in any way for saving taxes in the future?

Sometimes it can be very hard to open a corporate bank account and I can easily open a personal N26 or Transferwise bank account to get paid in. I live in Southeast Asia, but I'm still officially registered as a tax citizen in Europe, which will change soon. I have an income of $18k monthly...

I used to live in the United Kingdom and operated through a Limited company. When moving back to my home country in Northern Europe, my accountant suggested we should close down the company. My accountant didn't inform me to empty the bank account and I just assumed I could still withdraw the...

I have already decided that I do these things before officially emigrating from Northern Europe to Southeast Asia: Open a N26 bank account Open a Transferwise bank account Request Estonian e-identity Any other things that I should do now, while I'm still officially a citizen and tax resident...

Yes, but you can decide yourself if you pay yourself as a board member or an employee. "The first thing you need to know is what salary you are going to assign yourself, board member salary (director of the company or administrator), employee salary (employee), or both." Source: Your Company In...

In that case, can I not just open a second company in Belize. Then afterwards invoice my Estonian company for all services through the Belize company? The primary reason for the Estonian company is having a EU business bank account and easily being able to do freelance assignments for European...

Dubai and Monaco have extremely low taxes for everything. Thailand and Philippines have 0 taxes on foreign sourced income. Doesn't that mean that almost always for tech entrepreneurs, real estate entrepreneurs or even sports superstars, both countries almost wouldn't charge you any taxes on...

There wouldn't be any profits if I would pay myself a salary? A salary is an expense... so this would lower the profits to 0.