0% Tax Offshore Company
- Thread starter GiveMeFreedom
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You should look towards places where the cost of living is relatively low and where the tax system aligns with your expectations. 0% tax is possible, but︀ the standard of living is typically very poor if you only earn 250K annually. You︁ should expect to pay some taxes and social contributions until you earn around 1M EUR︂ annually and can potentially move to countries like Monaco or similar.
Wow, there is a lot of really bad information here.
UAE is 9% now, not 0%.
OP should first clarify what kind of income it is.
If it is US-sourced royalties, then you'll want to be in a treaty country. Someone here mentioned Georgia for cases like that.
UAE is 9% now, not 0%.
OP should first clarify what kind of income it is.
If it is US-sourced royalties, then you'll want to be in a treaty country. Someone here mentioned Georgia for cases like that.
Why would you do that when you can pay 5% in Malta?
At 10%, you can use a Swiss company (well, close, I think the lowest is 11-12%), which has much better reputation than Bulgaria.
At 10%, you can use a Swiss company (well, close, I think the lowest is 11-12%), which has much better reputation than Bulgaria.
Some advice here is good, but you need to consider, on top of this, banking and how to exit. Indeed, many of those places have either incompetent or risk-averse banks, so you might not be able to cash out when you want to settle elsewhere.
Dubai is good and widely used for this and did retain their business after announcing a tax hike because it had an acceptable financial infrastructure. The opposite is countries like the Seychelles and related islands, where you'll have to deal with the most shady/expensive banking providers (hello Advcash) if you want access to a bank account.
Dubai is good and widely used for this and did retain their business after announcing a tax hike because it had an acceptable financial infrastructure. The opposite is countries like the Seychelles and related islands, where you'll have to deal with the most shady/expensive banking providers (hello Advcash) if you want access to a bank account.
The 15% tax stems from the OECD's global minimum tax initiative (https://www.oecd.org/en/topics/sub-issues/global-minimum-tax.html).
The UAE is currently working to align its policies with the OECD framework and guidelines.
Small companies are not in scope by the OECD right now .
The UAE is currently working to align its policies with the OECD framework and guidelines.
Small companies are not in scope by the OECD right now .
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