Bulgaria or Cyprus for company and residency?
- Thread starter georgio
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Not yet, I am looking into it later. Anyway, opening bank accounts was possible as a non-resident, which is maybe more interesting for the large public here.
as I wrote the vast majority of cyprus accountants when you confront them with logical data about the absurd of their cost do not cut the crap, but with religious fever stick to their myth. It is like confronting a priest about the scientifical imposibility of miracles and resurection, you will get a lot of mumbo -jumbo and maybe an excomunication at the end as Mr Loizos did. In the︀ food chain we are litetally their food and from the image they are selling comes︁ their llifestyle. Anyway I urge everybody not to mess with Cyprus but instead go to︂ Luxemburg it is much more chic, there the accountancy firm can even arrange for a︃ limo to pick you up for the airport, a dressed valet will open the door︄ when entering the building and everybody is going to wear 3 piece suits ( cypriots,︅ buy a tie please) Ofcourse just for talking with them will get you at least︆ 5000- 10000 E but it s only money, why care ?
Are there any good Luxembourg setups if you’re making less than a couple millions?
Like 200k per year?
Like 200k per year?
No, not yet. My personal tax burden is not too high at the moment, so tax residency in Bulgaria is not needed.
Lydras basically it s where all the action is but you can walk in all the other towns also I mean Larnaca has a great promenade at the beach. What I think our friend wants to write is that cyprus lacks serious public transportation. There are no trains, few public buses and few taxes that are expensive. And it s a small place after 2 weeks you already know everybody except tourists that come and go. My 2 c
Yes, but it is not only that. For city people who are accustomed to just walking to shops, restaurants etc. and are planning to move to Cyprus, I suggest getting an apartment in the very (touristic) center of the city. Even just a short distance outside of these places, the grocery/cafe/restaurant etc. options are very limited without a car (which creates its own inconvenience). The city planning differs from most of old European cities.
This is a car-centered society, but one needs a background︀ in other kind of society to understand that. There are a lot of people (esp.︁ Cypriots themselves) who just don't know what I am talking about.
In Larnaca a good place︂ would be Finikoudes and areas right behind it. Those give an easy, walkable access to︃ shops, restaurants and that great beach promenade you mentioned.
I don't know Nicosia that well, but as︅ mentioned, the old town around Ledras street is great (There, owning a car might be︆ a problem due to parking etc.). Nicosia is more city-like, so the walkable area is︇ relatively large.
(As to cars & driving, left-side driving is not difficult to learn, and︈ the lanes are often separated. Renting a car outside of tourist season is dirt cheap.︉ For example, right now an in-terminal rental, automatic gearbox, tiny Kia Picanto can be had︊ for 6,5 €/day.)
This is a car-centered society, but one needs a background︀ in other kind of society to understand that. There are a lot of people (esp.︁ Cypriots themselves) who just don't know what I am talking about.
In Larnaca a good place︂ would be Finikoudes and areas right behind it. Those give an easy, walkable access to︃ shops, restaurants and that great beach promenade you mentioned.
I don't know Nicosia that well, but as︅ mentioned, the old town around Ledras street is great (There, owning a car might be︆ a problem due to parking etc.). Nicosia is more city-like, so the walkable area is︇ relatively large.
(As to cars & driving, left-side driving is not difficult to learn, and︈ the lanes are often separated. Renting a car outside of tourist season is dirt cheap.︉ For example, right now an in-terminal rental, automatic gearbox, tiny Kia Picanto can be had︊ for 6,5 €/day.)
Can you please be more specific to this, anything official you may be able to link to or other interesting information about it?
According to the gtai-webpage ("gtai" is funded by the German parliament):
https://www.gtai.de/gtai-de/trade/r...n-bei-besteuerung-und-sozialabgaben-mit-58682
from 01.01.18 on, microcompanies with a turnover below 1.000.000€ are taxed with 1% (with min. 1 employee, can be shareholder) or 3% (with no employee), based on turnover, not profit (!). All exceptions have been redefined. E.g. Consulting activities have no more limitation of 20% of turnover.
https://www.gtai.de/gtai-de/trade/r...n-bei-besteuerung-und-sozialabgaben-mit-58682
from 01.01.18 on, microcompanies with a turnover below 1.000.000€ are taxed with 1% (with min. 1 employee, can be shareholder) or 3% (with no employee), based on turnover, not profit (!). All exceptions have been redefined. E.g. Consulting activities have no more limitation of 20% of turnover.
here is the official link to the law for micro enterprises. Just run it through Google translate:
https://static.anaf.ro/static/10/Anaf/legislatie/Cod_fiscal_norme_2018.htm#T3
https://static.anaf.ro/static/10/Anaf/legislatie/Cod_fiscal_norme_2018.htm#T3
Exceptions have been almost completely eliminated. Only pensionfunds, etc. are exceptions. German version:
Die neue Regelung
Nach der neuen Verordnung bei Kunst. 47, nach Abs. (2) ein neuer Absatz wird eingefügt, Abs. (3) mit folgendem Inhalt:
"(3) Folgende rumänische juristische Personen fallen nicht in den Geltungsbereich dieses Titels:
a) den nach dem Gesetz eingerichteten Einlagensicherungsfonds︀ im Bankensystem;
b) nach dem Gesetz eingerichteter Anlegerentschädigungsfonds;
c) die nach dem Gesetz eingerichtete private︁ Pensionskasse;
d) den nach dem Gesetz eingerichteten versicherten Garantiefonds;
e) die steuerlich transparente Einheit mit︂ Rechtspersönlichkeit “.
Die neue Regelung
Nach der neuen Verordnung bei Kunst. 47, nach Abs. (2) ein neuer Absatz wird eingefügt, Abs. (3) mit folgendem Inhalt:
"(3) Folgende rumänische juristische Personen fallen nicht in den Geltungsbereich dieses Titels:
a) den nach dem Gesetz eingerichteten Einlagensicherungsfonds︀ im Bankensystem;
b) nach dem Gesetz eingerichteter Anlegerentschädigungsfonds;
c) die nach dem Gesetz eingerichtete private︁ Pensionskasse;
d) den nach dem Gesetz eingerichteten versicherten Garantiefonds;
e) die steuerlich transparente Einheit mit︂ Rechtspersönlichkeit “.
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