As most people that come to mentor group I also have a few questions..
My situation is this :
I have a 100% legal business in Croatia , I sell both physical goods and intellectual (design) rights
I want to keep most of it in Croatia as is and pay our taxes.. but I would also like to have a solution to get about $50k a year on account that my government won't be able to tap to..
my potential solutions are basically these 3 things :
1. Get a company with paypal and emi done with real documents but not mine
2. Get a personal paypal and Revolut or any other emi that works with paypal also not on my name
3. Make my own offshore company with nominee and get the utility bill and passport photo from the nominee, I saw someone on the regular forum mention this.. Does anyone know an agent that would provide such a service?
Open company with nominee and get me his passport photo and utility bill so i can open TW or Revolut and perhaps paypal ?
options 1 and 3 seem pretty much the same except I would be the owner of the company in option 3, also company won't own any assets or hold money etc.. so perhaps i should opt for the cheaper solution between the two.
option 2 seems like the easiest thing to do if I get good documents , I'm just not sure how long do those type of setups work.
I myself had paypal connected with my own payoneer which worked like a charm, I sent all the docs paypal wanted and since then they didn't ask for nothing else. I stopped both paypal and payoneer years ago as my business grew and I wanted to start doing 100% transparent and pay my taxes so I don't get into trouble.
I also visited tax adviser here in Croatia , multiple of them actually and basically they said that for ~$50k I might just open paypal and payoneer again and use that , and that our tax authorities aren't paying any attention to paypal and emis (for now).. that advice isn't really what I was looking for and doesn't seem to be a valid one at least not for a longer period of time.
Tax people will for sure get only better not worse as countries want more and more money.. Maybe not right away or for a few years but in 5 to 10 years for sure and then they could charge me for all those years of not paying taxes..
Please if you can advise me I'd appreciate it!
I know I'm in the no mans land with this , 50k isn't enough money for a real proper bullet proof setup as it's not enough profit for it.. but in the same time it might be enough to rise some questions with my government if they see I have 50k undeclared money.
Also I want to keep most of my business in Croatia and pay taxes on it as I have a house and other things in my name and I don't plan to move out of my country I would just like to be able to get 50k to my emi or similar and cash out on atm and have it tax free is possible..
Thank you all and happy holidays!!!
My situation is this :
I have a 100% legal business in Croatia , I sell both physical goods and intellectual (design) rights
I want to keep most of it in Croatia as is and pay our taxes.. but I would also like to have a solution to get about $50k a year on account that my government won't be able to tap to..
my potential solutions are basically these 3 things :
1. Get a company with paypal and emi done with real documents but not mine
2. Get a personal paypal and Revolut or any other emi that works with paypal also not on my name
3. Make my own offshore company with nominee and get the utility bill and passport photo from the nominee, I saw someone on the regular forum mention this.. Does anyone know an agent that would provide such a service?
Open company with nominee and get me his passport photo and utility bill so i can open TW or Revolut and perhaps paypal ?
options 1 and 3 seem pretty much the same except I would be the owner of the company in option 3, also company won't own any assets or hold money etc.. so perhaps i should opt for the cheaper solution between the two.
option 2 seems like the easiest thing to do if I get good documents , I'm just not sure how long do those type of setups work.
I myself had paypal connected with my own payoneer which worked like a charm, I sent all the docs paypal wanted and since then they didn't ask for nothing else. I stopped both paypal and payoneer years ago as my business grew and I wanted to start doing 100% transparent and pay my taxes so I don't get into trouble.
I also visited tax adviser here in Croatia , multiple of them actually and basically they said that for ~$50k I might just open paypal and payoneer again and use that , and that our tax authorities aren't paying any attention to paypal and emis (for now).. that advice isn't really what I was looking for and doesn't seem to be a valid one at least not for a longer period of time.
Tax people will for sure get only better not worse as countries want more and more money.. Maybe not right away or for a few years but in 5 to 10 years for sure and then they could charge me for all those years of not paying taxes..
Please if you can advise me I'd appreciate it!
I know I'm in the no mans land with this , 50k isn't enough money for a real proper bullet proof setup as it's not enough profit for it.. but in the same time it might be enough to rise some questions with my government if they see I have 50k undeclared money.
Also I want to keep most of my business in Croatia and pay taxes on it as I have a house and other things in my name and I don't plan to move out of my country I would just like to be able to get 50k to my emi or similar and cash out on atm and have it tax free is possible..
Thank you all and happy holidays!!!
