<<snippet>> said:
1. Why do you need to incorporate in Europe?
2. How are you receiving your payments?
3. What's your objective by setting up this company? ie. why not just form one in your home country?
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First thank you very much for your answers, very informative!
1. The basic idea was I born in Europe even it's more than 10 years I live in Asia. I want to invest in Europe later and it's always painful to move money from outside Europe to Europe as it's raise lot of questions from banks. Beside potentially I want to ask loan to my own country for real estate investment. If you ask a banker in my home country a loan but you live outside Europe, even you show good figures, you are a "risky profile". That's a reason why I want to incorporate in Europe. I think even my company is in Cyprus or Romania, the banker will be more comfortable than weird countries (in his opinion) in Asia. Maybe I'm wrong...
There is other reasons for Europe but let's stick to this one for make things simple.
2. paypal / skrill / crypto / wiretransfer. Of course it's for wire transfer I need bank account.
3. There is no way I incorporate in my own country with tax and laws (1/3 tax, 1/3 waste my time with administration). Anyway I left my home country more than 10 years ago so there is not point. And I'm travelling often, moving country every 2 years. Almost a permanent traveller. So in that case there is no point I found a company in Taiwan. It's not a nice environment for tax and headaches. Technically I live there so I suppose to found company here, but what is the point if I leave the country in 8 months? I will not waste my time to manage a company with chinese administration which is totally online with no customer/no employee there.
<<snippet>> said:
They actually can investigate and in that investigation discover you're running the company from those countries (in practice it's highly unlikely that will happen in Indonesia because they are so disorganized and chaotic, much more likely it could happen in Taiwan).
You are correct that it's legal to have a company somewhere else and receive dividends then pay tax on those dividends. Where you run into the problem is the company could be taxed by Taiwan on the basis that you are a PE there. It's not super likely but certainly possible and they'd definitely have reason to look at it because you're a resident there and have authority over the bank account.
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A candid question. If I'm shareholder, why a country will think it's a reason to tax the company? I can be a passive shareholder who invested at beginning but do nothing for the daily business of the company which has his business somewhere else. Example, I live in Taiwan, I'm a passive shareholder 20% of a company incorporate in Indonesia who do business in many country but NOT in Taiwan. So basically my life in Taiwan has nothing to do with the company in Indonesia, I just got dividends 20% every year and do absolutely nothing, I don't visit customer in Taiwan, I don't have employee in Taiwan. The only thing I do is to send an email once a month to my shareholders to get news about their children and how is the company running.
So in that case I don't really understand why Taiwan would consider my company to be taxable in the country, of course my dividends will be taxable.
I can continue the logic. Actually I manage the company from my computer, I send order to suppliers (developer, writers) and I have regular skype meeting with shareholders for the strategy. In that case technically I'm really working...but how is it possible to make a difference between a real passive shareholder and an active shareholder who work 6 hours by day from his computer at home? Keep in mind there is absolutely no business, no customer, no employee in Taiwan so no proof at all a work is done except if my computer is checked, which I doubt.
<<snippet>> said:
First, on no planet should you be paying 5000-6000 EUR, I'd say about 2000 EUR including bank account is reasonable.
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Any recommandation for supplier in Bulgaria?
I agree for Estonia, not good anymore...even I'm a e-resident. Maybe useful again in few years.
I'm really open to Gibraltar, Malta, Portugal if there is good option.
And I agree the tax is not the first thing to check for incorporate. It's why I said I don't care about 0% tax in shady countries. That's said I don't want to pay 30% neither. I just look for a good balance between taxes and advantages to run the business in long term.
