Estonia e-residency + Portugal NHR

[Kosem]

Meaning you‍ pay taxes only on dividends distribution?, and until then all the money counts as non⁠ profit?. Also, can you please share details (even on private message) of your accountant /⁤ tax lawyer?. I am in the same situation and was thinking about forming the company⁣ in Romania, but now after i see the advantage of Estonia, would dig into that⁢ (maybe lawyer / accountant can advise on best solution). Thank you.

 

[JC1984]

I just have a Bulgarian corp. It's ok but costs more than I‌ would like.

Portugal lawyer: DMA Accounting in Cascais....also I have a German︀ friend who went the Romanian route.

 

[bandanna]

DMA are great but they are accountants not lawyers.

If you need a tax lawyer/attorney‌ for a legal advice, I had good experience with RME Legal in Lisbon.

Also -‍ would you be able to share approximate costs for the setup in Bulgaria?

 

[JC1984]

Monthly: $635 USD for management, $264 accounting, and then I also pay Socials for myself‌ and the director combined ($72 health, $64 pension, $238 social security, $78 employment taxes)

 

[Juleski70]

One thing I notice in this thread is a lot of talk about 20% corp‌ tax on Estonian-issued dividends while ignoring that you can pay yourself a salary at 0%‍ to the corp, assuming you actually do work related to the company's activity.

I know⁠ a lot of folks here worry about the possibility of triggering PE but is that⁤ likely in Portugal under NHR if you are a 'little fish' (< 300k/yr)?

 

[JC1984]

Unlikely but you still have to worry about it.

 

[falesia1]

Hello JC, did you have any issues with the bank account⁠ with a Bulgarian Company? I'm getting the NHR right now and i'm having same doubts⁤ about the country, so i'm exploring Ireland (but the local substance price is high), Estonia⁣ (easy to open, easy to manage, everything in english), Bulgaria, Romania or Cyprus.
Did you⁢ used a trusted partner for the Bulgarian company that you can maybe suggest?

The Tax Lawyer i'm using told me that receiving a monthly salary with 0%︆ tax could be a problem (because it's monthly and not annual like the dividend), but︇ that in his experience they really start questioning about 500k/year received or more (his experience,︈ not a financial advise 🙂 )