It can if a US LLC can cost 150-160/year there is definitely other countries with lower or closeby costs. Besides there is 252 other countries/dependancies besides US and only need find around 5-8 countries that work and fit requirements and your pretty set for a decent time until law makers mess up tax laws again
Estonia taxing undistributed profits in 2026 where people will go to now?
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Is it really such a big problem that they tax the profits in a company that way?
There must be a way to avoid it or at least just pay the small amount of tax it involves without having to relocate or shut down a company that you've spent time and money registering.
There must be a way to avoid it or at least just pay the small amount of tax it involves without having to relocate or shut down a company that you've spent time and money registering.
If it was automated tax collection from company bank account by tax department and no need for calculations, documentations, fines etc then I wouldn't care as long as it is very low amount and taken at year end not on advance tax basis.
I cant imagine anything worse from property rights viewpoint as somebody "just taking" sometning from somebody. Be it money, information, whatever. Luckily Est has managed to avoid at least that so far.
Not sure how long thougn....
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The problem is as a director you are financially liable for 3rd party errors/mistakes or otherwise whoever submits the audits/accounts/tax docs etc and each country has like 5 or 10 years within which tax authority can come back and say oh wait we accepted your submission but upon double checking looks like your submission is wrong so we decided to fine you xyz amount now pay up or face jail time or some other authority would be more generous and make u pay and face jail time depends on how big of an error it is.
Which means more of my time wasted going over every calculation to see if everything is correct, so much better to find a place which has lower or no taxes as per requirements I said before so less risks
I don't mean like nationalization or confistication what I mean is automated tax collection at end of financial year(if it is a tax collecting country then 0.1-2% tax justifiable since you anyway pay that cut to your payment processor too which is automated) no need for self submission/docs/calculations/tax refunds all time wasting stuff with extra costs not like tax department does our accounting or auditing for free.
If you want to not pay tax then you should consider a no tax collecting country things should be simpler like that.
No it doesn't happen currently I don't think any country still has automated tax collection instead of self assessment they should give people option to choose self assessment or automated collection at year end
Because self assessment is at year end with tax payment at year end so why pay earlier?
@alain we have already been there a couple of weeks ago.
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Post in thread 'Estonia taxing undistributed profits in 2026 where people will go to now?'
Jan 7, 2025$80 audit. You mean, you paid a Pakistani guy on fiverr to do your accounting and fall under the audit requirements and the Estonian government did not check?
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Post in thread 'Estonia taxing undistributed profits in 2026 where people will go to now?'
Jan 7, 2025Wish it would be that easy, cost would be much cheaper too. Using a registered international audit firm that holds related accounting qualifications and aware of related accounting/tax rules of country, simply bundle up all new companies to same firm get discount for new entities since lower transaction volume
OP can you tell me what provider you are using right now which fit your budget ? I would like to know them.
Me too. And which country you are in to hide taxes. It fits my tax appetite. Would like to move in next door.
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