Foreign LLC or other structure for Europoors

[krispy]

I've read many threads already and am fighting to reject how difficult it has become to protect your assets from insanely high taxes. Is it even possible for someone making around $100-150k annually to form a structure that would protect him against insane high taxes (~70%). Is literally the only option moving outside of EU to a country with overall lower taxes? Are there no other alternative structures?

 

[CyprusLawyer101]

There are a lot od available workable structures. We need to know the details of your operation to be able to provide feedback

 

[krispy]

CyprusLawyer101 said:
There are a lot od available workable structures. We need to know the details of your operation to be able to provide feedback
Click to expand...

I'm located in Slovenia, working via solepropritoership. Which was a fairly decent structure in the past but has changed drastically last year (basically 100% increase in tax for for my case) and the government recently prepared a draft which doesn't allow income of more than 60k / year using this structure.

I'd like to get the feel of the alternative options to be aware of what possibilities I have.

I'm a software engineer working with clients, most recently mainly with crypto-related clients. They are pretty flexible when it comes to payments.
I also have a possibility to license a software in case that would be a helpful information.

 

[CyprusLawyer101]

As a consultant your options are limited. If you have a software to license, you could opt for a company abroad utilizing an IP regime. If your consultancy would be related to the software, you could have the company doing it and yourself recieving salary/fee from the company for your work. If you would consider changing residency, your options multiply exponentially.

 

[krispy]

CyprusLawyer101 said:
If your consultancy would be related to the software, you could have the company doing it and yourself recieving salary/fee from the company for your work. If you would consider changing residency, your options multiply exponentially.
Click to expand...

This means I'd be a single-member owner of a company abroad utilizing an IP regime. The company would receive funds from licensing that software, and I'd be able to pay myself with dividends for example?

I myself (as a solepropritoership) would invoice the company that purchased the license for my work on the licenced software? Or would I invoice the company which I'm the owner off? If it's the later, from what I understand invoicing a company which you're also an owner of is a red flag.

CyprusLawyer101 said:
As a consultant your options are limited.
Click to expand...

What are some other options a software developer can look into to avoid consultancy?

 

[UniversalTrader]

Why are you trying to avoid consultancy? Your aim is to continue to be able to invoice clients for the same work you're doing for them, but reduce taxes, correct? That work being consulting services, right?

 

[clemens]

You could easily setup a company in the UK for for the purpose and tranfer the money from there to another low tax company in another country or exchange it to crypto.

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