Plan B, local tax benefits, convenience compared to having to apply for visas, doors opening for local opportunities etc.
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List of Residencies obtainable without living in the country?
- Thread starter banafinfodafuggiano
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For personal tax it shouldn't help if someone has to pay tax on his worldwide income.
Yep, there's always need for a plan B.
Local tax benefits. For other taxes, plan accordingly 😉
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
if you live inside EU 180 days a year you won't have any benefits from this residency right?
You do, as taxes in Russia are lower than in the EU (except non dom, flat tax etc). Of course Russia needs to be your center of vital interests, it's not sufficient to count the days.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Roughly $29k.
If you are self employed in Moscow and declare up to 2.4m rub your tax rate is 4% or 6% depending on whether you sell to individuals or companies.
Source:
https://sevinvestportal.ru/en/media...ribution-of-the-tax-regime-for-self-employed/
It also seems that you can pay 8% up to 60m rub of income http://publication.pravo.gov.ru/Document/View/0001202202250005
Here I read something different: https://www.nalog.gov.ru/rn50/taxation/taxes/usn/
including that you can lower taxes to 1%.
So, I'm not sure how much I will pay but certainly not more than 15%.
Last edited: Oct 20, 2024
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
It's not certainly less than 15%
You have to check the new law
And as well it depends on the type of income, if you make an LLC you will pay much more than in most EU countries even
Source?
Which law?
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
It googles very easy btw
https://www.nalog.gov.ru/rn53/news/tax_doc_news/15155656/
This is for particulars that are working for someone excluding hidden taxes which is 32% more
This is for companies just for the pure income
https://www.nalog.gov.ru/rn77/news/tax_doc_news/15130498/
Progressive tax rates from 13 to 22%, applied to the income portions above the threshold. Fine. Still less than what I pay as a non resident.
Which hidden taxes?
25%
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Please google what is hidden taxes in russia even ChatGPT is enough for that. It's on the surface.
And try to think about it from 2 perspectives - particular and as a company founder.
Corporate income tax yes excluding all other taxes applied to company
So they are not hidden
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
If you are saying ”˜certainly less than 15%' it's obvious that it's hidden taxes at least from you because you don't know anything about that, but actually most of the citizens in Russia don't understand that as well so you are not alone
For those who can use google and who is interested to do the research it's not hidden, you are right
@JohnnyDoe You might look into Special Economic zones (ОÑÐ¾Ð±Ð°Ñ ÑкономичеÑÐºÐ°Ñ Ð·Ð¾Ð½Ð°) , there are quite many of them .
And also many offer more benefits for companies focused in information technologies .
I don't know where you are planning to stay . Here is one example in moscow oblast (https://oezdubna.ru/)
And also here is the official portal to navigate the different special economic zones : https://оÑз.рф/
And also many offer more benefits for companies focused in information technologies .
I don't know where you are planning to stay . Here is one example in moscow oblast (https://oezdubna.ru/)
And also here is the official portal to navigate the different special economic zones : https://оÑз.рф/
how easy is it to get residence there?
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Winners never quit and quitters never win....
Thank you. As I said, I am taking residence also for obtaining tax advantages that are not available to non-residents. I'm not disclosing all the details of my setup 😉
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
😉 You are a STAR!
This is exactly what I have been doing in China for the last decades. Few people know about this or how it works.
This is the SAME thing I did for over two decades in https://www.zolicol.gob.pa/
I left Panama for China in the late 2000s. China provided much better incentives and NO corruption! OK...some "corruption," but the transgressor would be swiftly executed, which is precisely what I would have done to them had there NOT been laws against "mvrd3r$" smi(&%
Thank you for sharing this! thu&¤#
It's much appreciated!
Maybe...maybe...if "rules" permit, you could entertain the thought of selling a guide for the price of several Satoshis. 😉
I will publish all the non sensible info here: https://www.offshorecorptalk.com/threads/russia-residence-my-journey.46303/
If one day I have the time and will I will incorporate all this and more into a life coaching program 😉
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
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