None resident Estonian company

Status
Not open for further replies.
Estonian OU has two types of salaries for nonresident directors and employee salary should be‌ tax free and as easy as making a transfer reference 'employee salary', no registration necessary‍ with Estonian tax office for this type of employee. Salary for managing company/board member salary⁠ seems to be always taxed in Estonia. That's what I concluded when researching if Estonian⁤ OU makes sense for me. You can read more about it here:

https://www.xolo.io/zz-en/faq/xolo-...pay-myself-a-salary-operating-outside-estonia
I trust⁣ that Xolo people know what they are talking about because they are very popular in⁢ Estonia and because they are in the same building as Estonian tax office 😀
 
Part of your employment salary could in theory requalified as a director's fee/dividends as it makes‍ sense that the director also gets something for his duties, and the company pays something⁠ to its owners. Estonia has implemented GAAR.
Anyway, this is the theory, and enforcement of⁤ the laws in practice may vary.
 
Guys I am running an Estonian OU for last 3 years and trust me;

As a⁣ non-resident you do not need to pay any income tax in Estonia and you do⁢ not need to pay any social security fess either. But of course you have to︀ report this income in your home country.

Dividents; I avoid getting paid by dividents because︁ its more expensive for me 🙂

For staff; If you will not hire a Estonian tax︂ resident I strongly suggest you to have them as a freelancer and pay them out︃ via normal invoice. So they can pay their own taxes where are they located 😉

Honestly I am using my Estonian company as a PiggyBank because of the %0 corporate tax.︄ So I am collecting money in to my Estonian company and I will cash them︅ out in a later stage. And at the same time I am investing in to︆ crypto with that company money. Also I am investing in to some startups via my︇ Estonian company.
 
General partnerships and limited partnerships‌ do not have to submit annual reports to the registry department, except in cases where‍ a private limited company, public limited company, cooperative or commercial association are the general partner⁠ of a general partnership.

Source: Eesti.ee
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

User Menu