Tax Strategy for Zero Tax UAE & Estonia Setup
- Thread starter rowena
- Start date
- Status
I guess he means that If you manage your Estonian company from the UAE and you live in the UAE most of the time, then it's more likely that your Estonian company would be considered a UAE company from a tax perspective because of PE (permanent establishment) laws.
But you don't have to worry about that as you'll pay 0% taxes on any income in the UAE whether it's personal, corporate or whatever.︀
But you don't have to worry about that as you'll pay 0% taxes on any income in the UAE whether it's personal, corporate or whatever.︀
I didn't check UK LLP but 2 member requirement looks like extra paperwork. Are there any benefits UK LLP over Estonia company? I am receiving money from Ireland companies(Google & Apple) and the UK will exit the VAT regime next month. I invoice with 0% VAT(B2B intra-community) but I'm not sure how Brexit will change this.
The benefit depends on the use you want to do, LLP is completely tax transparent and it's crystal clear profits are distributed to members without any limitations and tax-wise only members are taxed based on their place of residence. Adding a second members to︀ the LLP is straightforward, not much of a paperwork. I assume requirements on accounting are︁ similar to an Estonian company, no shareholder privacy in both cases.
In order to get Thai permanent residence, one need to have work visa, work permit, work for 3 years and pass language test. All other visas (spousal, retirement, elite) do not qualify.
Some countries accept 1 year visas as proof of residence, others like Canada do not.
Some countries accept 1 year visas as proof of residence, others like Canada do not.
Is there any disadvantage of using an US LLC? An LLC from New Mexico would also provide privacy besides taxes being passthrough.
If someone is living in a territorial taxing country with zero taxes for foreign income, wouldn't a NM LLC be offering both privacy and 0 taxes?
If someone is living in a territorial taxing country with zero taxes for foreign income, wouldn't a NM LLC be offering both privacy and 0 taxes?
You get taxed in Thailand on foreign income remitted in the kingdom during the year of assessment.
You have to keep your money out of the country until the next year for it to be tax free. You︀ could play around that with debt.
Also Thailand has capital gains on crypto at 15%︁ where this rules doesnt apply has the blockchain is everywhere as they said a few︂ years back.
And technically work performed while inside the country is taxable, so be careful︃ there if you get paid a salary while staying in Thailand full time.
Most people︄ living in thailand on this break the law without knowing it, they get away because︅ there is zero enforcement.
You have to keep your money out of the country until the next year for it to be tax free. You︀ could play around that with debt.
Also Thailand has capital gains on crypto at 15%︁ where this rules doesnt apply has the blockchain is everywhere as they said a few︂ years back.
And technically work performed while inside the country is taxable, so be careful︃ there if you get paid a salary while staying in Thailand full time.
Most people︄ living in thailand on this break the law without knowing it, they get away because︅ there is zero enforcement.
I got an EIN without any hassle. And even with an EIN the neobanks in the US are giving me quite a hard time. Some of them are even asking SSN and ITIN, even though that is not applicable at all for foreign-owned LLCs as non-residents don't have to pay taxes in the US.
The only one that opened me an account without any hassles was TW.
But other︀ banks like Mercury, just rejected me because my business wasn't US based.
The only one that opened me an account without any hassles was TW.
But other︀ banks like Mercury, just rejected me because my business wasn't US based.
I'm wondering the same. Next year's CIT tax could maybe complicate this setup due to PE, but maybe it shouldn't change much if you are only receiving salary even with 9% CIT
- Status