The most efficient setup
- Thread starter mintotaint
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problem is you cannot get a bank account or any payment processor to process your payments for setting up in a 0% tax haven and you would still be liable in your country of tax residence, which is probably your home country if you move around a lot.︀ From waht I understand, you cannot be tax resident no where, so it defaults to︁ your home country. But whether anything happens because of that, I don't know
A lot is possible, but it’s either illegal, expensive or useless. Take your pick.
Did you read the thread?
Did you read the thread?
If you have big volume to push through it, you can probably sort something.
If you are prepared to go for a unknown crappy service that fails for lots of western countries cards.
Some people do report they have sorted something, however, details never then follow and even if true, the risk is that it gets cancelled after a while.
If you are prepared to go for a unknown crappy service that fails for lots of western countries cards.
Some people do report they have sorted something, however, details never then follow and even if true, the risk is that it gets cancelled after a while.
Well, the nice thing about internet based services is that one can develop it and set it up literally anywhere in the world. We can develop the system to be scalable, flexible and very fast. We can manage it from anywhere in the world. I am in the process of researching the best approach in terms of either minimising tax or zero rating it in a manner that is legal. I am sure there is a solution to this.
It doesn’t matter if you could be managing it from somewhere else. What matters is where you are managing it.
If you live in Oman or Panama, it is irrelevant where you work. But if you live in the US or Spain, the taxman will care.
So there is no “one size solution”.
If you live in Oman or Panama, it is irrelevant where you work. But if you live in the US or Spain, the taxman will care.
So there is no “one size solution”.
Countries without taxes. Oman has no tax and Panama has territorial taxation, which in practice also means that you pay no taxes.
Edit: I see posting that link isn’t allowed.
Just google tax-free countries or countries with territorial taxation.
Just google tax-free countries or countries with territorial taxation.
The simple and fast answer: One setup would be to setup a Cyprus or Bulgarian company or Even Georgia company, all of them can be setup remote. For banking you can use an EMI the same for the payment processing.
IMHO Estonia is convenient when you just start and plan to reinvest the undistributed income for further growth. If you want to live on that, 20% CIT is not that attractive.
It was called Bosco Conference if not mistaken. The presentation was made by Mag. Johannes Schwarz.
It was called Bosco Conference if not mistaken. The presentation was made by Mag. Johannes Schwarz.
You didn’t read my post. Which might be a positive thing. If everyone is too lazy to look into it, the scheme might be more likely to survive.
I am︍ in a similiar situation than your friend and I am seeking for advice.
Current situation:︎
- Austrian citizen, not resident in the country anymore
- Living in Thailand
- I️ have a Thai Business
- Main Customers are Austrian Companies
My plan:
The plan is to direct the money from the customers to an offshore company (Seychelles?) with EMI (TW?). Then I would bill the OC from my Thai Company to be able to pay my bills in Thailand. The rest I would transfer to my Austrian Bank Account. As I am non-resident in Austria and don't own any property there aswell, in my understanding this should not be an issue. My accountant in austria said that as long as I don't earn any income from rentals in austria I shouldn't have any tax issues︀ there. In Thailand income from another year is exempted from tax afaik. To keep the︁ tax low in Thailand I want to avoid the cash flow getting to high to︂ thailand.
Am I missing something? Do I run into any problems with the combination of︃ Seychelles/EMI and transfering money to Austria? Or is something else more reasonable than Seychelles? I︄ wouldn't want to keep a huge amount of money on any EMI, so thats why︅ I would like to kind of secure it in austria.
Current situation:︎
- Austrian citizen, not resident in the country anymore
- Living in Thailand
- I️ have a Thai Business
- Main Customers are Austrian Companies
My plan:
The plan is to direct the money from the customers to an offshore company (Seychelles?) with EMI (TW?). Then I would bill the OC from my Thai Company to be able to pay my bills in Thailand. The rest I would transfer to my Austrian Bank Account. As I am non-resident in Austria and don't own any property there aswell, in my understanding this should not be an issue. My accountant in austria said that as long as I don't earn any income from rentals in austria I shouldn't have any tax issues︀ there. In Thailand income from another year is exempted from tax afaik. To keep the︁ tax low in Thailand I want to avoid the cash flow getting to high to︂ thailand.
Am I missing something? Do I run into any problems with the combination of︃ Seychelles/EMI and transfering money to Austria? Or is something else more reasonable than Seychelles? I︄ wouldn't want to keep a huge amount of money on any EMI, so thats why︅ I would like to kind of secure it in austria.
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