Ukraine will release ''e-Residency Ukraine'' program 5% tax income...sound interesting!!! Better like Estonia ???
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I proposed a branch of a Western bank in Ukraine precisely to avoid doing business with Ukrainian banks. The same in e.g. Bulgaria or Romania. Also: Come on, it is someone else's barge pole!
Does this apply also to Georgia's HNWI residency? As far as I know, that program does not have any requirement for presence in Georgia.
Does this apply also to Georgia's HNWI residency? As far as I know, that program does not have any requirement for presence in Georgia.
There is no safety just because name of bank are similar(even not same)😉
Clients still insured for joked 200000UAH(around 7k EUR) in case of bank fall.
If something start to smell in Ukraine, these banks are sell fastly, rebrends and then goes to bankruptcy if needed(and money of clients for sure will fly away).
The same was repeated many times in Ukraine.
Just check bank ratings︀ and how many clients they serve in Ukraine. All western branches are quite small and︁ its rather nominee present instead of having big part of banking business.
Clients still insured for joked 200000UAH(around 7k EUR) in case of bank fall.
If something start to smell in Ukraine, these banks are sell fastly, rebrends and then goes to bankruptcy if needed(and money of clients for sure will fly away).
The same was repeated many times in Ukraine.
Just check bank ratings︀ and how many clients they serve in Ukraine. All western branches are quite small and︁ its rather nominee present instead of having big part of banking business.
Large European banks have a reputation to protect, hence it takes a really big trouble for them to screw their clients the way you described. A case in point: Danske Bank was badly burned in the Baltic States, but quit in good order without damaging their clients.
Unicredit, Raiffeisen, BNP, Credit Agricole are in my opinion safer than purely Ukrainian banks. I don't see why one would deposit anything over insured︀ limit there. This isn't "Bring all your assets into Ukraine"-program, and if it was, you︁ can definitely count me out.
Unicredit, Raiffeisen, BNP, Credit Agricole are in my opinion safer than purely Ukrainian banks. I don't see why one would deposit anything over insured︀ limit there. This isn't "Bring all your assets into Ukraine"-program, and if it was, you︁ can definitely count me out.
I don't want to dispel your fairy tale, but ...
For example Erste bank. Large, European, with good reputation. Huh?
Was in Ukraine since 2006, rebrands at 2014 (for remove theoretical ties with mother bank?), 2016 liquidated.
You could just google which EU/World banks tried to get into market of UA.
Over decades a LOT of world largest banks are come to Ukraine and then leave. Only few︀ left. Nobody care about reputation.
It's a just a business, where traditional banks are not︁ found in high-risk Ukraine enough appliance. And it's a only matter of time and cost︂ when EU banks will be unprofitable, rebrand branch and leave country.
For example Erste bank. Large, European, with good reputation. Huh?
Was in Ukraine since 2006, rebrands at 2014 (for remove theoretical ties with mother bank?), 2016 liquidated.
You could just google which EU/World banks tried to get into market of UA.
Over decades a LOT of world largest banks are come to Ukraine and then leave. Only few︀ left. Nobody care about reputation.
It's a just a business, where traditional banks are not︁ found in high-risk Ukraine enough appliance. And it's a only matter of time and cost︂ when EU banks will be unprofitable, rebrand branch and leave country.
We seem to be talking about different things. I do not see a foreign bank selling & quitting as a problem if the clients are not screwed in the process. Indeed I gave an example of a Danish bank quitting the Baltics. Erste announced it is withdrawing from Ukraine in late 2012. A sale was finalized in April 2013. Plenty of time︀ for a customer to transfer his money elsewhere.
Again, leaving is not an issue. If you remain as a client when︂ your Austrian owned bank turns Ukrainian, your fault. Clients and employees expectations of permanence are︃ not based in reality. These days you can expect and get loyalty only from a︄ dog.
Again, leaving is not an issue. If you remain as a client when︂ your Austrian owned bank turns Ukrainian, your fault. Clients and employees expectations of permanence are︃ not based in reality. These days you can expect and get loyalty only from a︄ dog.
Sure. You are protect banks from reputation/business side and I look on them from client side.
Clients don't care what bank is: Barclays, Erste, etc. When clients open accounts - they are willing to do long term business and don't expect to search to another bank, because current year statement showed that bank have a quite big losses and decide to leave country. It's a same risk as other high-risk things in industry. Sure everything could be even with AAA bank in AAA country, but current situation with EU banks in UA - are risked too.
And EU banks in Ukraine are at same situation - with︀ a quite little of clients, they have very small area of interest and very bad︁ financial results year to year.
There are absolutely no different in terms of hold funds︂ below insured limit in 'EU branched bank' like BNP or with government controlled Oschadbank.
Clients don't care what bank is: Barclays, Erste, etc. When clients open accounts - they are willing to do long term business and don't expect to search to another bank, because current year statement showed that bank have a quite big losses and decide to leave country. It's a same risk as other high-risk things in industry. Sure everything could be even with AAA bank in AAA country, but current situation with EU banks in UA - are risked too.
And EU banks in Ukraine are at same situation - with︀ a quite little of clients, they have very small area of interest and very bad︁ financial results year to year.
There are absolutely no different in terms of hold funds︂ below insured limit in 'EU branched bank' like BNP or with government controlled Oschadbank.
Hello
Does someone can explain me on what the 5% taxe is calculated?
I mean actually i buy and sell digital stuff
I cant sell for more than 5k profit in france else i ll be considered as a Professionel seller with all the tax that come with it..
So yeah for know its kinda a hobby not big buisness like most of you and without putting much effort i can grab some money
but with this e-residency i could open a company and sell much as i do now.
Does the 5% income taxe is on the profit or all the income money?
Thanks you
Does someone can explain me on what the 5% taxe is calculated?
I mean actually i buy and sell digital stuff
I cant sell for more than 5k profit in france else i ll be considered as a Professionel seller with all the tax that come with it..
So yeah for know its kinda a hobby not big buisness like most of you and without putting much effort i can grab some money
but with this e-residency i could open a company and sell much as i do now.
Does the 5% income taxe is on the profit or all the income money?
Thanks you
1. On all income money
2. Limit for income for such tax level is 7,000,000 UAH per year(~200k EUR)
3. Its a matter what exact goods/services you are buy and sell. Depend on it you could forced to pay import or export VAT
Or even taxman could drop you from the 5% level tax to standard tax 19.5%+ 20%VAT.
So again, its just a fairytale for people who read "5% tax" and thats is.
And dont tried dive into details about limitation, cons, requirements, etc.
2. Limit for income for such tax level is 7,000,000 UAH per year(~200k EUR)
3. Its a matter what exact goods/services you are buy and sell. Depend on it you could forced to pay import or export VAT
Or even taxman could drop you from the 5% level tax to standard tax 19.5%+ 20%VAT.
So again, its just a fairytale for people who read "5% tax" and thats is.
And dont tried dive into details about limitation, cons, requirements, etc.
You really do though. Many countries tax office will per default say that you are on a “round trip”, if you are trying to “live” like a nomad and not be tax resident any Where. It doesnt work in practise. You will have to be tax resident SOMEWHERE.
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