Is it worth opening a Limited Company in Montenegro? Company formation over may be slightly more expensive than the UK though, Would someone advise if its not on your country's list of DTA between countries, then would you advise to start a company there?
what is DTA? btw cost of LLC + bank account + residency (as a result of LLC ownership) is ~1500 Euro.
DTA - Double Taxation Agreement between your country of origin and the country where you intend to initiate the offshore company. Usually governments have a long list of these, the ones that are not on the list are usually expensive in my opinion..
They probably won't, but you need to put the companies profits in your personal income tax return in your home country, if you don't do that, you're committing tax evasion.
in that case would a double treaty not be important to avoid to pay taxes in both countries?
The thing with US LLCs is:
that's one of the most important points to consider. Actually I was always thinking if that wasn't the case and people just were confused, but you are right that's how it will work in most countries.
