The question is, who should be the shareholder of the Hong Kong company? Should it be him as an individual or the Cyprus company 100% share and him as a manager?
I suppose it should be the Cyprus company; otherwise, how could it receive distributions?
In this case, do you mean that the LLC will have one member, which is the Cyprus company holding 100% of the shares? So when the LLC distributes profits to the Cyprus company, the Cyprus company will pay 12.5% tax on those profits.
Thank you. Do I need to report the LLC in any way?
Also the profit distribution would be 20%?
As far as I know, managing an LLC from Estonia shouldn't be an issue. Are you aware of any other countries with similar policies? To my understanding, it's only Cyprus and Malta.
No, they're not specifying which countries out of the 101 aren't sharing information with each other. They're only mentioning those that do. Naturally, the rest would be the ones not mentioned. But I was wondering if there's a list of all those remaining countries.
I also have a question. Let's...
Is there such a thing as a reverse list? You know, like which countries don't cooperate with each other? For instance, which country doesn't cooperate with Portugal?
Is that information still accurate? My understanding is that in Estonia, if I were to reside there with an LLC and refrain from distributing profits, I could potentially avoid paying taxes on my LLC altogether.
Alternatively, could I establish two LLCs (LLC1 and LLC2), with one serving as a...
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