Recent content by b2bfoxman

in Estonia I think it is allowed to pay dividends only after the first year of doing business. And paying salary to yourself is really expensive as there is the 34% social tax + 20 % income tax for salary. But the tax office page said a loan from a company would be taxable only if the interest...

I think also the similar system works in Latvia. They only tax corporation income when funds are taken out of the company and the actual dividends are tax free to not pay twice, and to keep the system fair for all, also foreign dividends are tax free. And country has cheaper workforce salaries