Recent content by capotera

thanks @shikari for the help. Indeed I would rather pay the 12.5% tax for now and have piece of mind. The taxes avoided with all the hassle would probably break even due the setup ongoing costs.

Hello @dlttrading, thank you so much for the offers, I will definitely need help meeting people in a similar position. With regards to banking I will have open a business bank account as I receive payments from Apple and Google so I would need a SWIFT code and I am not sure whether EMI's would...

@GrumpyMess I want to be more flexible and I am pursuing a nomad lifestyle for the next few years, so staying more than 183 days in a country won't be possible.

Now it makes sense, I was indeed missing that piece, thanks for clarifying. I won't mess with it and just go with your going local suggestion.

Thanks for taking the time to answer me @Sols. So I guess I am missing something, to my understanding any foreign income is not taxed in Cyprus regardless of ownership, so I don't understand why I would need to appoint directors in HK. Can you please clarify? In addition, I am kind of flexible...

@mange38 I am not sure if I understand your question. It is going to be a HK Offshore company, so I assume residence is HK? My business is 100% online and I don't plan to setup an office in HK. Personally I will be tax resident in Cyprus.

Hi, I have a high tax European passport and I will move to Cyprus to take advantage of the non-dom tax regime. I develop my own iOS/Android apps so my income (about 70k a year) is coming from both Apple and Admob/Google. Important fact here is that Admob/Google forces both the company and bank...

Thank you for the quick answer @rowena. Do you know whether the same is true for ad revenue from admob?

@rowena I also have an iOS app business and I am planning to move my business to BVI, however as far as I understand from reading the forums Apple/Admob will withhold 30% taxes as these tax havens countries don't have a treaty with the US. UAE does not have a treaty either, so I wonder how are...