Recent content by Conte Ugolino

That I needed a laywer not a tax person so I had to sell the activity before it started to raise questions.

@EliasIT, I know there's no such thing as free lunch. I went for my setup due to the long game and my friend went for his setup due to just Estonia having everything online and way cheaper management ( at least thats what I remember, as having the GmbH in Germany was 25k of capital locked...

The local manager in the company in Kosovo has a salary and he's like a CEO. I havent yet distributed any dividents or so. Thanks for this information, seems I had a few misconceptions regarding this topic, and will consult my steuerberater (tax person) about this.

I think there is a misunderstanding (or a misinterpretation ): - I will ask my friend but afaik the Estonian company technically is in Estonia, he has an e-residency and corporate tax is paid in Estonia. So there's 22% dividend taxes so if let's say he has 100k of profits, he'd pay 22k to the...

He chose Estonia because of Xolo, everything is online and convenient I chose Kosovo because a GmbH would be too much paperwork for me and I'm completely allowed to build a company elsewhere and hire people (also I'm thinking to move there in the future ) No one is saving anything meaningful in...

So I have this LTD somewhere in the Balkans doing software and a friend of mine has a similar service with an Estonian setup. We used to work together and we trust each other's work. Sometimes I would outsource stuff to him and sometimes he would outsource stuff to me depending on the volume of...

On a side note,since you said Europe and not EU explicitly, Albania has a 0% corp tax until 2029. You'd need an accountant there to handle the paperwork ( around 500 euros a year and city tax of 1k a year ) but otherwise, you can set that up there and every service is electronic ( Estonia style ).

@Tepesch I did check up with my accountant there and apparently for less than 144k euros a year, until 2029 you'll have 0% corp tax for LLCs in Albania ( operational costs are around 1k a year in city taxes but to the goverment itself its 0 for less than 144k euros until 2029 with the usual 8%...

@wellington, sorry if my statement sounded misleading. What I meant is that drug money, direct money from drug selling activities is put into duffel bags and channeled to the West Balkans. We're not talking about fancy tax avoidance operations, it's direct cash being used to buy properties or to...

5% for tech is for sole traders and it's capped at around 120k revenue (not income/profit!) , you make more than that you start paying ~15% in taxes right away. LLC equivalent ( SHPK or SHA ) is either 15 or 25% ( not sure at this moment as Kosova has it 15% and they wanted to catch up )

I heard this same line of thinking from the last episode of "All In", a podcast I kinda like that has the finger on the pulse on macro. Logic was almost word for word what you mentioned here.

A few points on this: - This law is being discussed and hasn't been passed. I assume the 0 tax was just to lure business as a start but they don't have the guts to pass it now, especially during election times. On a side note, as I mentioned, no one is really gonna check if you have money in a...

As the tittle says, I see great potential in the tool, especially if you ask it to "Act as an analysit / investor / CTO do [TASK] "

because of money laundering ofc, the same as in North Macedonia, Albania (wild west there) and Montenegro

he's probably running away in Israel by now as well