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Recent content by DaveFischer

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    Costs of maintaining unused companies

    I'm planning to use a corporation to work as a freelancer in Southeast Asia for the next 3-5 years. I'm earning good money (~$200k-250k yearly), but my goal is to invest the money and to put the money away for retirement while deferring taxation. Many accountants will charge $200 monthly and I...
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    Would obtaining a second passport help me in saving taxes?

    My father is Turkish and my mother is German. I only have German citizenship and I'm planning permanently leaving the EU and live in Southeast Asia. Would requesting Turkish citizenship help me in any way for saving taxes in the future?
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    Can I use a personal bank account to get paid for my corporation?

    Sometimes it can be very hard to open a corporate bank account and I can easily open a personal N26 or Transferwise bank account to get paid in. I live in Southeast Asia, but I'm still officially registered as a tax citizen in Europe, which will change soon. I have an income of $18k monthly...
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    What happens to the offshore corporate bank account when the corporation ceases to exist?

    I used to live in the United Kingdom and operated through a Limited company. When moving back to my home country in Northern Europe, my accountant suggested we should close down the company. My accountant didn't inform me to empty the bank account and I just assumed I could still withdraw the...
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    Things to do before telling my EU-country I am emigrating?

    I have already decided that I do these things before officially emigrating from Northern Europe to Southeast Asia: Open a N26 bank account Open a Transferwise bank account Request Estonian e-identity Any other things that I should do now, while I'm still officially a citizen and tax resident...
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    Do I have to pay corporation/dividend taxes to Estonia if I pay myself a salary while living in the Philippines?

    Yes, but you can decide yourself if you pay yourself as a board member or an employee. "The first thing you need to know is what salary you are going to assign yourself, board member salary (director of the company or administrator), employee salary (employee), or both." Source: Your Company In...
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    Do I have to pay corporation/dividend taxes to Estonia if I pay myself a salary while living in the Philippines?

    In that case, can I not just open a second company in Belize. Then afterwards invoice my Estonian company for all services through the Belize company? The primary reason for the Estonian company is having a EU business bank account and easily being able to do freelance assignments for European...
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    Why is it better to live in Dubai/Monaco than in Thailand/Philippines for tax reasons?

    Dubai and Monaco have extremely low taxes for everything. Thailand and Philippines have 0 taxes on foreign sourced income. Doesn't that mean that almost always for tech entrepreneurs, real estate entrepreneurs or even sports superstars, both countries almost wouldn't charge you any taxes on...
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    Do I have to pay corporation/dividend taxes to Estonia if I pay myself a salary while living in the Philippines?

    There wouldn't be any profits if I would pay myself a salary? A salary is an expense... so this would lower the profits to 0.
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    Do I have to pay corporation/dividend taxes to Estonia if I pay myself a salary while living in the Philippines?

    Why would I pay taxes on my salary to the Estonian government, when I live in the Philippines and am liable to personal income tax there? The Estonian company will not have run any profit, because salaries are expenses. So I live and travel in Southeast Asia and I do freelance work for European...
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    Do I have to pay corporation/dividend taxes to Estonia if I pay myself a salary while living in the Philippines?

    You can easily set-up a company in Estonia. The Philippines do not charge foreign residents taxes for income from overseas. Since salaries are expenses, that means the Estonian company isn't making any profits and I wouldn't have to pay any taxes?
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    Incorporating in Belize seems great, but what if European customers don't like it?

    Would it be a problem if I use the Belize company to send invoices and get paid on a EU bank account? I can just use a European postal address for a Belize company and they won't see where the company is registered. Although I wouldn't have a EU VAT number. I don't know if that's important when...
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    Incorporating in Belize seems great, but what if European customers don't like it?

    Is it possible to have a European company to use for sending invoices while keeping the Belize tax advantages? Some clients aren't going to be happy doing business with companies incorporated in Belize. I liked the solution presented on nomadlist.com, but I'm not from the United States and...
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    Personal and corporate bank accounts in Singapore

    If you already have a personal bank account, it could be possible to remotely open a bank account for an offshore company. Is that what you're saying?
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    Personal and corporate bank accounts in Singapore

    If I wish to open a personal Singapore offshore bank account, do I have to fly back to Singapore later to open a corporate bank account? I am planning to incorporate an offshore company in the future. Do most people both have a personal and corporate bank account in Singapore?
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