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...
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?
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...
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...
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...
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...
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...
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...
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...
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?
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...
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...
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?