Recent content by financenick

it’s definitely an option I am considering. It would make many things easier, especially most things tax and legal related, which I could mostly do myself then or with the help of friends (I used to have companies in Germany for certain things before). Not sure if there would be any tax...

Passport is German. Country of residence is Thailand. Purpose of the company is to sell goods in Germany online (no import into Germany—goods will be produced in Germany and sold there. Only management will be abroad with me)

Is there any good country where you can register a company completely remotely so I don't have to travel there? Even better would be in the EU, and even more better would be a business bank account too. Any recommendations?

If he's doing the classical dropshipping model where suppliers typically come from China (AliExpress etc.) then you're right. Some people do stuff like on-demand printing (merch or art), and this can be sourced locally (you wouldn't save much by printing in China, and the product to print on...

The key feature of dropshipping is that you theoretically never have any inventory. The moment your customer places an order, your supplier ships it to him directly. I write “theoretically” because returns would go to you, since you’re the seller. I’m don’t understand why that would be the...

Dropshipping still means that you buy from a supplier and then sell the goods to your customer. The only difference is that (1) both transactions (purchase from supplier + sale to customer) happen in the same moment, so that (2) you’ll never physically have to hold the inventory but your...

Question to everyone suggesting UK Ltd: Since Brexit, wouldn’t such setup lead to import duties every time he sells something? He’s talking about dropshipping, so his UK company would sell goods to EU customers.

Yes, as I wrote above: it’s nonsense to worry about this unless you’re planning to do dodgy things or get otherwise involved with the wrong people. What foreign retirees should worry about is: (1) having enough money, especially for health insurance/healthcare; (2) getting a proper long term...

Thanks. A UK Ltd wouldn't work due to Brexit though, right? I believe every sales transaction would probably trigger import duties then (because it's a UK company selling in the EU market). Any ideas on the cost these options would take, before I look further into it? I really just wanna try...

Yes, I am.

Nothing to worry about. Thailand is one of the safest and loveliest countries you can imagine, especially if you're wealthy. You won't be able to enjoy free speech like back home, and you better not wanna get involved with police or justice system or into a fight with locals. It's not as bad as...

I want to try some side hustles and am looking for advice where and how to set up a company to sell goods in the EU and US markets. But I would like to stay anonymous from the general public. Some basic privacy would be enough though, i.e. I only want to be anonymous from the general public...