Recent content by ITexpert7

It's a small amount, I never had any problem in the UK, but you could break it into 2 transfers, and use an intermediary like Wise.com. In the UK I sold a car etc every year for big amounts and never had any questions asked, except from a bank cashier when adding (or taking) big amounts of cash...

LLC example at the bottom: https://www.fresh-portugal.com/blog/why-should-you-get-tax-advice-before-coming-to-portugal

Why would anyone set ups in well known tax dodge blacklisted islands, when you can have an US LLC and then move to Portugal and pay 0% in the US and 0% in Portugal under their NHR. That's what I've been advised, I wish I knew this 2-3 years ago! My Gibraltar advisor told me last year that I...

I looked into Gibraltar, I was told about high living costs (property super expensive as it's a tiny place), and also was told it's only low(ish) tax if you have over £2 million net worth. I recommend Portugal, much cheaper, and 0% tax on dividends from foreign companies (terms & conditions...

I thought Malaysia has territorial taxation only? So if you earn money abroad, you wouldn't pay tax in Malaysia?

I live in Portugal. The houses that are so cheap are either ruins in far away areas or on top of a mountain in some tiny village where no-one wants to live. Almost certainly not inhabitable. In these remote areas, it's very cold in the winter and very hot in the summer, nobody speaks English and...

I assumed you would someone else as Director, friend/relative. Luckily we don't have this problem in the UK. How much is the "Dividend withdrawal tax"?

Well, if your revenue is under 70k why on earth would you do offshore company, that probably cost 5k a year to run? Also the poster tedb said his turnover is 200k.

My thoughts (I'm in a similar position and done a lot of research): I think you need a specialist Spanish advisor to consult for the Spanish CFC rules. I asked a couple of advisors in Spain as I would like to move there (property much cheaper and much closer to the sea than Algarve, Portugal...

How much is the Corporation tax (and any dividend withholding tax) for an Estonian company set up like you want to do?