Recent content by Limelight

Have you confirmed that simply having sufficient funds to support yourself, and wishing to live in Slovenia "just because you can" as an EU citizen is not enough of a reason to be there? I know it works that way in some other EU countries. On their site it says: "Reasons for the issue of a...

Consulting is still there IIRC, but services is possible. Edit: To benefit from these, the following are applicable: it obtains its sources of income from activities other than banking, insurance or gambling; it has sources of income, other than in consulting and management in over 80% of...

I decided to go for a Romanian micro-company instead, even though I'd rather live in Georgia... it's just easier to set up in this case, 6-8% tax and done. The advance ruling is very interesting though - maybe you could pool funds together? I'm sure more people are interested in this - like...

Would an advance tax ruling mitigate a situation like this? IIRC @JustAnotherNomad mentioned that they were in the range of $2K in Georgia, which wouldn't be a bad idea?

Thanks a lot! Someone was fearmongering about corruption in another thread, so it's good to know that everything is working out for you :D Just to clarify that last bit - It's impossible to receive any payments until I visit the country in person to set up the bank account, right?

Hey @Mr Magoo how has your experience been with the Romanian company so far? I'm looking into opening one as well. Any reliable accountants/agents you can recommend from experience? Or it doesn't matter which lawyer firm you use to register, because it's mostly hands-off from there on? Any...

What's the current situation with Georgian FIZ (free industrial zone) companies? From what I understand, it's still possible to establish a tax-free company in Georgia for a flat fee of €3-5K/year + maintenance expenses? According to the English translation of the FIZ legislation, I should be...

Yeah that's important bit - knowing the risks and what the potential worst-case scenario is. And how to mitigate all of that. I'm a nomad as well, not forever, but I plan to be for the next 3-5 years. The whole reason for starting this thread is that I might have a six-figure web asset sale...

We all have to start learning somewhere, right? :p Which setup did you end up going with for your company/residency, if you don't mind me asking? Your info is on point and you've obviously done your research.

If they caught that and you failed to prove that the company is not being managed from Georgia, they'd just treat it as a Georgian company and tax the dividends as such, no? Either the 5% dividend tax, or 15% corporate income tax, but either way it's not that bad of a worst case scenario. But...

Actually maybe no tax lawyer needed for this particular question, it's pretty clear what their stance would be from the document you linked to: "For the purposes of this Section, Georgian source income shall be [...] income earned from the delivery of services in Georgia. For this purpose...

Thanks for the info, you kinda nailed it because my income is "passive" since it's generated by a website, but of course I'm still putting in work in managing that website. I'll take your advice and consult. Looked up my country's tax rules and it should be doable. I'll consult with a lawyer...

Even considering the worst-case scenario (e.g. Ukraine 2014) it shouldn't be too bad if you don't keep too much money in Georgian banks, right? I mean, if things really start looking like SHTF is about to happen, he can just cash out, pack up and leave, no? Need to keep the finger on the pulse...

Hey everyone, just looking for options to optimize my taxes legally. I'm sure there are others in a similar situation, so maybe this helps someone. My situation: Solo affiliate marketer, most income comes from US, some from Europe (mostly Amazon) EU passport holder Currently putting all money...

Why is that? Besides the Russian threat, is there anything to be worried about?