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Recent content by megaverseman

  1. M

    Best setup for a royalty income company

    Hmm, I see what you mean, I actually thought the same before reading that info on those sites... Feel free to PM me!
  2. M

    Best setup for a royalty income company

    So in the worst case scenario I would get taxed again at 5% and pay Greek social security. But double tax treaties have to apply to individuals too, I've already made use of one as an individual receiving royalty income. Also, I didn't think of that on my own, making use of the double tax...
  3. M

    Best setup for a royalty income company

    Hmm,where am I wrong? I would declare it in Greece as dividends from foreign company and write how much tax was paid for in Cyprus. There is a double tax treaty that only allows for Greece to tax me the difference so I'll either pay the difference until it reaches 5% (What Greece taxes...
  4. M

    Best setup for a royalty income company

    Hmm, so that means that if I could establish "substance" for my Cypriot company, I could stay in Greece and receive dividends. Due to the Cyprus-Greece tax treaty, Greece would not be able to tax my dividends, since they would have already been taxed in Cyprus (12.5% CIT). This scenario would...
  5. M

    Best setup for a royalty income company

    Hmm, seems risky, even with a virtual office, if I still live in Greece and manage the company here, won't the Estonian company be considered a tax resident of Greece?
  6. M

    Best setup for a royalty income company

    Yeah, year 1 will definitely be in Greece as a sole proprietorship (There are some new tax incentives for incomes less than 30k.) I've only studied Cyprus so far as I have some relatives there that might be able to help. Should give Portugal and Estonia a look, though I imagine the rent costs...
  7. M

    Best setup for a royalty income company

    True, I might be jumping the gun a bit here. Nevertheless, I do love to plan ahead and know all my options... So I'm open to any advice! ;)
  8. M

    Best setup for a royalty income company

    Hello! I've signed a contract with a publisher company to sell my software worldwide and I'll be earning royalties from their sales. I want to keep developing software so I'll need to incorporate down the road. My earnings will start low (20k-30k) but with scaling up development, they could...