Recent content by netizen

Ok, yea I understand that the tax has to be paid where the owner is resident. However, my question was slightly different. Let's say the owner lives in a county like Dubai where there is no income tax, or low income tax like Singapore (and pays the owed income tax), would the profit...

Hi folks, I am looking into pass-through single member US LLC. There are tons of info on this platform about it, but I don't see anything mentioned about profit accumulation. Can the LLC accumulate the profit, or does it have to be passed to the owner 100% at the end of the year? Or is there an...

Yea exit tax really sucks if you have a company in Germany and want to leave later.

Thank you. Having view access to bank account is a good idea. I will also try to find if being co-signatuary for transactions exceeding certain amount is possible and acceptable from compliance point of view.

Thanks. I already have list of formation services. Only issue is that they mainly focus on formation only. Especially, nothing around hiring a local director and issues related to it. I admit tax is major motivation, but I am also looking to hire few people in the future, so having access to...

Thanks, @uplana, I already have list of formation services. Only issue is that they mainly focus on formation only. Especially, hiring a local director and issues related to it. I admit tax is major motivation, but I am also looking to hire few people in the future, so having access to...

Hi everyone, I have been researching quite a bit about Romania. Here is my idea, though still have one issue that is not clear to me. - I plan to setup a company in Romania. I will be director initially. - I will hire at least one employee (might hire more later) and also make her/him director...

Thanks everyone for your inputs. I really appreciate it. Looks like digital nomad is a bit narrow word, remote worker might be a better term. What I am actually looking for is someone who has registered address outside EU. As far as I understand, Romania allows director from other EU...

Thank you Sols for your input. I guess you are right about permanent establishment. I researched a bit and having a dedicated/real office is not an issue, I will rent a small real office with rental contract. I am also planning to hire an employee, I am just not sure if I will find a suitable...

Hi folks, I have the following situation. I, UBO live in high tax country. I am planning to open micro company in Romania and benefit from 1-3% tax on revenue and hire a director. Furthermore, I would prefer to make the company fully remote, so the director would be either digital nomad or...