Recent content by Offct

For those of you, who are interested in how exactly the report with the publicly available information looks like, here is an official sample: https://www.tis.bizfile.gov.sg/ngbtisinternet/productsamples/I003.pdf

Thanks for the link, I was actually not aware of the fact, that only Youtube income is considered a royalty. Btw, MENA also belongs to Google Ireland and not Singapore.

The Estonian OÜ is by default tax resident and you can easily issue the tax certificate online. However, it would still fail a proper investigation due to the lack of substance, and even with some minimal substance it still could be considered treaty shopping. My initial idea (independent of...

I would also recommend an anonymous US LLC. The Economic Nexus in the US does not distinguish between US and non-US entities. Therefore, you could also be liable to sales taxes in the US with a Dubai company (Enforcement is a different topic). You mentioned that you provide digital services...

Wireguard does not need many resources, therefore the costs should be neglectable. I would not use a low-cost hoster if you rely on the dedicated IP, uptime can be crucial. Also, keep in mind that you are renting the IP from the hoster and that it is nearly impossible to take your IP with you...

I was thinking about a virtual zone company in Georgia, which is owned by a Singaporean entity - but this is mainly due to experiences with those countries and entities. It could be tricky to get the solution accepted for the VZ status in Georgia, but I know that software licensing, even, if it...

Are you familiar with their pricing structures? I could find some, however, the ones I saw positioned themselves more like media/publishing houses, with relatively high entry barriers. Yep, KEMA would be the idea, at least the way to distribute the funds. Of course, the GEMA with its monopoly...

In the music industry, for example, it is pretty much industry standard to have a copyright collective and/or a label in the value chain. While they are not for tax-saving purposes, they in fact can save taxes. As an example, a strong copyright collective is the German GEMA (a...

I have no experience with US royalties or royalties in general, but I’m curious why there aren’t service provider focused on solving the withholding tax issues faced by digital nomads and anybody who would be subject to WHT in general. How could such a solution look like? - Create a legal...

A VPN is mainly for security reasons, static IPs have the huge benefit that you can easily secure web applications by whitelisting only certain IPs. This is the easiest way to have a relatively secure solution with minimum effort. The anonymity and privacy topic is a whole different discussion...

If the above-mentioned process is too technical, several VPS providers have VPN images (one-click installation). You will by default get the static IP from the VPS. Vultr: https://www.vultr.com/marketplace/apps/wireguard/ Linode (Akamai)...

If it has to be close to Europe, I would recommend having a look at Georgia: + 1% tax on revenue up to 500,000 GEL p.a. (around 160,000€) + crypto-friendly + quite affordable + good food and wine (personal opinion) + not too bureaucratic (easy visa/residence process) + 4 seasons & great nature...

As mentioned by others, as long as you are in control (directly or indirectly), you will be subject to CFC. An alternative to Gibraltar might also be Andorra (Barcelona is around 2 hours from there, especially if you like mountains, it is not a bad place). I don't know what amounts we are...

This would be subject to discussion, but that was the opinion of a local accountant. Airwallex Singapore is your contract partner when opening an account with your Singaporean entity. As I remember, it was not about using the SGD or USD accounts, since you are opening the account with Airwallex...

Yes, it is nothing new and is discussed in many posts. However, as mentioned in an earlier answer, the setup is not easy. "Foreign sourced dividends, branch profits, and services income is exempt from Singaporean tax if not remitted into Singapore." Source...