Recent content by realdealbusiness

The math is really simple. 12.5% tax and some peanuts (max.3000€) on dividends and social security contributions if I decide to stay less than 6 months. That's about it. I already talked to many accountants here. Sure I would make more profit if I go to a no-tax country but it's not just about...

Thanks everyone. I decided to stay in Cyprus for now. My approach will be to build a legit company in Cyprus with substance (employees, office, substance, local directors) first, pay the damn taxes here and once everything works without me, I will re-consider if I stay or leave.

Thanks everyone. I need to visit Monaco at some point to get an idea of the place. Same for Georgia, but it seems like nobody recommends it for the long-term, so that will probably not work. I decided to stay in Cyprus for now, to build my new company properly here with local substance, meaning...

Agreed. So back to the question: What's the best *place to relocate longterm? *while not getting tax resident of another place

Let me clarify, Georgia is the best option I could find when we speak about ease of getting a tax residence. I know I created this thread heavily focussing on Georgia, because I wanted to find some things out before even considering it. I agree with you, one needs to visit countries first before...

budget is high. really looking for the best. quality > quantity. I'd rather spend more and be in a business friendly country with ease of doing business rather than ending up in a shithole.

Cutting ties with my home country: No problem, that does not even take me a day. In fact I already cut ties with my HT birth country a long while ago. Of course I want to keep everything fully legal. That's why I opened this thread. Basically I want to find out advantages / disadvantages of...

Yes, I agree. That's why I want at least one solid home base so that I am safe in case someone starts asking questions. I heard from many tax consultants that they believe it's better to have a proper tax residence where you declare your income just to be on the safe side.

Hi, I read online that you can attain a Georgian HNWI status by showing that you earned 200.000 GEL+ (~$63k USD) annual income in any of the three previous years prior to the year of submitting your application. Or you just stay there 183+ days a year. The main benefit of an HNWI in Georgia: -...

I meant Saigon instead of Seoul* ... lol TLDR: The choice is up to you. Just decide whether you go all in from the start or not. The location only matters once it you need local talent or serious VC funding. Always be ready & stay flexible to adjust if needed. Base your decision on the success...

Thanks everyone. So as per all of your contributions, let me get this down to what we learned here. Conclusion: The chosen location depends on multiple factors such as taxes, talent, approach, the business model itself, where to get investments, strategy, your own preferences (weather...

helps a lot, thank you so much. which of those highly reputable FZs would you choose for ease of doing business & which is the cheapest of them?

I do not want to sound negative to you but if I were a taxman, I would be highly suspicous if the company on the small island with only a handful of people there making 90% of the revenue, while propably 100s of employees on the mainland do the real work & decision-making. I feel like this works...

Thanks, this is a very valuable comment because you already worked in such projects. 1) Which jurisdictions would you choose from your personal experience? 2) Do you have experience in working in such an environment fully remotely (from one of the usual low-tax jurisdictions like Cyprus...

This would not work. As Martin described in that thread, it is a trap...How do you want to be in the midst of startups with your setup and team (Lisbon) when all employees have to legally reside in Madeira.