Recent content by Sulo88

Thanks for some feedback! I just started process of forming HK company. BTW, Do you know if any HK bank gives you business loan if you apply for tax exemption? Doesn't seem to be case according to my accountant... They basically assume that any service from Amazon was delivered to Slovakia...

Seems interesting. Thought not sure what business model you have. For me as I checked, Gibraltar would not be a good option. I need some established and well known country, just like HK because I need to use Stripe, Paypal, Amazon, Shopify for all my payments and orders and most of them will not...

Thanks! Will definitely look into this option!

It wouldn't eliminate VAT as it is paid for service (advertising) I buy from amazon and facebook. But sounds like interesting idea. Do you mean I would get paid to slovakian company from shopify and amazon and then transfer these payment to Belize as "expense" so it wouldn't be taxed? It could...

It's not for actual sales but for services provided. E.g. I order $1000 worth of ads on amazon or facebook and because of it I have to pay on top of that $200 extra in VAT to government.

Thanks! Thats actually helpful information. After you get tax exempt approved, and you paid taxes in HK, are you eligible for tax return?

Hey Everyone! I have incorporated company currently in Slovakia (EU) and sell sporting goods through amazon.com FBA (in USA) and our own website through shopify (USA). All our customers are in USA and so all our payments are going from there. We buy all goods from China. We are getting taxed...