Recent content by techtrader

Can you PM the solution, thanks.

Did you use nominees?

Yes but it still has limitation of 2000 euro for withdrawal.

Ugh thanks admin! What would we do without you! :D

Are they legit? How long are they in business? I need a reliable agent. With reliable nominee/shareholder service.

Segpay???

Worse than HK?

Even if you pay tax in Hungary there still benefits to such setup... you aren't in public registry and you don't have to pay yourself a salary. Probably no accountant also. And you will have to pay tax on dividends if you incorporate in Cyprus, Nevis, BVI or whatever. Also about DTA(Double Tax...

From January 1, 2010 a foreign company which either (i) has a beneficial owner who is a Hungarian tax resident private individual holding a ten percent interest during the majority of the tax year or (ii) derives the majority of its income from Hungarian sources, will be treated as a CFC...

No you can't. So if a Delaware/Wyoming company would sell to customer in Texas or Florida it would not pay any federal income tax? Too good to be true.

If you resident of Hungary and have virtual office and nominees in other countries...

Yes but problem is CFC rules and effective control & management.

How to tackle this? Many countries have this in their tax code. Can it be done with nominees and real office?

I think it's impossible with nominees unless you get his ID. But if you are legit with papers I don't see why not.

You have to open paypal account where you live not where your business is. This was confirmed by Paypal staff.