Recent content by totoro

As far as I understood, 1M regards active earnings per year. F/X case is particular because there are capital gains that are basically seen as active income in the last quarter of the year. But if it's capital accumulated over years, I don't think there is any limit.

When I spoke to Romanian accountants, they said that F/X does not count as regular income (requires quarterly statements), but the net gains for the whole year constitute a tax base in the last quarter of the fiscal year. So, as far I understood, you need to keep the same 1M/year limit even if...

Some service providers ranking on the 1st page of Google actually have outdated info, e.g. 20% management consulting fees, which was removed from the law, or even the 65,000 threshold instead of 1,000,000. The most recent article I've managed to find so far: Micro-Enterprise in Romania: 1%...

Sorry, I will read it ;)

IMHO Estonia is convenient when you just start and plan to reinvest the undistributed income for further growth. If you want to live on that, 20% CIT is not that attractive. It was called Bosco Conference if not mistaken. The presentation was made by Mag. Johannes Schwarz.

I referred to the fact that the Italian founder lives in Russia. In case of Italy yes, it's hardly monitored, and ddt need to be analysed.

Saw this structure at one conference. Anyone tried it out? The idea is: Malta for 5% effective CIT; Slovakia for 0% dividend distribution.

You can try the Bulgaria option: company is taxed based on its place of registration, which is Bulgaria, and it's 10% CIT + variable salary/dividends tax, but also not so high. Maintenance is cheap,

You need to check the DTA between the UK and Cyprus. They overrule local regulations. Normally non-domicile tax residents of Cyprus are supposed to be tax-exempt on dividends for the first 17 years...