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#22
plotoffshore said:
You're correct, I'm moving to a different country, considering Monaco as it was mentioned in another thread here today. Don't know how complicated it is, else I find a different country.
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Wait, what? You were looking for a low-cost setup (25k), now you want to move to Monaco?
You know that you will need a couple million just to be able to move there?

There are a couple of threads about this, for example:

Gediminas

Thread 'Obtaining tax residency in Monaco'

Dear readers,

I would like to share some information about the tax residency of Monaco, its do's and don'ts.

First of all, you should ask yourself - can I afford it and is it for me?

  • Very expensive real estate and rentals. The cheapest options are small studios, which, sometimes, isn't big enough for 1 person. This is the most crucial part of your application for the tax residency. If you want to have a safe bet - buy it, so they will clearly see your connection with the Monaco and willingness to stay. 1 bedroom apartment costs will start from 1,5m EUR and if you have a family...
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baltic7

Thread 'Residence in Monaco + US LLC'

Hello to all members of the forum.

I hope I've chosen the right section to write this thread, but being a combination of residency + business setup I'm not entirely sure.

I put my situation in context.

I have had a company in Estonia for 2 years. The company is dedicated to online services. I use Stripe as payment gateways to charge my customers.

Last year I paid more than 600k euros in taxes in Estonia when distributing my dividends, and the first year more than 400k euros. This year, according to the forecast, the taxes will exceed 1M euros.

I want to move to Monaco, because...
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Long story short - it's not cheap. Monaco basically also doesn't have any tax treaties, so if your home country has any claim against you, your Monaco residency won't help you.
There are many cheaper options.
 
#25
Helpdub said:
I've set up several low cost setups outside the ER in the UAE.

Essentially you would just form an LLC here and upstream and divedends from a EU holding company.

Alternatively the funds can be received directly to Dubai from the EU as well.
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why several? what business are you into?
 
#28
aniglo22 said:
TLDR ( like 90% of threads here ) :
If you don't like Swedish tax then leave Sweden .
If you like to live in Sweden then be prepared to pay taxes .
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I agree, if you don’t like the taxation, then leave the country.
Sweden isn’t even the worst Scandinavian country when it comes to taxes.
 
#29
Martin Everson said:
For 25k you can get a second residency and do everything local within that second tax friendly country and keep things separate from your home country. You won't need to worry about economic substance when you take this approach.
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So does that mean you move to another country but keep your current address and residence, while becoming tax resident in the new country? Is that how it’s supposed to work?

And what do the tax authorities in your home country say about that?
 
#30
Propeller said:
So does that mean you move to another country but keep your current address and residence, while becoming tax resident in the new country? Is that how it’s supposed to work?

And what do the tax authorities in your home country say about that?
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It is as I said below. You need to look at your specific tax code to see how work performed overseas is treated. It's very country specific.

Martin Everson said:
If you tell them about the second residency then absolutely not unfortunately. But a lot of people have been doing this for a while especially with other countries where the cost of living and local corporate setup/tax rate makes economic sense.

But be assured this will land you in hot water if discovered. So it requires examining your tax code for treatment of duties performed overseas while resident etc and doing it all properly under professional tax advice.
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#32
Propeller said:
ahh okay, Sweden, will have to check if I can figure out.
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https://www.skatteverket.se/service...sworkingabroad.4.7be5268414bea064694c568.html​


---- quote start

Swedish residents working abroad for at least six months​

If you are resident in Sweden and work abroad for at least six months, this employment income is exempt from Swedish income tax if:

  • The income is taxed in the working country under its domestic tax laws and applicable tax treaties, and
  • you do not spend more than six days per month, or a maximum of 72 days per 12-month period, in Sweden.
Remember that when counting up stay in Sweden, part of a day counts as a full day.

Your income from employment when working abroad will normally be taxed in Sweden if the conditions above are not fulfilled. This exemption rule does not apply if you work on a ship or a Swedish, Danish or Norwegian aircraft.

----quote end
 
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#33
Does it mean propeller can work and earn money tax free if he stays out of Sweden for at least 6 months ?`I can read and I read it like this but sounds realy easy.
 
#34
sebastian said:
Does it mean propeller can work and earn money tax free if he stays out of Sweden for at least 6 months ?`I can read and I read it like this but sounds realy easy.
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That's how it reads to me also and that is the Swedish tax agency website saying that. The important part is...

"The income is taxed in the working country under its domestic tax laws and applicable tax treaties"
 
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#35
If someone live and works in the UAE more than 6 months and trade personal it could work out to be 0% - that's very good if you are a Swedish citizen.
 
#37
maxmoney said:
Why should it be higher than the 11.8%? As long as corporate tax is being paid, it should be fine, or is there something I’m missing?
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Low taxation threshold .
The net income of a foreign legal person is considered low-taxed if any of the following criteria are met (Chapter 39 a Section 5, first paragraph IL):

  • it is not taxed at all
  • the taxation that occurs is less lenient than the one that would have been made in Sweden if 55 per cent of the net income constituted surplus of business activities for a Swedish limited company that conducts similar activities in Sweden.
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With a Swedish corporate tax rate of 20.6 percent, the main rule implies a tax rate of 11.33 percent (0.55 x 0.206).
 
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