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Question 200k a year in sales, where to go?

satoshim

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May 20, 2022
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So it goes like this: An end customer company selling products worldwide, mainly US, EU and UAE. Assembled from parts imported world wide but mainly from China and the US. I am now flying lean and I assemble and ship out by myself so I can't operate the business remotely as if I were a drop shipper. I am currently operating inside of the EU under a weird regime where you pay a flat tax and you are pretty much done. I have lived almost tax free for 15 years but the game has changed now as I am supposed to pay VAT (where before I didn't). Additionally the regime is not very stable, they could require you to exit retroactively the last 4 years... and that can be very expensive. With the current situation of EU it might be time for me to leave the current country I am in.

I've read "Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes" and while it is a nice strategy it involves accumulating real estate and I don't want to accumulate property in EU.... so... any recommended strategy?
200k in sales dones't provide a lot of scale so I need a simple plan. Estonia might be good but the lifestyle there seems horrible. If I ship from outside EU I can save the VAT which is from 15k€ to 20K€ per year, customers could pay VAT in their customs but you know... hi%#

It is also important to have a good connection so DHL, FedEX or UPS can pick the shipments at the warehouse. Customers need fast deliveries for this particular need. That is one of the reasons I discard going down to Andorra.

Having to import parts and ship every sale is hard tax-wise.
 
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You want to relocate to the Bahamas, Switzerland, Bulgaria or Andorra if you want to be tax free or pay the lowest possible tax. They have all been discussed here a lot of times already.

Hope it can inspire you.
 
If you consider Switzerland you have to plan very well, e.g. in the canton of Zurich you will easily pay the same or even higher CIT and PIT than in Germany. The cost of living is three times as high.
 
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