Dear members,
I was hoping to get some advice / feedback for company setup.
I currently reside in Japan and am planning to set up a company in Singapore, then pay any after tax profits to myself in Japan via dividends then pay appropriate dividend income tax in Japan.
The business idea is to create a market place for digital contents which facilitate direct-to-fan transactions between content creators and fans.
1. As I understand, I will have to collect VAT tax from the fans that purchase the contents based on the location of the purchaser then remit this to each country. This seems like quite a burdening process considering both expected users (creators and fans) are located across the world. Is there an existing third party service I can integrate to automate this process?
2. Are there any other taxes I will need to worry about besides VAT, tax on profits made by the platform (which will be % of revenues made by the creators), tax on dividends paid to myself from the company
Any other advice for factors to consider from the infrastructure perspective?
Thank you very much in advance!
I was hoping to get some advice / feedback for company setup.
I currently reside in Japan and am planning to set up a company in Singapore, then pay any after tax profits to myself in Japan via dividends then pay appropriate dividend income tax in Japan.
The business idea is to create a market place for digital contents which facilitate direct-to-fan transactions between content creators and fans.
1. As I understand, I will have to collect VAT tax from the fans that purchase the contents based on the location of the purchaser then remit this to each country. This seems like quite a burdening process considering both expected users (creators and fans) are located across the world. Is there an existing third party service I can integrate to automate this process?
2. Are there any other taxes I will need to worry about besides VAT, tax on profits made by the platform (which will be % of revenues made by the creators), tax on dividends paid to myself from the company
Any other advice for factors to consider from the infrastructure perspective?
Thank you very much in advance!
