Hello there if you open a company in Estonia with the program of e-residency is it possible avoid the " tax inversion " in the different place of fiscal residence ?
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E- residency avoid tax inversion
- Thread starter Anonimo69
- Start date
E-residency doesn't mean anything except that you are pre-KYC'd which can sometimes make opening bank account and forming a company in Estonia easier. It has no bearing on actual, physical tax residency.
Unfortunately it's not a way to avoid to pay taxes locally. For some year ago we had this discussion already here on the forum, at this time it was poisslbe to use the e-residenct as an advantage to open bank accounts and a company, today it's a waste of time.
It is valid also if I travel a lot and I do not do any type of contract in my country of residence like the phone bill / electricity / rent ecc.. in this case do I have still to pay here the tax too ,is it less traceable ?
No, it's an e-residency, not an actual residency. You need actual residency if you want to do things involving taxes.
E-residency in Estonia has been discussed here a lot of times, you want to have a read here:
www.offshorecorptalk.com
www.offshorecorptalk.com
www.offshorecorptalk.com
And the biggest thread for years ago:
www.offshorecorptalk.com
Estonia E-Residence
Does anyone know a bank that can open a bank account for an Estonia e-resident, remotely?
www.offshorecorptalk.com
Estonia announces Holvi stops onboarding E-Residents by end of year
What looks like a major blow to E-Resident banking is the announcement in the latest E-Resident newsletter by Estonia that Holvi will stop with the onboarding of E-Residents by end of year, in general concentrating on EU-based clients (not EU-based E-Residents). Gets me thinking if I should even...
www.offshorecorptalk.com
Estonia E- Resident company vs Freezone UAE
Does anyone here have an Estonian E resident company? Ive recently set up a freezone company in UAE and attaining visas for Dubai. I have a project management company with my wife. She specializes in DLT technology projects and i do Oil/Gas project management, inspection and auditing for subsea...
www.offshorecorptalk.com
And the biggest thread for years ago:
about estonian e-residency
I don't know if you heard of it but estonian government has launched an ID card called E residency which allow with a card reader to incorporate a company from the Internet. Estonia it's 0% corporate tax and 20% on dividends. That's what you will read everywhere. Now, 1. It is the...
www.offshorecorptalk.com
With the e-Residency they dont give you legal residency in Estonia with virtual office? I plan to work online as a sole proprietor and I travel out of my country of residence most of the year without doing here paper agreements ,I can pay only job tax in Estonia?
No, they don't give you legal residency in Estonia. You don't get a physical address or residence at all.
Have you done any research?
What is e-Residency
Estonia is the first country to offer e-Residency, a government-issued digital identity and status that provides access to Estonia’s e-services and transparent business environment. E-Residency pro...
learn.e-resident.gov.ee
Estonian tax basics
Taxation is often the most important aspect when choosing a location for business. Learn the basics about Estonian taxes relevant to e-residents. The Estonian Tax and Customs Board (EMTA) is the ag...
learn.e-resident.gov.ee
If you have a company in Estonia, the company and its income are subject to Estonian tax law. But that doesn't necessarily mean you can legally avoid tax in your home jurisdiction, even if you spend most of your time abroad. Speak with a local lawyer/tax adviser.
Company tax residency isn't guaranteed, this would largely depend on your home nation's CFC rules. Also, OP would do well to differentiate between personal and corporate tax residencyNo, they don't give you legal residency in Estonia. You don't get a physical address or residence at all.
Have you done any research?
What is e-Residency
Estonia is the first country to offer e-Residency, a government-issued digital identity and status that provides access to Estonia’s e-services and transparent business environment. E-Residency pro...
Estonian tax basics
Taxation is often the most important aspect when choosing a location for business. Learn the basics about Estonian taxes relevant to e-residents. The Estonian Tax and Customs Board (EMTA) is the ag...
If you have a company in Estonia, the company and its income are subject to Estonian tax law. But that doesn't necessarily mean you can legally avoid tax in your home jurisdiction, even if you spend most of your time abroad. Speak with a local lawyer/tax adviser.
This is not a solution that is applicable in Europe any longer if it has been at all! Just to make it easy for people that don't have read the entire thread!
I have E-Residency in Estonia but for company formation I still await what Lithuania is offering from Jan. 1, especially regarding banking options. E-Residency is pretty perfect IMHO for nomads and non-CFC residents, as employment income from your Estonian-company is not taxed at all, only dividends at 25%. Zero share capital required at the start, and capital can be contributed with EMI like Transferwise. Costs to run it all inclusive around €600/year, I am intending to use virtualofficeinestonia.com.
That's the point, I belive there is only a handful around here that actually have this status.
Ireland also worth looking. 12.5 - 6.25 Corporate tax and non-EU residents pay 0%
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