I am thinking about opening a company in Estonia to have EU presence because they have 0% corporate tax until I get the money out of the company and it's easy to open a bank account for an Estonian company. Then the Estonian company would transfer 95% of it's profits to the mother company as copyrights etc payment, OR would invest its profits in the company in Belize. So the funds will go offshore, but as I see the 20% Estonian corporate tax won't apply since the profit was not taken out as dividends it was paid against an invoice or as an investment to get shares. My concerns: 1.) Will my home country consider the Estonian company (where I am the director) as CFC? 2.) Usually, what is the biggest % that the tax authority allows without objection to pay to the mother company in exchange for intellectual properties (copyright, know-how, etc) or with a contract that says the Estonian company does not do anything it's just invoicing clients while the real work is done in Belize? 3.) As I see the Estonian companies needs bookkeeping audited yearly. How much are those? 4.) Is this a good idea at all?