Using Dual Citizenship to Form a Company

[Maitrey]

Dear all, please advise the solution for my wife where to set up the company with reasonable taxation having the following "advantages" (may be this are not the advantages at all).

She has two passports Ukraine and EU (Czech Rep.), the spelling of the name and surname is different in those documents.

After the start of the war we do not really want to return to UA and most likely will stay in the EU being its citizens etc.

How do you think? Will it be workable or not to form a company somewhere in Romania, Bulgaria, UK or elsewhere (please advise where) to work as intermediate in sale and purchase deals as UA citizen and resident, and in the same time live and work in EU as different person who is not familiar with its Ukrainian colleague?

No country knows about a second passport, no country has traces of another passport anywhere.

 

[JohnnyDoe]

it’s better not to use the Ukrainian passport, she might even be conscripted

 

[Martin Everson]

How do you think? Will it be workable or not to form a company somewhere in Romania, Bulgaria, UK or elsewhere (please advise where) to work as intermediate in sale and purchase deals as UA citizen and resident, and in the same time live and work in EU as different person who is not familiar with its Ukrainian colleague?

It's possibly but I am trying to figure out what the purpose of doing so is.

Maybe you can explain what advantage this would give you?

 

[Maitrey]

It's possibly but I am trying to figure out what the purpose of doing so is.

Maybe you can explain what advantage this would give you?

I would like to open a small company and an account in one country and work legally, making a profit as dividends. As an option, send part of earned to "specialists" who will then give you cash (in Eastern Europe, this used to work well).

At the same time, do not declare its presence in the country of second citizenship.

We had a good life in the advanced city of Ukraine, and the forced relocation became a difficult test for us, as soon as we get on our feet, we can open a company in EU country where we live and pay stupid social contributions and other 20-30%.

Unlike Western Europeans, Georgia, Macedonia and other Romania and Bulgaria do not scare me at all. The only question is where they will now open a company and an account for absolutely transparent operations on a Ukrainian passport.

 

[JackAlabama]

I would like to open a small company and an account in one country and work legally, making a profit as dividends. As an option, send part of earned to "specialists" who will then give you cash (in Eastern Europe, this used to work well).

At the same time, do not declare its presence in the country of second citizenship.

We had a good life in the advanced city of Ukraine, and the forced relocation became a difficult test for us, as soon as we get on our feet, we can open a company in EU country where we live and pay stupid social contributions and other 20-30%.

Unlike Western Europeans, Georgia, Macedonia and other Romania and Bulgaria do not scare me at all. The only question is where they will now open a company and an account for absolutely transparent operations on a Ukrainian passport.

I dont have deep knowledge in this matter, but Ukraine does not face sanctions so it should be as before and even better in the Western nations since they became so anti-Russian.
Having a Russian passport, is where it is becoming difficult.
Georgia should be good. My BOG bank app shows me the Ukraine flag every time I open it, so I guess they will be friendly.