What's the most stress-free cheap company setup to pay yourself a salary to be eligible for Digital Nomad visas?

[DSoz]

There is no licence needed in Estonia or elsewhere if you trade your own funds. Except P2P trading, which could be considered providing a service.
So you definately can set up your own company and invest/trade via it and pay yourself a salary tax free on the Estonian side.

You can also find somebody to pay you a salary (look at signature).

Aren't there plans for defence tax in Estonia?

 

[W Fish]

Aren't there plans for defence tax in Estonia?

Not just plans. There will be a 2% tax on profits for two years, starting with this years profits. But there are easy ways around it, especially with crypto trading.

 

[GPT]

Not just plans. There will be a 2% tax on profits for two years, starting with this years profits. But there are easy ways around it, especially with crypto trading.

Please elaborate.

Reading in between the lines it now comes across to me as not reporting crypto assets.

 

[W Fish]

Please elaborate.

Reading in between the lines it now comes across to me as not reporting crypto assets.

Lets just call it creative accounting.
Profit is such a mallable number in financial statements.
Each case is different, so no point in going into much more detail here.

 

[GPT]

Lets just call it creative accounting.
Profit is such a mallable number in financial statements.
Each case is different, so no point in going into much more detail here.

Ok, so my thought process isn't too far off. All I can say is that Estonia doesnt have a very good reputation when it comes to crypto's in general. And that means they will emphasise chasing it when its blatant evasion. Personally I think there are then better jurisdictions to "perform that trick" than Estonia.

Good luck

 

[DSoz]

Ok, so my thought process isn't too far off. All I can say is that Estonia doesnt have a very good reputation when it comes to crypto's in general. And that means they will emphasise chasing it when its blatant evasion. Personally I think there are then better jurisdictions to "perform that trick" than Estonia.

Good luck

Like what? Can you give me some examples?

 

[GPT]

Like what? Can you give me some examples?

Until very recent Estonia was the to-go-to jurisdiction for crypto scammers. In the broadest sense of the word.

This came from Estonia being the new kid on the block and lax with implementation of regulation. This got exploited by many many scammers. As a result Estonia is now doubling down on everything because of the pressure of mainly the EU. What was supposed to be a way of making a s**t ton of money for them ended up as a nightmare.

 

[JackofAllTrades]

Best would be any country that allows you to enter and reenter continually on a tourist visa. If you work remotely and get paid in crypto, why get any sort of visa? There are a number of countries that don't care as long as you exit once in a while and then come back in.

 

[mytoofood]

What's a good company formation setup in this case? I won't mind taking my trading under my own company to pay myself a salary. However, getting a bank account that way is quite hard from what I've seen.

Can you say what plan you made or how you got things setup ?

 

[GPT]

Best would be any country that allows you to enter and reenter continually on a tourist visa. If you work remotely and get paid in crypto, why get any sort of visa? There are a number of countries that don't care as long as you exit once in a while and then come back in.

And if you have a strong passport (EU and one from LATAM) this would work for a long long time. Is it sustainable permanently? I have my doubts. The moment you settle down because of family, kids, work, health or other reasons the above wont work. For as long as you can live the nomad lifestyle being a Permanent Tourist is likely going to work quite well provided you moved first from your high tax to a low or no tax country before starting the nomad lifestyle as to avoid back taxes from your home country the moment you resurface somewhere.