31–40 of 88 posts
HK and Singapore are both good options. Both also really good for offshore banking.
Singapore corporations need at least one Singaporean resident as a director. Unless OP already has a close Singaporean friend or is willing to partner up with a Singaporean co-founder I don't think it'll work for him.
Law firms and others specialize in doing this.
If not legally, in practice. With the nomadic piece, you have a certain amount of momentum that makes it hard to pinpoint your origin, so you might be giving up freedoms by putting a flag in the ground when you don't need to.
Dubai is the place, Tax free, as low as ~4000 Euros/year for a single person (FZE) company. Nothing else is required (office/staff), virtual services are provided at additional fees (secretary etc ..)
I have received an email. If I have time later I will dig around to find the link to an official website from UAE commercial authorities.
Beware though, the GCC is notorious for renegging any niceness when you cause them unniceties.
Register your company where there is no corporate tax, be a citizen of a country with no income tax. As to the how and what, I'm willing to learn myself.
Even then, if you do business in the US for example, unless you're 100% digital ( possibly even then ) you'd be a foreign corporation that'd need to register secondarily in that country, and vooala-- tax exception gone. Unless someone has a way to prove that wrong?
No proof here but I cannot find the reason why you would need to do what you suggest?
Earlier quoted context omitted.
That's for locally sourced income or if you have a real office in HK. To pay no tax all your income needs to come from outside of HK in addition to not having a local operation.
Very interesting - you seem to be right - more info on following page ... http://www.guidemehongkong.com/taxation/corporate-tax/calcul... btw, do you have any info on any agent who can help with this? do you need a physical address (even for opening a bank account)? Do you need to visit HK for any reason to setup a company?
The registered address in HK can be provided by the agent. I'm not sure what else you mean by physical address.
You'll need to visit HK to open a bank account in case you need one in HK, but you could open a bank account in any other country as well if you can find a bank willing to do so (tough where I'm from).
Now? Estonia. Hands down, Estonia. Although I haven't done it myself yet, I intend to, simply because it now makes an incredible amount of sense. In case you don't know already, Estonia is offering an e-residency program[-2]. For the time-being it requires a quick trip to Estonia to get this (and it's open to everybody regardless of nationality), but afterwards you can run and administer a company remotely with this…
Registering company ~186 euros. time ~15minutes online with smart card
bank account ~free first year, full online support with smart card
digital signature with smart card is equal with real one on all documents.
taxes, bookkeeping, hire local bookkeeper ~>30euros per month and use skype/email
Ireland? CRO[1] gives details about registering a company and the requirements, and the New Companies Bill of 2014[2] will make things easier for smaller companies. [1]: https://www.cro.ie/Registration/Overview [2]: https://www.cro.ie/New-Act-2014/Overview
You should be asking questions about your tax domicile, double taxation treaties, your personal legal status w.r.t. to this company, cost of extracting personal profits from this company, can you get a bank account as non-resident, VAT rules etc. Lots of variables there. Tax offices in most countries have ways of ignoring cute little "bulletproof" accounting setups, throwing the book at you even retroactively (money,…
For example you don't charge VAT for intra-EU invoices and in practically every EU country you're liable to pay taxes there in case you stay there for more than 183 days. There's just no blanket solution here - at least not at the small-fish level.
I haven't checked on the state of e-Estonia in a few months, but I think they're trying to be the place for this sort of thing? They're rolling out the services later this year I believe. https://e-estonia.com/e-residents/opportunities/
Earlier quoted context omitted.
Even then, if you do business in the US for example, unless you're 100% digital ( possibly even then ) you'd be a foreign corporation that'd need to register secondarily in that country, and vooala-- tax exception gone. Unless someone has a way to prove that wrong?
I don't think you need that; I'm trying to find any proof of what you say and cannot really find. If you have a company in HK/SG and live fulltime (6 months + 1 day) in Monaco for instance, I believe you can do business with US companies/citizens while not paying taxes. The hell of living in Monaco doesn't really make it worth the while imho however I know plenty of people who do this. No proof here but I cannot find…
http://www.irs.gov/Individuals/International-Taxpayers/Forei...
http://www.irs.gov/Individuals/International-Taxpayers/NRA-W...
I would prefer this all not be fact, and I wish it were not true, but I put this out there because I hope it isn't but it seems like it definitely is real and effectual. This is the biggest difficulty I've hit myself.