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Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

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Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#61

Post by splatsearch »

tluyben2 wrote: post #34
decentrality wrote: post #12

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…

but to be resident in Monaco you need to deposit 250k with the government which they keep for a certain amount of time. I think

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#62

Post by dharma1 »

unimportant wrote: post #21

HK - easiest, cheapest and no taxes for income sourced outside of HK.

I have considered HK but my friend is finding it very difficult to setup a merchant account for taking online payments there. Do you have any tips in this regard?

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#63

Post by spitfire »

mangeletti wrote: post #60

The answer is not, "um, it depends on X", which usually indicate a lack of understanding of the problem as well as a lack of knowledge about the solution. People, especially tech nerds which tend to have ego issues, need to learn to just say "I don't know", or to simply not answer a question that they don't know the answer to. It doesn't depend on anything. The best place to register a business for international trav…

> The answer is not, "um, it depends on X", which usually indicate a lack of understanding of the problem as well as a lack of knowledge about the solution. People, especially tech nerds which tend to have ego issues, need to learn to just say "I don't know", or to simply not answer a question that they don't know the answer to. It doesn't depend on anything.

Preach!

Boy do they go red when you simply say "If you don't know the answer, please don't confuse people more."

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#64

Post by dharma1 »

eric_khun wrote: post #29

"I am not a lawyer or CPA and this is not legal advice. It is for general guidance only. You should work with an attorney and a CPA for specific professional advice. If you're American, this gets really sticky. The US taxes you on your worldwide income. If you have a US corporation, it is also taxed on worldwide income, so it can be double taxed. And foreign corporations in the US are taxed on US-sourced income. Howe…

"If you have a US corporation, it is also taxed on worldwide income, so it can be double taxed"

Does this apply to foreigners who incorporate in the US? Living in the UK, co-founders (UK and India) want to incorporate in Delaware, I am looking into it but don't want to be liable for anything unnecessary. None of us lives in the US.

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#66

Post by softwarerero »

I moved from Germany to Paraguay. When I work from Paraguay I have to pay 10% income taxes (it does not matter if I do it as a person or a company) and if it is for a local client another 10% of VAT (IVA). When I travel and do onsite jobs in other countries the Paraguayan government does not demand any taxes.

To get permanent residence you need to visit Paraguay, proof that you have a fortune of at least 5K USD and run around a few days between different agencies. I helped a US citizen some month ago with his residency and we had everything together in 4 days, it would have been 3 if we not had forgotten one paper.

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#67

Post by newaccountfool »

softwarerero wrote: post #66

I moved from Germany to Paraguay. When I work from Paraguay I have to pay 10% income taxes (it does not matter if I do it as a person or a company) and if it is for a local client another 10% of VAT (IVA). When I travel and do onsite jobs in other countries the Paraguayan government does not demand any taxes. To get permanent residence you need to visit Paraguay, proof that you have a fortune of at least 5K USD and r…

Are there better benefits to becoming a citizen of Paraguay? Do you know how long that would take?

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#68

Post by sarhus »

DocG wrote: post #36
kintamanimatt wrote: post #7

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…

if you manage to get smart card, 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

how about corporate tax?

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#69

Post by level09 »

silver1 wrote: post #27
level09 wrote: post #16

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 ..)

Can you please give some more info - where/how to incorporate? Any recommended agent?

Sure, here are the virtual licenses:

http://www.creativezone.ae/

http://vz.ae/

non-virtual:

http://www.dwc.ae/

https://www.dsoa.ae/en/

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#70

Post by [deleted] »

Radim wrote: post #22

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,…

[deleted]
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