71–80 of 97 posts
Taxes pay for society: education, healthcare, infrastructure, defence, culture. You benefit from these, and expect to benefit in the future from them (e.g. expecting to employ someone with a good education). You should pay your share.
That doesn't mean you shouldn't find the most efficient vehicle to do so. Saving on taxes probably shouldn't be the sole reason to adopt a certain corporate structure but it certainly is part of the equation.
I'm surprised no-one's mentioned Estonia so far. I looked into it a while back, and it all seemed very easy to set up. You just needed to get an e-Resident ID (which was pretty simple) and there were cheap local companies to handle all the paperwork for you. Corporation tax was low, and importantly was only charged if you paid dividends: profits retained for future investment were not taxed. Perhaps I misunderstood t…
I'm surprised no-one's mentioned Estonia so far. I looked into it a while back, and it all seemed very easy to set up. You just needed to get an e-Resident ID (which was pretty simple) and there were cheap local companies to handle all the paperwork for you. Corporation tax was low, and importantly was only charged if you paid dividends: profits retained for future investment were not taxed. Perhaps I misunderstood t…
Stupid question that probably depends where you live, but if I register a company in Estonia and do all my work through them, do I have to pay taxes in my country too?
In most setups, the company is a separate tax entity, so corporate taxes are one thing, mostly determined by the country where the company is incorporated, usually paid on profits.
Then you move the money from the company to yourself, either as a salary or as a dividend. This is generally taxed by the country that you live in as personal income tax or a dividend tax. This varies greatly.
Things can get more complicated, e.g. if you stay in a country for over 60 days, one can argue that the company now has a dependency in that country (because you as the sole owner / employee are living there), so you might be forced to incorporate in that country as well / pay (corporate) taxes there.
Earlier quoted context omitted.
OP literally said "I am mainly trying to save money on taxes"... My 2 cent: Pay your taxes to support the infrastructure, services and development in the region you actually use most in your life activities.
So if you were choosing a town to live in and one has a 2% tax rate and the other a 30% tax rate, you'd surely choose the 30% tax rate because you want to support your regional community? More likely when you get past the virtue signaling, you'd choose the one that fits your needs with taxes as one of many variables. It comes down to taxes as a form of price discovery, tax rates vary greatly and at least at the feder…
Well I live in Denmark, so you can draw your own conclusion.
Taxes pay for society: education, healthcare, infrastructure, defence, culture. You benefit from these, and expect to benefit in the future from them (e.g. expecting to employ someone with a good education). You should pay your share.
I would not suggest the USA if you don't have any strong ties to the United States. It could just result in your being taxed here unnecessarily or being considered having close ties to the USA if you apply for a visa.
I'm surprised no-one's mentioned Estonia so far. I looked into it a while back, and it all seemed very easy to set up. You just needed to get an e-Resident ID (which was pretty simple) and there were cheap local companies to handle all the paperwork for you. Corporation tax was low, and importantly was only charged if you paid dividends: profits retained for future investment were not taxed. Perhaps I misunderstood t…
Earlier quoted context omitted.
OP literally said "I am mainly trying to save money on taxes"... My 2 cent: Pay your taxes to support the infrastructure, services and development in the region you actually use most in your life activities.
So if you were choosing a town to live in and one has a 2% tax rate and the other a 30% tax rate, you'd surely choose the 30% tax rate because you want to support your regional community? More likely when you get past the virtue signaling, you'd choose the one that fits your needs with taxes as one of many variables. It comes down to taxes as a form of price discovery, tax rates vary greatly and at least at the feder…
I'm surprised no-one's mentioned Estonia so far. I looked into it a while back, and it all seemed very easy to set up. You just needed to get an e-Resident ID (which was pretty simple) and there were cheap local companies to handle all the paperwork for you. Corporation tax was low, and importantly was only charged if you paid dividends: profits retained for future investment were not taxed. Perhaps I misunderstood t…
Couple of years old, but some reasons not to incorporate in Estonia: https://news.ycombinator.com/item?id=16752054
Given you're in Thailand, both Thailand and Singapore are fine; the difference is that a Singaporean company would be seen favorably by pretty much any other company or investors in the world; a Thai company is simply less seen by others, and therefore it might raise eyebrows.
You can check out Sleek.sg [0], they help you incorporate online. Very similar to Stripe Atlas in the US. No affiliation, just a happy customer.
If you don't care about external investors, then a company in Thailand is going to be much less expensive, and just as fine.