Michael I enjoy you covering every jurisdiction. Is Ireland not a lot easier, cheaper and get banking? Basic corporate tax rate is 12.5% with some good tax breaks for new entrants.
The 0% corp tax isn't even that attractive. In the UK I can pay 0% corp tax by just taking wage,dividend, and offsetting expenses. For example in the UK in 2021 you could buy a Tesla and offset £35,000 against your corp tax (in most people's cases, meaning 0%) lol. The biggest issue is getting money from Business > Personal at a rate that doesn't break the bank
I would love to see a video about VAT in Europe. For example for selling goods or services online across Europe and globally from a company in different EU countries or from companies outside the EU. How get VAT back for your company expenses in other European countries? Challenges related to drop-shipping like fulfilment by Amazon. When can services be sold without paying VAT etc.
@@OffshoreCitizen I like this type of videos. I'm trying to figure out where to set up companies for startups in different industries so I try to learn what countries are ideal for my needs.
Solid stuff, thanks. Was wondering about the statement you made regarding non-taxation of wages earned in a foreign country. Does this essentially mean I could 1. Establish a company via e-residency, 2. Pay wages to my personal bank account in, for example, South Africa and 3. Pay only personal income tax in SA and not pay corporate tax for profit distribution in Estonia? Or does the 20/80 rule still apply in this case?
Maybe a bit late reply, I live in Thailand and pay myself as employee as I am both owner and sole employee, all the personal income tax are paid in TH, zero tax in Estonia, but I have to pay some state fees and Estonian accounting service. I need the company to access Estonian's Paypal with my business account, Thai Paypal is not working with many website I sell my digital goods on, so I still find it worth it, if I don't pay those fee, I'll lose more money as I lost access to many markets. It's been 2 years since I have this company, no problems at all, I feel that it's like a security, to have stable access to EU financial as Thai government is not to be trusted, rules changed made Paypal doesn't work for a lot of people, last year was pandemonium ,Etsy and Ebay sellers and much more suffered.
NO NO NO - Tallinn Circuit Court made a decision on 4 March 2009 (decision 3-08-364) concerning OÜ Wasp Project) => you have to pay yourselfe an int. manager salary eg 100K that means 40K tax and social costs!!!
When someone send you money from Kanya to South Africa must the receiver pay clearance fee to the agent witch makes me the receiver confused agent name Henry J
Really insightful, thank you. I'd love to hear your advice for my situation - I co-own a music company registered in Barcelona, Spain (the company is my partner and I, we don't have employees.) She's French, I'm British. We're looking for a more efficient accounting system as the tax/admin in Spain is quite punishing. We've contemplated changing company registration to Estonia / Andorra, but concerned of the implications. Would love to hear from you. Thanks, Shervin.
Shervin, there's a lot to cover here and it's probably best to discuss all the details together. We'll go through the options and I'll guide you on the best solution and any next steps. The team and I can then assist through the process. If interested, you can book a consultation calendly.com/michael-rosmer
@@unite3717 Imagine asking for complex tax advice in a RU-vid comment (that requires a lot of research and case-by-case analysis) and expecting a straight-forward answer
Great video. So if you pay yourself a salary from your Estonian company, but you are personally a tax resident in a territorial tax country (like I am in the Philippines), then you would owe 0% tax to Estonia and 0% personal tax to the Philippines?
Hi Michael, this doesn't have to do with the video but I wanted to ask if you could discuss if it's worth it for an American expat living in NZ or just expat in general to have a 401k or an IRA? In my situation America considers a Kiwisaver in NZ to be a trust I can't put money into this account. But I am trying to find a way to shield my earnings from taxes and I know that a 401k or an IRA is a way to do so. I work for an American company and I am self employed.
Estonia, one of the icy Baltic gems, an interesting topic. Estonia using the euro is a big plus, banking a negative, taxation is interesting but as you warned the catch is in the other taxation jurisdiction, such as the dreaded ATO. Why would you prefer Estonia to Latvia? Latvia has a bigger population... Thank you for another interesting topic. Bri
Hello, I have dual citizenship Canadian and Ukrainian and I would like to apply for e-residency in Estonia fo start an LLC for my social media agency with my Ukrainian passport, cause majority of my clients are abroad. I have lived abroad for years and now I wanna come back to Toronto. Should I open an Estonian company with my Canadian Passport or with Ukrainian? And is there any option for me to pay zero or minimum taxes to be able to leave in Canada, not abroad? Thanks indeed
Estonian rules are mostly irrelevant here it's Canadian rules that matter if you'll live there Best is to send us a message through www.offshorecitizen.net
