JOHNNY DOETHE LIFE WHISPERER

Getting confused by all the options! Help!? (EMIs with personal info vs Offshore corp with legit ID etc) - Best for no Tax?

here2learn

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here2learnActive RecruitAuthor
Joined
Dec 2019
Messages
147

#1

Okay so I've tried to get my head around things... But am in some ways getting more confused!

If I wanted to run a digital business (only moving about €2k to €4 k per month, I'd expect), would you think I'd be better to:

1) Open EMIs with Darks, tied to a TW account, and run until they get burned (maybe moving funds from TW to Advcash/Crypto to avoid too much being in the EMI or TW???)

2) Do the above, but use the Darks to set-up a corp somewhere?

3) OR, ignore darks, but open an offshore using legit ID and just hope I don't get screwed in my (EU) country of residence as a person of control of the company (not sure Nominees are safe these days?)

Also, how do I cash out the Crypto, without being ripped off on localcoins exchange rates, being on camera, OR revealing my legit address (makes it hard to get a debit card!)

Sorry for all the Qs. Ideas/thoughts GREATLY appreciated!

onemansomewhereActive Recruit
Joined
Apr 2020
Messages
269

#2

The best way for such small business is to pay taxes in your home country. Or incorporate a company in a low tax jurisdictin in EU. Hungary has 9 % Corporate tax rate.
If your income is just 2-4K per months, it is 24-48 K per year. It is 252-504 Eur in a tax every year.. There is absolutely no as cheap solution..Paying some small taxes is your only solution. Tax optimization makes sense when you reach at least 300 K per year..

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