Hello guys, I have a PT company running a legit business, Im affiliate marketer I receive money from different networks, but in PT we pay 21% on profits, and if I want to withdraw money of profits I pay more 28%.. which is really high.. so I want to know what can be done from my side to minimize this heavy tax... Any good ideas guys?
So you want to avoid the personal tax if I understand you right and you live in Portugal?
You can go the way with darks and setup a entire company with EMI account based on such documents, live time is about 2 years some hold for ever but 2 years is so far what I personally have seen.
Depending on your budget your can also go the way to setup a company in a low tax jurisdiction like Cyprus and Malta or even the UK and run a loan model, it will require a larger setup and nominees.
What's your budget to setup something that fullfilm your requirements?
So you want to avoid the personal tax if I understand you right and you live in Portugal?
You can go the way with darks and setup a entire company with EMI account based on such documents, live time is about 2 years some hold for ever but 2 years is so far what I personally have seen.
Depending on your budget your can also go the way to setup a company in a low tax jurisdiction like Cyprus and Malta or even the UK and run a loan model, it will require a larger setup and nominees.
What's your budget to setup something that fullfilm your requirements?
Exactly I live in PT aswell, why the dark setup only run for 2 years? Also those dark setups I would need accountant, or I can just withdraw the money and I will be fine ? About the address what service you recommend? To give to EMI's and then to they forward to my final address
I would like to avoid darks.. im looking for legal way to get a better tax optimization without red lights, what you suggest guys? I do affiliate marketing so dont need to have the company on my country.
Have a estonian company under my name to be the core business, in that company I will pay for services to a Delaware company (not in my name) as expenses "services", and then on that delaware company I will be able to whatever I want with the money? or I need to create expenses aswell with delaware company? If necessary I was thinking in create few Darks Payoneers, to receive money from my delaware company as service expenses (hire freelancers excuse) and pay them (to my darks) via wires to payoneer, and then withdraw the money... what you think?
In my eyes Estonian company is not the best option. Standard corporate income tax rate in Estonia 20% and dividends are taxed at 14%. The only difference is that Estonia taxes profit when it is distributed, i.e. paid in the form of dividends or whatever other form. Then they charge 20% plus 14% (dividend withholding tax). They do not allow to take money from Estonian company so easy paying them to Delaware company. At least they will require to prove that such Delaware company has an office, employees and proves that these services were actually provided. US also recently introduced branch tax which is, as a general rule, also applicable to Delaware companies.
I think much better would be to set up Dutch partnership (it is not subject to tax as long as it does not carry any activities within the Netherlands) or Maltese (5% CIT), Cypriot company (it is possible to reduce CIT to 2.5%). In any case much more circumstances should be taken into account in order to find the best solution.
In my eyes Estonian company is not the best option. Standard corporate income tax rate in Estonia 20% and dividends are taxed at 14%. The only difference is that Estonia taxes profit when it is distributed, i.e. paid in the form of dividends or whatever other form. Then they charge 20% plus 14% (dividend withholding tax). They do not allow to take money from Estonian company so easy paying them to Delaware company. At least they will require to prove that such Delaware company has an office, employees and proves that these services were actually provided. US also recently introduced branch tax which is, as a general rule, also applicable to Delaware companies.
I think much better would be to set up Dutch partnership (it is not subject to tax as long as it does not carry any activities within the Netherlands) or Maltese (5% CIT), Cypriot company (it is possible to reduce CIT to 2.5%). In any case much more circumstances should be taken into account in order to find the best solution.
Thank you very much, for what I readed estonia doesnt have any income tax, they only charge 20% on dividends, also if I get a salary from estonia, also they dont tax too, because Im not a estonia resident, and on income because I dont have estonian employees I will not pay nothing ... Far as I know I will only pay the 20% on dividends, so my intention is to pay the most out in "services" to other company... About Malta, do you know a good place to form ? Also you mean only use 1 malta company to all operation?
Thank you very much, for what I readed estonia doesnt have any income tax, they only charge 20% on dividends, also if I get a salary from estonia, also they dont tax too, because Im not a estonia resident, and on income because I dont have estonian employees I will not pay nothing ... Far as I know I will only pay the 20% on dividends, so my intention is to pay the most out in "services" to other company... About Malta, do you know a good place to form ? Also you mean only use 1 malta company to all operation?
You got the wrong info about Estonian taxes. If you wish, PM me and we can discuss it further.
