I feel the need to comment on this video. I truly want to thank you from the bottom of my heart, i have tried to do understand what would be the best country to move my business to and you explained everything in a beautifully simple way. thank you. PLEASE do more of these.
Hello from Cyprus from a big fan of your channel! Most big companies are registered in Limassol (southwest coast) or Nicosia (the capital) but a few are also based in Larnaka, my hometown. Cyprus is also considered a safe place with a very good living standard, and a good place to raise a family, so foreigners do enjoy life here :) p.s. population of cats is estimated at approximately 2 million, so roughly double the population of humans 😃
Cyprus also has the IP box tax exemption so if you have an IT, SAAS or software company you can reduce the company tax rate form 12.5% down to 2.5%, its also non dom status,
Establishment of Estonian company is much cheaper. E residency 120 euro, company registration 265-290 euro. Online bank account from zero to 50 euro. But also you need to include to your budget annual fees to the service provider which will cover accounting etc. it's from 700 euro per year.
For the vast majority of people living in western world countries establishing a company outside of their country of residency is not an option if they don't plan to build actual real substance there. CFC rules, management and control rules and permanent establishment rules exist in the majority of developed countries and each year that passes more dificultes appears for tax optimisation... I know the field well as I help people on building international structures and relocating abroad and I moved myself from Spain to Cyprus and I think is important to say that those rules exists and people should analyze carefully their personal tax situation as normally for real tax benefits you have to move yourself
Thanks for adding this @jfarras ! That's awesome, hope Cyrpus is treating you well. Georgia and Isle of Man also potentials for those open to physically moving. I have added links to specialists in each as there's certainly more to it than I could cover here.
@@jfarras so lets say if I live in Poland but setup a company in Cyprus, would that cause any control of management rules? A shell company for example with an offshore bank account
@@mildes6392 if you are the one directing the company yes, and not only that, permanent establishment and cfc rules will kick in too if you are the only person in the company. I have videos about that in my channel if you are interested
Interesting video, I currently have my business locate din the UAE and just deciding whether to keep it there and relocate, the idea of the IOM is very appealing, so thank you. I am now investigating this.
Take care, if the goal for forming the company is Amazon FBA, the required "utility bill" may be a problem. From my own experience, as an Estonian e-residency holder (and company owner), Amazon doesn't recognize the "legal contact address", and one is forced to actually rent a physical shared space to get the required utility bill.
In my case that i am a Cyprus resident it was enough for them, the legal contact address and bank account. They never asked for a utility bill. I just got a pin number in my physical address and provided it back to them. But i do know situations that they asked for a utility bill.
This is what we experience with our clients when the Amazon account is set up properly, a utility bill is not required. The challenge is most seller make a simple mistake that requires extra verification@@marchri32
Good information, I've been researching this and like the idea of Dubai, sole trader - Game Dev, no company, 0% income tax ;). Operating as a company in Isle of Man, Distributed Profit 0% - is this directors dividends? If so that Could be an option for me.
As an IT-consultant I have to consider more factors than just base tax rates. Cyprus, Isle of Main etc may have good tax rates, but how is to hire people there, is it easy to find skilled personal, how is it to live there, how are their English skills? For my sector I have been looking at Bulgaria and Romania, with low flat taxes, interesting cities and what seems to be skilled workers with good English skills. It would be interesting to know more about them though.
@@cfdProptraderare u saying its a good place to start biz without startup cost? Or it takes the most? Because Afaik Im living in dubai all my life and you only require etrader license which cost about 600 dollars
Thank you so much for this video. It helped me with my decision and I decided for Estonia. Just one question: Can you recommend any service provider for Estonia? Comistar does only offer consultation but not the service of opening and maintaining the company. Thanks you so much!!
You mentioned for Isle of Man that you would pay UK corporate taxes if you reside in the UK but what if you reside in Ireland since Ireland is not part of the UK?
Estonia is way over promoted. I am in process of closing my Estonian company. Way to much. everything is expensive. Accounting, taxes.... Even closing it cost around 2000 euros
GCC countries have corporate tax rates ranging from 9% to 20%. There are some exceptions based on applicable tax treaties. For example, a Saudi citizen pays half the normal 15% corporate tax rate in Kuwait. In other words, if you are from Saudi Arabia, you only pay 7.5% tax on corporate profits in Kuwait. Unfortunately, there is no tax treaty between Kuwait and the US, and US citizens must pay the full 15%.
Ireland is still a good place to set up a Firm ( 12.5% Corporate Tax ) and Hungary is ( 9% Corporate Tax ) . I hear that computer Business in Romania has 0% Tax and i hear that Belarus has 0% Business Tax and capital Gains Tax on Crypto ! If you are trading on a Computer you need to shop around to see where the Taxation is low !
Singapore has a 17% corporate tax rate. Withholding tax of 15% for interest paid to US residents. 22% tax rate on certain other payments to non-residents of Singapore.
HK has a 16.5% corporate tax rate. No withholding tax on dividends but there is withholding tax on other payments such as interest or royalties, depending on jurisdiction of the taxpayer and the applicable tax treaty.
@@petertu7359 Hong Kong has 2 levels of CIT, the first one to obtain income up to HKK 2 million pay 8% Above this limit, we pay 16.5% CIT, but there are also many other tax optimization possibilities that are more beneficial for the company. you can include more things in costs, reducing the amount of corporate income tax. If you share any information, do it honestly, and if you don't have any knowledge about something, don't bring it up.
Great video, Dan! The biggest challenge for non-residents selling into the U.S. with a U.S. LLC is determining if you are engaged in a U.S. trade or business and have U.S. sourced effectively connected income, which is only determined by analysis. The challenge is that you will get different opinions on this subject depending on which U.S. tax attorney or CPA does your returns. Non-resident entities should evaluate whether a U.S. protective return should be filed or U.S. tax must be paid by going through the same evaluation process.
Dan. Which one would you pick amongst Isle of Man, Jersey Island and Guernsey? I mean they are all Crown dependencies and all are tax free for corporations.
Spectacularly useful video, Dan. Thank you SO VERY MUCH for presenting the all-in costs, and very lucid explanations of the breakdowns. I'll subscribe for a bit, and see what else there is to learn from you. ^‿^
Hello dear sir when i create shipment plan getting warring messages Box volume does not meet the expected minimum cubic inch 7,904.00? should i ignore this message. My shipment 4,832.1 cubic inch 3 box same dimensions.
@@DanRodgers to be honest i had to search for this in the internet and i was amazed too by the numbers!! I know we do have many stray cats but you dont get to see that many in the streets like the pictures on the internet shows. I mean you dont walk down town and you see cats everywhere!! You will make me count from now on how many cats i see in the streets!! As for the low taxes, yes, that is definetely true and we have so many offshore companies here now. Some have only their companies just registered here or they have offices too. Especially in a town called Limassol. At first it was just Russians but now its from all over the world. We are talking big money and not always legal ofcourse. If you ever need any info or help from here let me know.
@@marchri32 so lets say if I live in Poland but setup a company in Cyprus, would that cause any problem in Poland? A shell company for example with an offshore bank account
I feel the need to comment on this video. I truly want to thank you from the bottom of my heart, i have tried to do understand what would be the best country to move my business to and you explained everything in a beautifully simple way. thank you. PLEASE do more of these.
Hello from Cyprus from a big fan of your channel! Most big companies are registered in Limassol (southwest coast) or Nicosia (the capital) but a few are also based in Larnaka, my hometown. Cyprus is also considered a safe place with a very good living standard, and a good place to raise a family, so foreigners do enjoy life here :) p.s. population of cats is estimated at approximately 2 million, so roughly double the population of humans 😃
Hello @MariasJournal I would like to connect with you
Safe place? Financially too? Because the 2013 crisis took a lot of money to bank depositors... Government just went too far.
Our investors can fund your new project
I believe it is not recommended to live in the same country your company is located in. This video is for company incorperation only.
Are the cats rabid/violent?
Isle of Man has 20% VAT for everything you sell!!!!
Cyprus also has the IP box tax exemption so if you have an IT, SAAS or software company you can reduce the company tax rate form 12.5% down to 2.5%, its also non dom status,
Establishment of Estonian company is much cheaper. E residency 120 euro, company registration 265-290 euro. Online bank account from zero to 50 euro. But also you need to include to your budget annual fees to the service provider which will cover accounting etc. it's from 700 euro per year.
For the vast majority of people living in western world countries establishing a company outside of their country of residency is not an option if they don't plan to build actual real substance there.
CFC rules, management and control rules and permanent establishment rules exist in the majority of developed countries and each year that passes more dificultes appears for tax optimisation...
I know the field well as I help people on building international structures and relocating abroad and I moved myself from Spain to Cyprus and I think is important to say that those rules exists and people should analyze carefully their personal tax situation as normally for real tax benefits you have to move yourself
Exactly you have to move and live to the countries you want to benefit from their tax system.
Thanks for adding this @jfarras ! That's awesome, hope Cyrpus is treating you well. Georgia and Isle of Man also potentials for those open to physically moving. I have added links to specialists in each as there's certainly more to it than I could cover here.
@@DanRodgers yes! very happy here in Cyprus :) For EU citizens Cyprus is the relocation that I'm recommending the most
@@jfarras so lets say if I live in Poland but setup a company in Cyprus, would that cause any control of management rules? A shell company for example with an offshore bank account
@@mildes6392 if you are the one directing the company yes, and not only that, permanent establishment and cfc rules will kick in too if you are the only person in the company. I have videos about that in my channel if you are interested
Valuable comparison. Thanks for your efforts.
I never expected from you this much info after watching NOMAD Capitalist videos , Thanks bro
Interesting video, I currently have my business locate din the UAE and just deciding whether to keep it there and relocate, the idea of the IOM is very appealing, so thank you. I am now investigating this.
9% is the way
Excellent work mate. I've subscribed.
Excellent video 😊!
can you make more of these vids, 0% tax jurisdictions
Take care, if the goal for forming the company is Amazon FBA, the required "utility bill" may be a problem. From my own experience, as an Estonian e-residency holder (and company owner), Amazon doesn't recognize the "legal contact address", and one is forced to actually rent a physical shared space to get the required utility bill.
In my case that i am a Cyprus resident it was enough for them, the legal contact address and bank account. They never asked for a utility bill. I just got a pin number in my physical address and provided it back to them. But i do know situations that they asked for a utility bill.
Lucky You! Thnx a lot for the comment & info.
This is what we experience with our clients when the Amazon account is set up properly, a utility bill is not required. The challenge is most seller make a simple mistake that requires extra verification@@marchri32
What about UAE? Any thoughts?
any thoughts about Cayman? 0% corporate tax for offshore companies...
Omg with I'd seen this video earlier ❤ Thank you 🙏
Good info. Thanks!
@Dan Rodgers it would be great if we could have a video like this geared toward Amazon FBA sellers
@DanRodgers_ everyone beware of this Dan Rodgers impersonator
Excellent video
Good information, I've been researching this and like the idea of Dubai, sole trader - Game Dev, no company, 0% income tax ;). Operating as a company in Isle of Man, Distributed Profit 0% - is this directors dividends? If so that Could be an option for me.
As an IT-consultant I have to consider more factors than just base tax rates. Cyprus, Isle of Main etc may have good tax rates, but how is to hire people there, is it easy to find skilled personal, how is it to live there, how are their English skills? For my sector I have been looking at Bulgaria and Romania, with low flat taxes, interesting cities and what seems to be skilled workers with good English skills. It would be interesting to know more about them though.
I believe your staff can reside outside of IOM.
@@cedarmanagement2343 IOM?
I put Isle of Man in 1st place but which would you choose and why? Details or countries I missed? Please comment below 👇
I'm a bit confused about the fees. How are you supposed to pay fees to start your business if you need a business to make money in the first place?
You first get a job and get some savings :)
@@humbus-capital So you have to slave away first? It's weird
@@MatthieuPiquemalOr you can just find a person who donate the money to you. Or investors. Or crowdfunding. Or mental control over your minions.
Try Dubai, you will be surprised the cost up front of everything.
@@cfdProptraderare u saying its a good place to start biz without startup cost? Or it takes the most? Because Afaik Im living in dubai all my life and you only require etrader license which cost about 600 dollars
Thank you so much for this video. It helped me with my decision and I decided for Estonia. Just one question: Can you recommend any service provider for Estonia? Comistar does only offer consultation but not the service of opening and maintaining the company. Thanks you so much!!
You mentioned for Isle of Man that you would pay UK corporate taxes if you reside in the UK but what if you reside in Ireland since Ireland is not part of the UK?
Hey Dan! What was the second payment company you mentioned for Estonia? One was Wise and second I couldn't recognise, was it Wallex or something else?
Estonia is way over promoted. I am in process of closing my Estonian company. Way to much. everything is expensive. Accounting, taxes.... Even closing it cost around 2000 euros
How about the golf countries I guess it is 100% tax free right?
That’s true
GCC countries have corporate tax rates ranging from 9% to 20%. There are some exceptions based on applicable tax treaties. For example, a Saudi citizen pays half the normal 15% corporate tax rate in Kuwait. In other words, if you are from Saudi Arabia, you only pay 7.5% tax on corporate profits in Kuwait. Unfortunately, there is no tax treaty between Kuwait and the US, and US citizens must pay the full 15%.
Does the Isle of Man have any crypto taxes?
please do more videos on this
How about a complete video how to sell in the UK?
How to register a company, how to pay the Vat tax etc..
Include tutorials
Include tutorials
Ireland is still a good place to set up a Firm ( 12.5% Corporate Tax ) and Hungary is ( 9% Corporate Tax ) .
I hear that computer Business in Romania has 0% Tax and i hear that Belarus has 0% Business Tax and capital Gains Tax on Crypto !
If you are trading on a Computer you need to shop around to see where the Taxation is low !
What about Andorra and Gibraltar?
Biceps 💪
How bout Jersey?
Bro can i pay you for a consultation.. Its a dam dog eat dog world and everyones trying to rail me for a good formation plan. You know your stuff
(2:55) link to video is missing.
what if u are a sole prop llc ????
Hi Dan, Do you have FBA course ? I want to buy your course if you have
omg... what about singapore? hongkong? much better options then this crap you mentioned
Singapore has a 17% corporate tax rate. Withholding tax of 15% for interest paid to US residents. 22% tax rate on certain other payments to non-residents of Singapore.
HK has a 16.5% corporate tax rate. No withholding tax on dividends but there is withholding tax on other payments such as interest or royalties, depending on jurisdiction of the taxpayer and the applicable tax treaty.
@@petertu7359 Hong Kong has 2 levels of CIT, the first one to obtain income up to HKK 2 million pay 8%
Above this limit, we pay 16.5% CIT, but there are also many other tax optimization possibilities that are more beneficial for the company. you can include more things in costs, reducing the amount of corporate income tax.
If you share any information, do it honestly, and if you don't have any knowledge about something, don't bring it up.
Estonia is dying
Latvia taxes quite the same as estonia = 0 % CIT which is NOT distrubeted on kept in the company.
Why not use the Cayman Islands?
Great video, Dan!
The biggest challenge for non-residents selling into the U.S. with a U.S. LLC is determining if you are engaged in a U.S. trade or business and have U.S. sourced effectively connected income, which is only determined by analysis.
The challenge is that you will get different opinions on this subject depending on which U.S. tax attorney or CPA does your returns.
Non-resident entities should evaluate whether a U.S. protective return should be filed or U.S. tax must be paid by going through the same evaluation process.
Hi! wondering why you did not include the Cayman Islands? We have no corporate or distribution tax for offshore companies...
Excellent video, Dan! I really enjoyed your presentation and style. You took a complex topic and broke it down really well. Great info!
Sub +1
Brilliant summary & comparison ! how about Dubai ? can you add it please ?
Dan. Which one would you pick amongst Isle of Man, Jersey Island and Guernsey? I mean they are all Crown dependencies and all are tax free for corporations.
@Dan Rodgers! Do you provide paid Amazon FBA Wholesale training?
very on suirface info, especiall in era of ai
Detailed and well presented. Thank you!
Spectacularly useful video, Dan. Thank you SO VERY MUCH for presenting the all-in costs, and very lucid explanations of the breakdowns. I'll subscribe for a bit, and see what else there is to learn from you. ^‿^
Hello dear sir when i create shipment plan getting
warring messages
Box volume does not meet the expected minimum cubic inch 7,904.00?
should i ignore this message.
My shipment 4,832.1 cubic inch 3 box same dimensions.
For Georgia the insert you provide states 5% tax for the dividends to a foreign individual, not 20%. Which one is correct please?
And here i am as a belgium citizen paying 51% taxes on everything
Need creative ways to defer.
What about Spain?
Greetings from Cyprus Dan!!!
Hey marchi! Are there really a lot of stray cats?
@@DanRodgers to be honest i had to search for this in the internet and i was amazed too by the numbers!! I know we do have many stray cats but you dont get to see that many in the streets like the pictures on the internet shows. I mean you dont walk down town and you see cats everywhere!! You will make me count from now on how many cats i see in the streets!! As for the low taxes, yes, that is definetely true and we have so many offshore companies here now. Some have only their companies just registered here or they have offices too. Especially in a town called Limassol. At first it was just Russians but now its from all over the world. We are talking big money and not always legal ofcourse. If you ever need any info or help from here let me know.
@@marchri32 so lets say if I live in Poland but setup a company in Cyprus, would that cause any problem in Poland? A shell company for example with an offshore bank account
Very valuable video 😁
Thank you for this directly answered video brother
UAE??
Nice content