|
|
|
|
|
|
by arshsingh
2813 days ago
|
|
|
> Are you prepared to travel to Tallinn and visit local banks in person to try convince one to open you a business account? This can be deferred though. You can open an account with Transferwise or Holvi online and recieve payments/pay yourself a salary. You only need a bank account once you want to pay the share capital or withdraw dividends. Also, if you use leapin.eu they get you a "pre-acceptance" from LHV bank _before_ you travel to Tallinn > If you pay a dividend at the end of the year, it’s taxed as capital gains Really ? I'm not in the EU but I would assume dividends would be taxed at regular income tax rate or a special dividend tax rate (and the company would pay corp tax). Only if you sell your shares in the company, the profit would be taxed as capital gains. |
|
|
> Really ?
Yeah, really. At least this is the way it is in Germany. One should note, though, that taxes on capital gains are just another form of income tax and the boundaries are somewhat blurry. In particular, it doesn't necessarily mean you're paying more in taxes only because it's capital gains. (See also: https://de.m.wikipedia.org/wiki/Abgeltungsteuer)