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by x11antiek 764 days ago
Dude, I think you really need to talk to a professional tax consultant and ask them about it. There are so many tax optimization schemes... I think you will be amazed at the opportunities that exist :-) "Where do I want to live?" and "In what jurisdiction do I need to register my business to maximize profit from my operations?" are two very different questions.
1 comments
ahmed546 764 days ago
Yeah, but the optimization is limited and I was asking what I could be expecting.

There definitely are quite a lot of people that do move to Romania, Dubai etc.

Probably 'cause they're not satisfied with the amount optimized.

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x11antiek 764 days ago
No offense man, but imo, you have a lot of incorrect assumptions just because you are inexperienced in the topic. People live in Romania and Dubai for very different reasons. You can run a very profitable business and pay very little income tax anywhere, and have personal real estate, cars, investments, etc, registered to business entities worldwide. This is not a "pay 40% income tax or leave" situation as you think it is. And moving to Romania, believe me you will encounter other issues with running a business there. (I live in the Balkans.) Good luck.
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ahmed546 764 days ago
Why would people move to Romania if not for taxes? It's basically third world.

What you're saying sounds too good to be true. If it was like that nobody would pay tax and the government wouldn't be able to fund basically anything.

What would these issues be if you mind elaborating?

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throwaway11460 764 days ago
Business opportunities in energy, mining and manufacturing sector, extremely cheap land and it's basically third world - some people like that and for some it means additional business opportunities.

Employees can't do the tax optimization described above, but as a business you have much more options. This is the distinction basically - there are many people who want to be employed and don't want to move. Business is a legal person separate from you, it can exist anywhere you choose.

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ahmed546 764 days ago
Can a freelancer optimize his taxes to the same extent as a small business owner?

Why would people want to be employed in a country like the Netherlands?

It's not like the US with crazy expensive healthcare, heck it's free over here.

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throwaway11460 763 days ago
No, freelancers don't have the same options. Self employment is generally tied to your personal tax residency.

Well not everyone is a software engineer who can create products from thin air while sitting on the toilet. Some people like the stability etc.

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