Hacker News new | ask | show | jobs
by Radim 4157 days ago
You should be asking questions about your tax domicile, double taxation treaties, your personal legal status w.r.t. to this company, cost of extracting personal profits from this company, can you get a bank account as non-resident, VAT rules etc.

Lots of variables there.

Tax offices in most countries have ways of ignoring cute little "bulletproof" accounting setups, throwing the book at you even retroactively (money, even jail time).

I mean, if you're a small fish, you may well slip under the radar. But obviously you're asking for trouble if you set up a company somewhere, hoping for the best, because someone on HN suggested "country XYZ, low taxes!".

For what it's worth, I "digitally nomaded" through Asia on tourist visas, acting as my normal, home legal entity. No problems. But don't take that as legal advice :)

1 comments

Exactly.

For example you don't charge VAT for intra-EU invoices and in practically every EU country you're liable to pay taxes there in case you stay there for more than 183 days. There's just no blanket solution here - at least not at the small-fish level.