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API Orchestration Specialist
2
MONTHS
2 2 MONTHS OF SERVICE
LEVEL 2
1000 XP
Hello, I'm a Golden Magikarp and I'd love to talk about Pokemon,
but today there is something more serious to talk about.
Big Business, huh? Tax so high it hurts! Alternatives?
I'll be giving you an US example, but this is easy to apply on any country.
You can legally reduce your US tax bill by moving your business offshore, but only if you move yourself along with it.
Keep in mind that you could still be in your country for 183 days* / year without being a resident. *numbers can differ depending on your country
For many people looking to keep hold of more of their earnings, the United Arab Emirates is high on the list of potential countries.
Not only is there no income or corporation tax, but salaries are high too. If you offer a digital service, you can move your business to another country.
Before considering to move you should prepare following steps:
Stay abreast of foreign financial affairs. You will have to employ a financial expert to guide you, but it’s no use if you don’t know what they’re talking about.
Read the Financial Times, watch world news channels and read up online to ensure you gain a proper understanding of the market.
Of course you can't move right now because of Corona... This is an important decision and you should take your time for it anyways.
Ask yourself what's more important for you. Being tax free or keep being a resident of your country.
let me know your opinion down below & if you own a company or are still using stealth paypals / hiding in crypto... + ever caught a golden magikarp?
but today there is something more serious to talk about.
Big Business, huh? Tax so high it hurts! Alternatives?
I'll be giving you an US example, but this is easy to apply on any country.
You can legally reduce your US tax bill by moving your business offshore, but only if you move yourself along with it.
Keep in mind that you could still be in your country for 183 days* / year without being a resident. *numbers can differ depending on your country
For many people looking to keep hold of more of their earnings, the United Arab Emirates is high on the list of potential countries.
Not only is there no income or corporation tax, but salaries are high too. If you offer a digital service, you can move your business to another country.
Before considering to move you should prepare following steps:
Stay abreast of foreign financial affairs. You will have to employ a financial expert to guide you, but it’s no use if you don’t know what they’re talking about.
Read the Financial Times, watch world news channels and read up online to ensure you gain a proper understanding of the market.
Of course you can't move right now because of Corona... This is an important decision and you should take your time for it anyways.
Ask yourself what's more important for you. Being tax free or keep being a resident of your country.
let me know your opinion down below & if you own a company or are still using stealth paypals / hiding in crypto... + ever caught a golden magikarp?