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@hoorayitsme Very useful info regardless if you're not a tax advisor. I appreciate you sharing your experiences and knowledge.

@hoorayitsme "Depending on how you choose to pay yourself from your Estonian e-resident business, you may not have any personal tax liability at all in Estonia. This is because, while directors fees are taxable in Estonia, employees salaries are not. And yes, it is possible for a director or...

@hoorayitsme Care to explain further?

@oceanbreeze4evr "Depending on how you choose to pay yourself from your Estonian e-resident business, you may not have any personal tax liability at all in Estonia. This is because, while directors fees are taxable in Estonia, employees salaries are not. And yes, it is possible for a director...

@oceanbreeze4evr Sorry, what other company are you talking about?

@oceanbreeze4evr Wait, but why 20% income tax? Isn't that the Estonian rate? I won't be living in Estonia, i will pay income tax wherever I'm a tax resident right?

@oceanbreeze4evr So if I don't pay dividends and pay the profits as salary to myself, I wouldn't pay any corporate tax, right? That's what the people at xolo.io told me at least.

@jesusisaliveforever I definitely will hire a legal advisor. Also I never said I want to avoid taxes, and I'm not gonna live in Spain anymore. I don't think you got the general idea correctly (maybe my fault for explaining myself badly).

@katehuston55 Yeah Croatia is very expensive. Bulgaria /Macedonia /Albania seem better in that regard.

@parsonbrown Spot on. 💪

@matheww1 I want to go to south east Asia during Europe's winter and come back in the summer. Weather is fine in eastern Europe during the summer (was in Croatia in September and it was even too hot). However prices and cost of living are very attractive. Also very safe and kind people.

@gagirl1961 Don't feel bad, I'm just getting to where this guy is at 39.

@matheww1 In Spain I need to pay the autonomo monthly fee and the IRPF. I don't pay VAT because my income doesn't come from Spain. However I don't want to live in Spain anymore regardless of the taxes. I want to live half of the year in Eastern Europe and the other half in South East Asia...

@ian16 I've been told by xolo.io (the company that takes care of the legal work for you) that you can pay yourself as a salary and that way you pay no corporate tax in Estonia. I was told the same by the guy living in Brazil. Apparently as far as I understand it, you only pay corporate tax in...

@rbroyal What about if I already have a company set up elsewhere but want to pay taxes there? I assume I would have to rent a property, get some kind of residency?

@professor Whoa, that article was very good. I didn't know about the individual option. That's sort of like the autónomo in Spain but much better. 15% would be good enough for me to just get my fiscal responsibility taken care of and have peace of mind. Thanks a lot for sharing that!

@professor Thanks for explaining!

@professor I will be completely honest with you because I have no clue about this stuff. If I pay myself a minimal salary what happens with the rest of the money? Does it remains as a company profit? What happens if I need it at some point?

@professor My situation is the following, I work for a Swiss company as a freelance contractor and get a regular salary of 2.5k every month paid through Deel, from where I can send it anywhere, bank, Wise, Revolut, crypto etc. I bill them from a Spanish autonomo account right now, however I want...

So I applied for the Estonian digital residency and got it approved. My plan now is to open an Estonian digital company using a service such as xolo.io, and become a tax resident in some cheaper country in the Balkans (I´m going to check Bulgaria first this January, I rented an Airbnb for a...