@isaiah122 I’m from Brazil , you just pay no taxes if you declare yourself as non resident .For example I live in Ireland and to avoid paying taxes in Brazil I signed a paper saying I was leaving Brazil and that means I can’t have current accounts or invest. I only pay my taxes in Ireland.
@isaiah122 You need to look for countries with a territorial tax system. Such as Dominican Republic. Switzerland has 10% tax. But it’s pretty expensive.
@isaiah122 As you mentioned, you should contact a legal advisor about it, not some randoms on Reddit. I am sure you won’t be able to avoid taxes this way if you still live in Spain. That is too easy.
@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).
@oceanbreeze4evr But then you will be paying the withdrawing tax + personal tax in your tax residency country. Isn't the only benefit that you can withhold the money in the company without being taxed until you decide to withdraw some of it?
@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.
@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?
