Recent content by lagloriacubana

What is it that makes people so deeply sold on the whole “Scandinavian Way”? Like, how exactly do they get their citizens so convinced it’s the best system out there? I’ve had a friend move back from Malta to Stockholm, another Danish friend who actually loves paying taxes (he reminded me of...

Ok Devil is in details. If you are looking at doing these on level of digital nomad and to replace a small salary sure. However to run it on scale, delegate it and to make serious money - whole different beast. I know it from being in the trenches in this industry.

Sure and there are books which reveal businesses that used to work 5-10 years ago. But is he doing business now and revealing what is working at the moment and making him easy money? Or what real edge he has?

You are either someone who is a kid thinking you will find some magical nugget or someone who has never run business. No one, literally no one will tell you what’s making them money. If they do tell you something works, it is to sell courses or “mentorship”. But you do you, and stop with the...

lol. Do you want me to reveal exactly what makes me the most money and is easy? Do you even want me to give you details of where I hide the bodies?

Yeah not to mention in another thread JackieTsan mentioned he doesn't have UAE residency. So yeah that's that too.

You raised an invoice -> client paid it -> company gets income -> you make profit above 350,000 AED -> you pay 9% tax on what you make as profit above the taxable threshold.

It is usually 4-5% + what card scheme charges (interchange+ model). As a rough ballpark I count 10%

why are you reluctant to name it?

Further updates: However, this is the part which confuses me: What exactly does “foreign reporting companies” mean?

There are otc desks in Barcelona who all require KYC, which in your case should be ok. But you mentioned islands. Mainland islands or Tenerife?

*Laundering :P Lets wait for @nexusblue to reply before you throw such big words @greenline - just because our communist overlords call something bad doesn't mean cash is inherently bad.

Why do you need cash? You can't really use much anyway: https://sgmlegalspain.com/spains-rules-and-limits-on-cash-payments/ Do you want to deposit it to some sort of account?

I don't know anyone I can recommend but stay far far away from Virtuzone.

Nah, it’s easy to see who is actually big vs faking it when you try to spend money with them - i am in that process with James and no way he has time (or stupidity) to do such things. I think @Forester can back me here that James is legit.