Recent content by saduna

It is best for you to use an attorney in preparing a Power of Attorney for remote banking. You can specify what you are authorizing the other person to do, for example just for opening an account but no authority for financial transactions. You can also put a termination date on POA. I have a...

Did this in Georgia. You need to give Power of Attorney to someone in Georgia for this to work. Then the bank invites you to a video call whose purpose is to check your ID, verify you actually signed the POA with notary and apostille, and ensure you know what you are doing by giving a POA to...

You become a shareholder in a company in a country other than where you live. The shareholder structure, agreements and company charter is set up so that this is not classified as a CFC according to the tax laws of your country of residence. The company invoices your customers and has the...

You can set up a company in a country outside Italy, but with correct structure/partner to avoid Italian tax regulation from day one. As long as you are residing in Italy, the money you take from the company is subject to Italian taxes. How you take the money can change your tax rate, e.g...

In all the countries I know in Europe, there is no exit tax if you move somewhere else to live/work for 6 months or longer, even in US. Exit tax exists for US citizens if they leave US citizenship. The country the company is set up determines the rules for company taxation. When a company...

I recommend one of two options. (1) If your local taxes don't bother you and you don't have issues with your employer for doing consultancy on the side and you can manage costs of having a local company, then do a local company. Type of company will depend on your long term plans, will change...

You can do offshore company to avoid most of VAT across EU, but this is related to what is the virtual service you are selling, what do you need to have to provide the service -can it be offshored, and how your revenue is distributed. If you really need to keep your company in Spain to provide...

What you do depends on your country of citizenship. For any EU country I have seen, they treat Seychelles company as a potential tax evasion scheme. Firstly in almost any EU country you are required to report your foreign income. If you own/control a foreign company you have to pay taxes on...

really funny :cool:

If you are serious about Georgia, it is possible to arrange for a complete hands off managed company with proper setup for tax advantages not just in Georgia but also in your country of residence. Managed company means you don't need worry about banks, VATs, etc. that is all taken care of. You...