Best way to get it is via the Thailand Elite Visa program.How do you get official residency in Thailand though?
Best way to get it is via the Thailand Elite Visa program.How do you get official residency in Thailand though?
Thanks for the information. Can you also give more details about this? I have 2 companies in UAE and they should be considered as permanent establishments in the UAE. I don't pay VAT or kind of income/corporate tax because of UAE laws.OP should not forget that if he lives permanently in UAE, then his estonian company will however follow UAE laws. It becomes a permanent establishment in UAE because he is running it from there. Unless he is not there permanently.
I guess he means that If you manage your Estonian company from the UAE and you live in the UAE most of the time, then it's more likely that your Estonian company would be considered a UAE company from a tax perspective because of PE (permanent establishment) laws.Thanks for the information. Can you also give more details about this? I have 2 companies in UAE and they should be considered as permanent establishments in the UAE. I don't pay VAT or kind of income/corporate tax because of UAE laws.
Wonder the same, have been around for long many posted that they have a Thai residency.How do you get official residency in Thailand though?
True, however the second partner can be a company, given OP mentioned having already 2 UAE companies. I just find using a UK LLP would be more clear cut for the case being debated hereLLP needs 2 members
I didn't check UK LLP but 2 member requirement looks like extra paperwork. Are there any benefits UK LLP over Estonia company? I am receiving money from Ireland companies(Google & Apple) and the UK will exit the VAT regime next month. I invoice with 0% VAT(B2B intra-community) but I'm not sure how Brexit will change this.True, however the second partner can be a company, given OP mentioned having already 2 UAE companies. I just find using a UK LLP would be more clear cut for the case being debated here
The benefit depends on the use you want to do, LLP is completely tax transparent and it's crystal clear profits are distributed to members without any limitations and tax-wise only members are taxed based on their place of residence. Adding a second members to the LLP is straightforward, not much of a paperwork. I assume requirements on accounting are similar to an Estonian company, no shareholder privacy in both cases.I didn't check UK LLP but 2 member requirement looks like extra paperwork. Are there any benefits UK LLP over Estonia company? I am receiving money from Ireland companies(Google & Apple) and the UK will exit the VAT regime next month. I invoice with 0% VAT(B2B intra-community) but I'm not sure how Brexit will change this.
In order to get Thai permanent residence, one need to have work visa, work permit, work for 3 years and pass language test. All other visas (spousal, retirement, elite) do not qualify.Wonder the same, have been around for long many posted that they have a Thai residency.
Good suggestion, may be a bit limited in terms of banking options if you can't get an EIN, but from what I read TW would probably open to a NM LLCIs there any disadvantage of using an US LLC? An LLC from New Mexico would also provide privacy besides taxes being passthrough.
If someone is living in a territorial taxing country with zero taxes for foreign income, wouldn't a NM LLC be offering both privacy and 0 taxes?
You get taxed in Thailand on foreign income remitted in the kingdom during the year of assessment.I have met with their tax advisors via their online consulting service and the tax advisor I met confirmed that this would work and mentioned that a lot of their customers run Estonian companies from Thailand, and pay themselves a salary tax-free from an Estonian point of view + no tax in Thailand as it’s considered foreign-sourced and no CFC rules. I
Over 182 days in the country.How do you get official residency in Thailand though?
Good suggestion, may be a bit limited in terms of banking options if you can't get an EIN, but from what I read TW would probably open to a NM LLC
@rowena did you succeed with your estonian-UAE 0% tax strategy? I would be happy to hear some udaptes.
Next year's CIT tax could maybe complicate this setup due to PE
I went with UK LLP instead of an Estonian company. It is cheaper, faster and still has 0% tax but I will close it before 2024 because it will be subject to CT starting from 01/2024.@rowena did you succeed with your estonian-UAE 0% tax strategy? I would be happy to hear some udaptes.
Next year's CIT tax could maybe complicate this setup due to PE, but maybe it shouldn't change much if you are only receiving salary even with 9% CIT
Why? Salaries will not affect from UAE CT.Next year the 0% tax strategy on salaries will not work anymore.