Best European Countries to Trade from
- Thread starter countercountertrend
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In Estonia you pay 0% Tax no matter how and what you trade. Period.
You pay taxes (20%) only when you will get the money out of the business ie. into your pockets. So this is the place where you can accumulate your equity for years and pay one-time tax only when retiring.
Then of course if you have to pay some dividends for your living expences you can do it just paying 20% taxes. This is valid only for the first 3 years then the rate will get lowered to 14%. Remember these are peanuts while your main equity is growing in the business.
It makes a big difference if you can compound profits without paying taxes annually. Use your calculator and see the Big difference.
Estonia infrastructure is high and quite cheap to live in. The country belongs to EU so you can expect it as stable as other northern Scandinavian countries like Sweden, Norway and Finland. English is not an official language but the english is quite well supported. No need to learn Estonian
For the official papers (tax reporting, accounting, immigration etc.) you will need some normal advice service which can be easily found in english and is not very expensive.
You pay taxes (20%) only when you will get the money out of the business ie. into your pockets. So this is the place where you can accumulate your equity for years and pay one-time tax only when retiring.
Then of course if you have to pay some dividends for your living expences you can do it just paying 20% taxes. This is valid only for the first 3 years then the rate will get lowered to 14%. Remember these are peanuts while your main equity is growing in the business.
It makes a big difference if you can compound profits without paying taxes annually. Use your calculator and see the Big difference.
Estonia infrastructure is high and quite cheap to live in. The country belongs to EU so you can expect it as stable as other northern Scandinavian countries like Sweden, Norway and Finland. English is not an official language but the english is quite well supported. No need to learn Estonian
For the official papers (tax reporting, accounting, immigration etc.) you will need some normal advice service which can be easily found in english and is not very expensive.
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In Estonia you pay 0% Tax no matter how and what you trade. Period.
You pay taxes (20%) only when you will get the money out of the business ie. into your pockets. So this is the place where you can accumulate your equity for years and pay one-time tax only when retiring.
Then of course if you have to pay some dividends for your living expences you can do it just paying 20% taxes. This is valid only for the first 3 years then the rate will get lowered to 14%. Remember these are peanuts while your main equity is growing in the business.
It makes a big difference if you can compound profits without paying taxes annually. Use your calculator and see the Big difference.
Estonia infrastructure is high and quite cheap to live in. The country belongs to EU so you can expect it as stable as other northern Scandinavian countries like Sweden, Norway and Finland. English is not an official language but the english is quite well supported. No need to learn Estonian
What will happen if you accumulate and just before withdrawing all your money you leave Estonia?
"all your money" what ?
If you don't pay dividends the money will be held in your bank accounts. In this business you have to use several brokers and bank accounts to lower the risk of their failure. No matter where you trade. Everything can fail. Nobody is in 100% safe.
If you don't pay dividends the money will be held in your bank accounts. In this business you have to use several brokers and bank accounts to lower the risk of their failure. No matter where you trade. Everything can fail. Nobody is in 100% safe.
There would be no money in any Estonian bank account. The money would be transfered from brokers (outside of Estonia) to an account outside of Estonia. If you don't have Estonian nationality it will be difficult to be caught as long as you stay away from Estonia.
A bit like East Europeans who come to the West to steal and go back home.
Remember the US trader who quickly left the US and ran to Switzerland? He became Swiss and the US could not get him delivered anymore. I forgot his name. Mark Rich?
You will need a permanent address in Estonia to be able to open an account in brokers and banks. You also will need an entity to trade from which is llc or corp . You have to move into country but do not need any nationality just recidency permit to do this scheme.
Nothin is perfect in this world.
Go Dubai, pay 0% taxes BUT oh boy it's just a too hot place to be in
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For me it's just a perfect setup to be in. Im from Finland which is not very far awayOK, I will not come.