Monaco with NO income tax / what else country?

d08 said:
If your aim is to pay 20% then that's quite easy. Countries like Estonia (20%), Latvia (15%), Romania offer this and the first two don't have any security issues. All countries have their peculiarities, which I'm not going to talk about, Deloitte's leaflets are available online and offer good (and reliable) information.
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Probably, someone already had a similar issue before like us, e.g. http://www2.deloitte.com/global/en/services/tax.html?icid=bottom_tax

For comparison of income(CapGainTax) tax rates for each country, this consulting is helpful to SportsStar (soccer) with huge income.
 
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d08 said:
If your aim is to pay 20% then that's quite easy. Countries like Estonia (20%), Latvia (15%), Romania offer this and the first two don't have any security issues. All countries have their peculiarities, which I'm not going to talk about, Deloitte's leaflets are available online and offer good (and reliable) information.
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Tax rate comparison in Wiki / http://en.wikipedia.org/wiki/List_of_countries_by_tax_rates

1) Estonia 20%fixed
2) Latvia 24% flat
3) Romania 16% to 33%
 
jk90029 said:
Tax rate comparison in Wiki / http://en.wikipedia.org/wiki/List_of_countries_by_tax_rates

1) Estonia 20%fixed
2) Latvia 24% flat
3) Romania 16% to 33%
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You would set up an LLC in every country, not trade as an individual. Therefore it would be 20%, 15%, 16% respectively. There might be other costs as some countries would require you to pay yourself a min. salary from which you pay social security. But since you're comparing those to Monaco, that's chump change.
 
d08 said:
You would set up an LLC in every country, not trade as an individual. Therefore it would be 20%, 15%, 16% respectively. There might be other costs as some countries would require you to pay yourself a min. salary from which you pay social security. But since you're comparing those to Monaco, that's chump change.
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There will be minimum of setup charge (by government) with min capital, in each country.

For example, if you have 1000K total, then one LLC with 100K in each 10 countries so that low tax is paid.
 
Here are countries <=10%.

1) Andorra
2) Bahrain
3) Bahamas
4) Brunei
5) Guatemala
6) Kuwait
7) Macedonia
8) Mongolia
9) Oman
10) Paraguay
11) Qatar
12) UAE
 
Please note that US max rate is "55.9% (max of federal+state+local) 10%-39.6% (federal)[122] +
0%-13.3% (state)[123] +
0%-3% (local)"

For Corporate, "15%-39% (federal)[120] +
0%-12% (state)[121] +
0%-3% (local)"

For Sales VAT, "0%-11.725% (state and local)"
 
d08 said:
You would set up an LLC in every country, not trade as an individual. Therefore it would be 20%, 15%, 16% respectively. There might be other costs as some countries would require you to pay yourself a min. salary from which you pay social security. But since you're comparing those to Monaco, that's chump change.
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Not entirely correct. The rates you give is corporate taxation. If you want to take the money out of the company to spent it you will pay again taxes between 5% and 25% depending on the country. So the level of taxation will be much higher.
You also have the cost of the administration of the company. In Europe you will have to proof that there is a real management in the country of low taxation, so you need people working for you, which will cost again, or you should move there, which will cost you again.
If you make over 1 million a year the cheapest and safest solution will be Monaco and trade in your personal name. Only cost will be rent of a flat and live there 3 months a year. This construction is 100% waterproof. LLC in low tax countries is not 100% waterproof.
 
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