Types of Offshore Company Tax Savings

nomadcapitalis...
There are several offshore company systems out there and what works for one person doesn't necessarily have to work for you as well.
What you should do is analyze and understand your situation carefully and cherry-pick the right system for you:
1:34 - Low tax system, present in countries like Bulgaria, Cyprus, Montenegro in Europe, as well as Labuan (Malaysia), Mauritius, etc. where tax goes around 9-10%;
2:25 - Deferred tax, in countries like Georgia or Estonia, where you practically don't have to pay any tax as long as your money stays within your company and is being reinvested.
However, if you want to take the money out of it, the tax can go up to 20%;
4:07 - Exempt company system, characteristic for Hong Kong or Malta. Basically, if you follow certain rules you can potentially pay as little as zero tax;
5:07 - Zero tax system in tax havens such as Belize, Seychelles, some of the UAE countries.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[@shaunkhan409]

Awesome video
Please do some videos for Non Us Resident wanting to do business in the US.
Setting up a US. LLC with bank account offshore (Belize, St Lucia)
Great advice as usual.

[@elephant637]

These videos are incredibly informative. Great job !!!!!

[@ravsingh1576]

Thank you for this video. Tax is often a complicated area and not discussed much with a basic breakdown. Thanks for sharing

[@BucketListTravellers]

Thanks for explaining this so succinctly. Lots of things to think about to ensure your finances are structured in an optimum manner!

[@bogoja2004]

Macedonia indeed has 0% corporate tax rate on reinvested profit and 15% on paid dividends (as of 2019, before was 10%), but also is worth to know that there are announcements from the government to decrease it to 3% for IT companies exclusively.

[@didierdenice7456]

I don't recall having heard you speak about Bulgaria ! Only 10% income tax and 10% corporate tax ! A fine country to live as well...

[@dlukton]

I'm not sure that getting legal residence there is all that easy for a person who is not already a citizen of an EU country.... unless, of course, he's willing to shell out a lot of money (like around $585,000)

[@MAGNATEOfficial]

Ummm, lets just say its not the prettiest nor safest country in the world, so I’d think twice about living there

[@dKeypenzioner8847]

Bob Proctor Junior, Thanks Amigo

[@ajk9708]

i am planning to register my online business offshore in panama and become a employee of the company and get profits as a pay annually like 200K and leave rest of that profits in company account and buy house here in NZ as a investment from company account .

[@thuongthoi056]

Awesome content can believe you give it free ❤
Please make a video for app business!

[@MrSensitiveNipples]

I want to incorporate my business in Georgia, not necessarily for any tax benefits, but instead to give the Georgian government a good reason to let me stay on temporary, or permanent residence.

[@didierdenice7456]

In that case you may really gain by changing your pseudonym :-)

[@MrSensitiveNipples]

@@dianadeejarvis7074 That's a great idea, I don't have the money to do that just yet as the minimum investment for that is U.S. $35,000 for temporary residence.

[@TomD0131]

@MrSensitiveNipples wow I saw you comment on another video I watched completely unrelated to this months ago and I died when I saw your name. Please randomly pop into my life again soon!

[@Boristien405]

Why would anyone do a country like Bulgaria when Hong Kong and UAE are cheaper regardless of how you handle the money? Only for the EU trade? If two countries is there any country that is just objectively better for business due to overwhelmingly lower taxes regardless of method?

[@hemantparakh8995]

I pay my Taxes in Foreign Countries by skipping that particular Country kindly suggest where should I go Internationally

[@danielluster732]

Interesting. :-)

[@tysiacnoga5523]

Where is that view?

[@nomadcapitalist]

Singapore CBD