Clear search
Remote Jobs  Nomad Insurance Chat Meetups Visas & Residency New Climate Finder Forum FAQ Dating New Members Hire Remotely Open menu
๐ŸŒ Join Nomad List๐Ÿ‘‹  Log in
Nomad List  Homepageโš™๏ธ  Settings๐ŸŒ—  Dark mode โค๏ธ  Your favorites๐Ÿš‘  Nomad insurance
๐Ÿ’ฌ  Chatโค๏ธ  Dating๐Ÿธ  Meetups๐ŸŽซ  Members map๐Ÿœ  Explore๐Ÿ’  About
๐Ÿ”ฎ  Random place๐Ÿ”ฎ  Random good place
๐Ÿ“ธ  Vote on photos๐Ÿ’ธ  FIRE calculator๐ŸŒค  Climate finder๐Ÿ’ฅ  Fastest growing๐Ÿ”Œ  Fastest internet
๐Ÿ›ฐ  Remote jobsโœˆ๏ธ  Airlines๐Ÿ—บ  Neighborhoods๐Ÿ  Coworkations๐Ÿ“  Remote work visas๐Ÿ”“  Open startup

๐ŸŽซ Welcome to your Nomad List profile!

๐ŸŽ’ Add all your previous trips, current location and future travel plans here

๐Ÿท Set what you're ๐Ÿ‘€ looking for + ๐Ÿ™ƒ your interests

Visit your profile by clicking your avatar any page and then click [ ๐Ÿ‘‰ Your profile ]

๐Ÿค After adding your trips, see who's around you on the right side of every trip, or by browsing on the Members map, and meet new people with the Friend Finder or Dating feature.

๐Ÿ’จ This popup will disappear after you've added your first trip

Start by adding your current place as your first trip
Fullscreen
3D
+-
2016-11
2019-09

@roadwarrior

Send a Message

Like

Follow

4

trips

22,312

km

2%

of the world

4

countries

4

cities



Near people All people201920172016
Add trip
Cancel
 17 Sep '192mo16 Nov '1916 Nov '19
17 Sep '19

Canggu, Bali

27ยฐC
Indonesia
2017
 17 Oct '175mo15 Mar '1815 Mar '18
17 Oct '17

Casablanca

24ยฐC
Morocco
 
 17 Sep '172mo16 Nov '1716 Nov '17
17 Sep '17

Radisson Blu Resort

Spain
2016
 16 Nov '161mo16 Dec '1616 Dec '16
16 Nov '16

Capetown Church Of Christ

South Africa

๐Ÿ—ฏ Forum replies

๐Ÿ‘
312
๐Ÿ‘Ž

Best place to set up a company selling digital services?


by @pras_k  | 10 comments

Whatโ€™s the best place?
For residency Iโ€™m looking at Portugal and they have the NHR (non habitual resident) program which would exempt dividends from foreign income.
So all Iโ€™m really looking for is the best place to actually start the company.
Biggest factors are of course low taxes and ease of setting up the company plus a business bank account that enables me to receive payments through Stripe.

What I found so far:
Hong Kong
Corporate tax rate of 16.5% (8.25% for the first HK$2 million)
โŠ•/โŠ– offshore income from outside HK is exempt from taxation but itโ€™s not clear whether this can be done in the first year and prorated or if itโ€™s only through filing the offshore exemption claim. This might take two years and requires not income from HK at all. More info on that would be great
โŠ– seems very difficult to get a business bank account
โŠ– necessary services and fees are roughly around โ‚ฌ2000 / year
โŠ– accounting requirements seem to be very strict
โŠ• Doesnโ€™t require local partner
โŠ• Agencies available that seem to handle most of the work

Singapore
Corporate tax rate of 17% (0% on the first S$100k, 8.5% up to S$300k)
โŠ– requires a local director. What are the implications of this?

Malta
Corporate tax rate of 35%
There is the โ€œfull imputation systemโ€ but I donโ€™t really understand it.
"In most cases, the tax refund to the shareholder is 6/7 of the tax paid by the company on profits distributed as dividends. The tax refund rate may be different in the following cases: " This would result in an effective corporate tax of around 5%.
โŠ– European customers would have to pay VAT and Iโ€™d have to deal with that

Cyprus
Corporate tax rate of 12.5% and there seem to be ways to lower this
โŠ– European customers would have to pay VAT and Iโ€™d have to deal with that
โŠ– requires staying in Cyprus for 2 months / year

I find it surprising how much research this requires and how much โ€œit dependsโ€ information is out there when Iโ€™d assume that there are probably thousands of digital nomads who probably have very similar requirements.

๐Ÿ‘
312
๐Ÿ‘Ž

๐ŸŒŽ Regions collected (3 of 9)

๐Ÿšฉ Flags collected (4 of 276)

๐ŸŒ Top countries

  • Morocco

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿ˜™ Affordable
    ๐Ÿ“ก InternetWiFi ๐Ÿ™‚ Good
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety mediocre
    Tap to open
    โ˜€๏ธ Feels 24° 75° 24° 76°AQI 21
    5mo
    $1,683 / mo
    9Mbps
    ร—
  • Spain

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿ™‚ Okay
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun good
    ๐Ÿ‘ฎ Safety mediocre
    Tap to open
    ๐ŸŒฅ Feels 29° 84° 27° 81°AQI 31
    2mo
    $2,780 / mo
    29Mbps
    ร—
  • Indonesia

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿ˜ Cheap
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety good
    Tap to open
    ๐ŸŒฅ Feels 34° 93° 29° 84°AQI 36
    2mo
    $802 / mo
    11Mbps
    ร—
  • South Africa

    โญ๏ธ OverallAll 
    ๐Ÿ’ต Cost ๐Ÿ˜™ Affordable
    ๐Ÿ“ก InternetWiFi ๐ŸŽ Fast
    ๐Ÿ˜€ Fun mediocre
    ๐Ÿ‘ฎ Safety bad
    Tap to open
    โ˜€๏ธ Feels 18° 65° 18° 64°AQI 103๐Ÿ˜ท
    1mo
    $1,757 / mo
    12Mbps
    ร—
  • ๐Ÿ•บ People they cross paths with most

    Expand all 109 people

    ๐Ÿค— Following

    โ€นโ€บ
    ×
    USD โ”€ $
    ยฐF
    โœจ To see all results
    Join Nomad List
    953ms
    Messages
    Open IM list
    Send
    Sorry, this is taking a while...