Everybody is fed up with the tax burden on his/her personal or/and corporate income. It is a Fact!
Tired of working 12-months a year as owner of small or medium business and waiting to see if the tax day will change this year?
Or you are being freelancer/nomad who likes working from different locations and wondering why you are paying taxes where you spent less than one month a year?
Actually, you could optimize your situation with little guidance. Yes! You could do that and it is 100% legally!
We would like to introduce you Mike and Sofia. They are our examples in the two cases we will explain you.
Mike is a web developer from Denmark who has IT company and working for few big projects. But he is in love with Indonesia and decides to work from there. Well, after you could afford that, would you miss the opportunity? But at the end of the fiscal year in Denmark, he found out that his tax burden is increased to 41% for his personal income. The percentage for his company is even more.
How he could optimize his taxes in legal way? The answer is not so difficult – to find a country with low tax system and to be taxable there. In that way he could keep his citizenship and travelling to different locations, and meanwhile to pay less tax for his company and himself.
Mark was innovative and tried to find a solution in Google. You, as well, could check which places are suitable for your case and how to optimize your future.
Or maybe we could assist you? Do not hesitate to contact us.
But let’s not forget about Sofia. Her story is quite different. She is technical manager in big marketing company located in England. She agreed with her bosses to get paid through her Ltd. This is great for both sides as they reduce cost.
But Sofia will still pay company tax if she wants to get her money out, right. She remembered that once her friends told her about this kind of a solution. Although she was skeptical, she gave it a try and found few countries like that such as Malta, Bulgaria, Cyprus and so on.
She knew that this relocation is not possible without changing the focus of her work. There are plenty of consultants that could assist her through the process. She found that SCG could not only assist with the process but would guide her with advises for even better optimization.
Check us if you would like to optimize like Sofia and Mike.