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Thanks for the answer. I have seen this "The first turned me down because I could not prove sufficient ties to Estonia." on some other place as a reason for a t

by ssijak 11y ago

Thanks for the answer. I have seen this "The first turned me down because I could not prove sufficient ties to Estonia." on some other place as a reason for a turn down. What they actually need to prove ties to Estonia when you are only e-citizen? Or that other bank that accepted you is not requesting such proof? If you have income with that company, how hard and costly is to take that money (as I understood they tax only when you pay income from the company to you).

zutnop 11y ago
For tax questions, there aren't simple answers that would apply for everybody. It depends on where do you have your personal tax residency, do you travel, your health care/insurance/pension situation, etc. The tax rules for people who live and work outside of Estonia (for most of the year) are simple on the Estonian side, but you have to include the rules on your person tax residency side also. For a more personalized answer visit us at https://www.leapin.eu https://www.leapin.eu and send us an email please.
edko 11y ago
The proof of your links to Estonia is really up to the bank. They each have their own policy. I think, in my case, it helped that LeapIN was there with me. A local business partner who speaks the language and is there with you for support, I think is an advantage anywhere. If your company is a foreign-operated LLC (OÜ), which is what I opened, and what was recommended to me (I have no employees and reside in another EU country) then the only taxes are VAT, and dividend tax, which is incurred when dividend is paid out. There is no income tax. Note that the dividend tax liability is of the company making the payment, not of the individual receiving the payment. So, even if there was a taxation treaty between Estonia and Serbia to avoid double taxation, you personally may still be liable for dividend tax in Serbia, if Serbia taxes foreign dividend income. But, here comes the usual disclaimer: I am not a lawyer or an accountant. You'd better check with one!

by ssijak 11y ago

zutnop 11y ago

For tax questions, there aren't simple answers that would apply for everybody. It depends on where do you have your personal tax residency, do you travel, your health care/insurance/pension situation, etc. The tax rules for people who live and work outside of Estonia (for most of the year) are simple on the Estonian side, but you have to include the rules on your person tax residency side also. For a more personalized answer visit us at https://www.leapin.eu https://www.leapin.eu and send us an email please.

edko 11y ago

The proof of your links to Estonia is really up to the bank. They each have their own policy. I think, in my case, it helped that LeapIN was there with me. A local business partner who speaks the language and is there with you for support, I think is an advantage anywhere. If your company is a foreign-operated LLC (OÜ), which is what I opened, and what was recommended to me (I have no employees and reside in another EU country) then the only taxes are VAT, and dividend tax, which is incurred when dividend is paid out. There is no income tax. Note that the dividend tax liability is of the company making the payment, not of the individual receiving the payment. So, even if there was a taxation treaty between Estonia and Serbia to avoid double taxation, you personally may still be liable for dividend tax in Serbia, if Serbia taxes foreign dividend income. But, here comes the usual disclaimer: I am not a lawyer or an accountant. You'd better check with one!