3 ms·
If you work for your e-company remotely as an e-resident from another EU country, you still need to get a trade license and VAT number to write invoices to your
by loehnsberg 4y ago
If you work for your e-company remotely as an e-resident from another EU country, you still need to get a trade license and VAT number to write invoices to your e-company and file income tax. If we leave liability aspects aside for a moment, you could then as well use your trade license and run the business as sole proprietor, which seems to be the much leaner setup.
- siilats 4y agoWith eresidency you can file the monthly vat reports in estonia online which basically means you don’t need to pay vat in eu after getting this residency. Vat is over 20% in most countries. I.e once you are eresident gas in gas station and electricity are 20% cheaper. For example you can export software development services to a USA customer which is vat free. That’s how you get money into your company account. Then you can spend that money on gas Or hotels.
- luckylion 4y ago> I.e once you are eresident gas in gas station and electricity are 20% cheaper. This isn't different from just being in the country you're in, companies usually don't pay vat on resources they use. And it only applies if you're using your car for business purposes only, otherwise it's 20% cheaper because you're committing tax fraud.
- nisegami 4y agoIncome tax for non-traditional employment is basically unheard of, so this would be effectively tax free for me.
- nulbyte 4y agoWhat is non-traditional employment, and where is this true?
- nisegami 4y agoAnything other than a 9-5 I guess? At some point if you run a business you may need to start taking laws and taxes seriously, but not everyone will get to that point. It's similar to the idea of paying a young server at a restaurant in cash to avoid taxes, except it's more common and less risky. Also, it's Trinidad and Tobago.