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They basically treat you as if you sold your shares or company when leaving the country. If you run a one man company that is currently making a good profit, t
by jansan 1y ago
They basically treat you as if you sold your shares or company when leaving the country. If you run a one man company that is currently making a good profit, this can become really expensive.
- olieidel 1y agoExactly. And they, by default, use a very high multiple (13.75) for calculating the value of your shares.
- bluecalm 1y agoThis multiplier would be ridiculous for an LLC you are just shareholder of but in case of one person company which usually derives most of its value from the work of the founder it's just on another level. One person shops would rarely get 3-5x multiplier if the founder leaves. It's straight up "you belong to us" type of regulation. Next they will make you fight in the arena to win your freedom.
- realityking 1y agoIf you’re a one person shop you rarely run a limited liability corporation. If you just run your business an individual without a corporate structure this tax is not applicable to you.