Re:Ask HN: Anyone doing business using Estonian e-residency?
by cmews on Saturday December 29, 2018 @03:46PM
(#18785586)
In my experience a lot of freelancers are using it (especially when they like to work in different countries). Personally I’m quite happy using it and it’s a way better experience in comparison with the chamber of commerce in the Netherlands when you start freelancing (had some bad experiences unfortunately when they sold my data to shady companies which will target you with fake invoices/bad deals/spamming). Another great feature is that you are in full control how to pay yourself (salary/board member fee/dividends) which can have serious tax advantages depending on your country’s tax system.
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Re:Ask HN: Anyone doing business using Estonian e-residency?
by sparkling on Saturday December 29, 2018 @10:38PM
(#18787226)
How do you avoid that the company becomes a dutch tax resident if you manage it from the Netherlands most of the time?
Re:Ask HN: Anyone doing business using Estonian e-residency?
by cmews on Sunday December 30, 2018 @03:11AM
(#18788045)
There are limitations like I cannot rent an office for longer than six months and my company is registered in Estonia with an Estonian address (I use leapin.eu which takes care of the accounting part). I get your point and when you are selling physical products I cannot see how that would be possible. However if you are doing location independent work like coding or designing it is almost effortless to not become a tax resident.
Also the Dutch tax laws don’t care about the company as long as you pay the personal income tax plus some employee insurance tax.
Re:Ask HN: Anyone doing business using Estonian e-residency?
by taxguy on Monday December 31, 2018 @12:11AM
(#18793128)
In the Netherlands, a corporation is a resident for tax purposes if the management and control of that company is in the Netherlands, regardless of where that corporation is set up. There is no reference to address or office location. I'd be wary of casually dismissing Dutch tax residency of an "online" company--it is not as trivial as most think it is.
Re:Ask HN: Anyone doing business using Estonian e-residency?
by Inquisitiveone on Sunday December 30, 2018 @04:38AM
(#18788312)
would this be a good option for a consulting business, or services in IT ?
Re:Ask HN: Anyone doing business using Estonian e-residency?
by cmews on Sunday December 30, 2018 @04:52AM
(#18788364)
It depends on the size and the structure of the company/business you want to start. Imho I think it is excellent for freelancers, but I would seriously think about another option when you want to start a company with other people and give out stocks to employees in the future.