Re:Ask HN: Is it worth to move to another country for 1mil$?
by orange_tee on Wednesday January 20, 2021 @12:26PM
(#25849111)
If you are settled with friends and family it is not worth it to upend your whole life to move. You will never have that back. I speak from experience.
IMHO if you have a nascent business, focus on growing and ignore all else. It's not worth it to worry about taxes today. I would only move if this helps the business grow.
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Re:Ask HN: Is it worth to move to another country for 1mil$?
by Denniz on Wednesday January 20, 2021 @12:52PM
(#25849490)
Actually it would help to grow the business. Especially there is regulatory uncertainty regarding what I'm doing in my country. Saw already few companies in a similar area liquidated themselves and moved away. Maybe they just wanted to save taxes, but I highly doubt it.
I'm not in this area. But here is some example what could theoretically happen: You're starting a twitter clone and the Government says you are responsible for every post on your platform. You get sued and you are done. Right now this wouldn't kill me since I could always move on. But it could cost a lot and possible give a huge setback.