Quote:
Originally Posted by XXMAM
Which are the tax friendliest locations for Cam Studios? (in the Americas)
Im planning to open one in January and Im torn between Costa Rica and Colombia.
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In Colombia the income that you receive from broadcasting is Tax Free if you register with the Ministry Of Foreign Trade. It is considered as Exportation Of Data.
As far as labour concerns in Colombia you will need to hire an accountant to make sure that you treat this correctly, but most agreements with models are treating them as contractors which there are special requirements to meet this qualification.
There is a tax that should be withheld from there pay as well as there are provisions for health and retirement, but A. No one observes them, B. A couple of larger studios like pay every one electronically with Payoneer or something similar so that it is payment recieved by an out side source for the model, which relieves the paying studio of the obligation of health and Pension.
If you you decide on Colombia I will be glad to help you point you in the right direction for a good honest lawyer and accountants..