id go to ukraine and do some serious macking

How difficult is it to get residence in Thailand?

all countries of South America are very good for our business. Accessible laws, good climate, cheap real property and beautiful women. welcome! :thumbsup

Sealand :1orglaugh

Can any of the webmasters here living in the Czech republic confirm that the self-employed have to pay around 60% of their income in tax/social/health?

i was gonna suggest Malta..
since i am on the American continent i would look at Panama or possible Costa Rico.

while the numbers might be true it's not how you do it...

you do your own company, corporate tax is 19%

you have to be employed in your own company anyways, but you pay yourself a ridiculus low wage - like $500 a month. on that you pay social insurance, health incurance, income tax etc.

then you take out profit from your company and on that you pay a flat tax of 15% - and that's it.

many thanks for the useful information. perhaps I will end up in Prague after all.

:winkwink:

and don't forget to put as many things in your company as possible - car, apartment, phone etc - this way everything is paid before tax and you get 20% VAT back.

yeah except I'm not into LBFM's :(

f.. Czech Republic, f... Poland...these countries are only nice 3 months/ year....

+ it's expensive here, but still probably not that much as on West...

go somewhere where is hot..spain is good option...


i would recommend you more places though i don't like crowds in my favorite places :)

Surprising no one wrote CYPRUS. Here is a pretty good option for what you are looking for. Many porn companies do business in Cyprus. Some just on paper and others have staff here. This is EU country, well developed, high end resort area. Many people from UK immigrate here. They have their own city Paphos. Check it out. Driving is on the left side like in UK, as this is a former colony.
Also, this is an off-shore zone with lowest taxes, about 10%.
Anyway, wanna move here? Let me know and I can assist.

Nice thread :)

can you confirm this?

The Pacific Northwest.

Florida?
No personal income taxes.

The Social Security tax rate for 2010 is 15.3 percent on self-employment income up to $106,800. If your net earnings exceed $106,800, you continue to pay only the Medicare portion of the Social Security tax, which is 2.9 percent, on the rest of your earnings.

Dont do it, just dont lol
I lived there for 18 months or so, knew about 40 expats there as well and not 1 liked it there after 12 months.

Most unfriendly people i have ever encountered in my life and that is saying a lot seeing that i have traveled the globe quite a few times.

Now that was 5 years ago, but i doubt many, if anything has changed.

Iran

:2 cents:

You could say this about most Eastern European countries. I spend 1 month of the year in either Czech or Hungary. There is no such thing as the "customer is always right". People are generally only as helpful as they have to be and nothing more. I find Europeans in general to be quite aloof.

I am considering moving to Hong Kong (Very modern but a lot of red tape and you probably have to be very rich to move there, like invest $1 million there or such to get a residence permit).

Bahamas (paradise climate, English official language, no taxes, ugly women (you need to bring a woman from some other country :D), you need $500k+ but you don't need to invest it anywhere)

or Panama (very humid climate and a 3rd world country but no taxes for offshore income, cheap hookers and plenty of hot girls)..

True, but weather/climate is uber-crap

Germany is no fun for running adult websites.
If you are incorporated in Germany and target the German audience, you need to add age verification to your adult site. And that age verification is a nuisance! I'm not talking about an age dropdown box. You need to use an external service for age verification.
Or offer a softcore tour.

Thanks for info

I would stay away from places where you can get the death penalty for running a porn site. :1orglaugh:1orglaugh

I would suggest staying put. Earn more money, and taking more holidays with your work by your side :thumbsup

I'd recommend these options:

1. Setup a presence in Monaco for tax-free status, but actually live outside Monaco borders in southern France, much cheaper. Or something similar with Andorra if you like skiing.

2. Dubai - a warm place during winters, but you have to use encryption for hard drives and internet connection to avoid trouble. Though the tax-free zone is completely different rules from rest of Dubai.

3. Caribbean Islands - tax-free, very inexpensive, safe. Or Mexico/Belize like someone suggested, but away from the border area.

All of these options "work" equally well, I'd recommend traveling and trying each to see what you like most.

Being in our business and permanently living in a taxed or "low"-taxed country is not smart - tax-free all the way!

If you are a UK tax payer you can declare yourself non resident and have no taxes assessed if you are out of the country for certain time parameters. You don't have to have to have to have residence elsewhere you just have to be out of the UK within the parameters.

I know for sure you can' spend more than 90 days in the UK in one tax year. But there are others too.

Anyways to OP. Given UK tax law. Best to visit a few places on medium term stay than just up and move, tax wise anyways.

Depends on your target market and where you are domiciled I guess.

That is not true. 1. Romania is not so cheap. 2. Is a very nice country but that depends on what you understand at nice

Cool chicks, amazing night life, taxes are huge but for those who are paying, summers are awesome ...

I am going to Prague to visit it in december so I will check prices

If Romania is so nice, why is Spain full of Romanians?

In your place i would make a balance , cause weather conditions are very important to me also.
Been for example in Greece for the summer , and in United Arabic Emirates for the winter, when the lowest temperature there is like 25 degrees sounds like a perfect combination.

U.S.A

I heard the republicans are trying to eliminate tax altogether. Check it out.

http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.5029:

After four years here, I recommend you investigate Panama. Panama is stable, US dollar based, is growing economically, does not tax income earned out the country, allows anyone to create a corporation and have anonymous ownership. Seriously a great place for both business and lifestyle.

I can help anyone interested in Panama. I write mainstream stuff about the country all the time and can help with incorporation.

Oh, Sally, the corporation in Panama is far superior for protection than the C corp in the US, because of anonymity, and again pays no taxes on income earned outside of Panama.

u still owe taxes to the USA if u are american no matter where u live..

i did panama for around 2yrs.. it gets boring.. it rains way too much(7-8 months a year), and a lot of things frustrate me.. ur cable goes down.. goodluck getting it back up....

people dont speak much english.. its a fucking hidden racist country(against dark people), and its a monotonous country.. nothing to do apart from going to the country side to hit up beaches, or going to the night clubs...

On the plus side, its warm, cheap, and the girls are decent, and the colombian girls there are smoking if u wanna pay :1orglaugh

Im now in san diego.. way better weather.. cleaner... shit doesnt frustrate me.. however the only downside is its more expensive.. but at least shit works well here, it never rains, the roads are good, and now i just visit panama every few months to see friends

anyway think twice before panama.. i know few people who moved there, then later realized when it comes down to it its a shitty country.. a lot of the americans who live there dont even spend time there.. always going to the usa every other month, and have to order all their products from amazon.. defeats living in another country eh??

Wouldent mind staying in touch, how to contact you?

You can email me lee at dreamnet.com

As to the negatives about Panama. You might like living here, I do. But whether you live here or not, basing a business in Panama makes good economic sense.

As to US taxpayers needing to file and pay the IRS, it is true but...

1. If your company, a Panama SA, a legal entity, holds the it's income in Panama and it is not paid out to you it is not taxable by the US until you pay it out to you.

2. also there is a nice sized, about $90,000 plus rent and utilities tax exemption if you live and work overseas. So your first 90K of income is tax free.

Many US CPA's have no clue about this If you want to read the details read this IRS publication. LINK

most important to live ))) secondary is where

Not only Spain........everywhere I`ve been so far Romanians are there. And yes, Romanian chicks are the best :thumbsup

I vote for Panama