I just came to think of something. Since a company is supposed to pay tax in the country where it is resident
(i.e. where it is managed and controlled from), it shouldn't matter where you incorporate, but where you live.
So for example, I sell to UK, France and Germany. Can I start a company in each of those countries and live in
Hong Kong, and all corporation taxes on the UK, French and German companies would be payable in Hong Kong only
at HK local tax rate (16.5%)?
This makes everything so much easier. When doing business in Europe it's hard to do so with a Barbados company for example.
But if you can have a UK company but live in Barbados, you'd still be paying no tax. Am I right in this?
Same should go for Estonia. Since Estonia has a 0% corporation tax, you could run a UK business from Tallinn and pay no corporation tax?
(i.e. where it is managed and controlled from), it shouldn't matter where you incorporate, but where you live.
So for example, I sell to UK, France and Germany. Can I start a company in each of those countries and live in
Hong Kong, and all corporation taxes on the UK, French and German companies would be payable in Hong Kong only
at HK local tax rate (16.5%)?
This makes everything so much easier. When doing business in Europe it's hard to do so with a Barbados company for example.
But if you can have a UK company but live in Barbados, you'd still be paying no tax. Am I right in this?
Same should go for Estonia. Since Estonia has a 0% corporation tax, you could run a UK business from Tallinn and pay no corporation tax?
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