Question for the economic types

[doodab]

You'll be paying local taxes, which are high, plus most expenses will be in kroner. That will be more than half your contract value i expect so it makes sense to be paid in krone to minimize currency conversion costs and fx risks.

[DimPrawn]

Can they pay you in Gold?

Investors Chronicle - Video: Gold's long-term cycle

[sasguru]

Might be sensible regardless of what happens to stick more in the German account.

Indeed. Interest rates are (just) higher in Euroland and the German currency, whatever that will be, will always be strong.
For anyone interested in doing the same, you have to visit Germany to create an acoount there with passport and proof of address.
The big assumption that if the Euro is a dud, there will be a one-to-one exchange to the mark. Or will they exchange to the currency of your home address?

[Mich the Tester]

You'll be paying local taxes, which are high, plus most expenses will be in kroner. That will be more than half your contract value i expect so it makes sense to be paid in krone to minimize currency conversion costs and fx risks.

No, MyCo is in NL, so I'll pay NL taxes.

[Mich the Tester]

Indeed. Interest rates are (just) higher in Euroland and the German currency, whatever that will be, will always be strong.
For anyone interested in doing the same, you have to visit Germany to create an acoount there with passport and proof of address.
The big assumption that if the Euro is a dud, there will be a one-to-one exchange to the mark. Or will they exchange to the currency of your home address?

I'm not too worried about the German Euro vs the Dutch Euro; probably pretty much even on that, seeing as the two economies are intertwined (NL does most of the logistics for german export/import).

[darmstadt]

+1

although I'm concerned of Scenario 4

Germany realise the best thing to do is to get out of the euro and leaves everyone else to it. But as you say you can offset that by keeping your euro account in a German bank (probably attached to a german forwarding address for safe measure).

I can provide you with one of those...

[doodab]

No, MyCo is in NL, so I'll pay NL taxes.

I would take some proper advice on that, as unless NL and DK have a different tax treaty than the european norm you'll be tax resident in DK after 183 days and taxed on DK income in DK.

[Mich the Tester]

I would take some proper advice on that, as unless NL and DK have a different tax treaty than the european norm you'll be tax resident in DK after 183 days and taxed on DK income in DK.

will do, but also have English Ltd so I could theoretically pay myself a minimum wage in DK

[doodab]

will do, but also have English Ltd so I could theoretically pay myself a minimum wage in DK

I think if you're there more than 183 days you'll be taxed on your worldwide income anyway ,but like i say take advice, i did talk to a danish tax firm a while ago i'll try and find the link later.

[Mich the Tester]

I think if you're there more than 183 days you'll be taxed on your worldwide income anyway ,but like i say take advice, i did talk to a danish tax firm a while ago i'll try and find the link later.

I suppose I could arrange with them to spend max 182 days in baconland and additional days from time to time in another office, maybe in DE or NL.