Setting up a business in a country other than your country of residence
Managing it from your country of residence
By declaring it to the tax authorities in your country of residence, and paying taxes as if it were a local company
"But what's the point of doing that?" you might ask.
Good question.
The answer is that it gives you extra protection by creating a legal asymmetrical friction.
"""
Another reason is that you may want to move to other countries, and then it's better if your business is already set-up in a low-tax low-paperwork business-friendly country.
typo: "We examined the difficulties Member States face in having the money and assets of people who owe back taxes seized in other Member States shows you:" -> "We examined the difficulties Member States face in having the money and assets of people who owe back taxes seized in other Member States:"
You write:
"""
Setting up a business in a country other than your country of residence
Managing it from your country of residence
By declaring it to the tax authorities in your country of residence, and paying taxes as if it were a local company
"But what's the point of doing that?" you might ask.
Good question.
The answer is that it gives you extra protection by creating a legal asymmetrical friction.
"""
Another reason is that you may want to move to other countries, and then it's better if your business is already set-up in a low-tax low-paperwork business-friendly country.
typo: "We examined the difficulties Member States face in having the money and assets of people who owe back taxes seized in other Member States shows you:" -> "We examined the difficulties Member States face in having the money and assets of people who owe back taxes seized in other Member States:"
Corrected, thanks !