I'm in the EU, trying to decide which would be more beneficial for me, forming a company in Estonia or UK.
The previous topic here in IH helped a lot:
https://www.indiehackers.com/forum/llc-in-delaware-for-eu-citizen-end-to-end-2f7593f164
Has anyone researched the pros and cons of each?
I've been hearing various opinions on opening a bank account in the UK. Some say that with an address (I have a friend living there) it's easy to open a bank account and some say that it's very difficult and that you shouldn't attempt forming a company in the UK unless you're a UK resident.
Estonia has 0% corporate tax but the whole social tax thing seems confusing to me.
“The good news is: your employee salary is not taxed at all, as long as you are working outside of Estonia. However, for the board member salary, you are supposed to pay two taxes: the Income Tax (20% of the gross amount) and the Social Tax (33%) of the salary plus the income tax.”
Opinions/thoughts? Which one would you go with?
For opening the UK bank account, it IS easy to do with an address in the UK. You have to prove you reside at that address though, usually through a utility bill with your name on it. If you don’t actually live there that’s pretty much impossible.
Your country of residence.