See: Offshore baking and incorporation datasheet.
If you're living in a EU country for 183+ days a year you are considered a tax resident of that country. You can set up a business in another country, but the government will require tax on whatever income, capital gains come out of it, even if none of that money ever touches your home country. You'll also likely find your country has some laws about people stashing money in a company. If your offshore company is just a shell, general rule would be your government wants the money.
Say you're an affiliate and you earn $250,000 / year, living in Germany for the entire year, but you have a company in Belize and you leave the entire $250,000. If the government find out about that then they'll want a big slice and probably treat it as your personal income.
If you set up a shell company in 0% corporate tax Estonia, your home government will want a slice of the pie, if they find out about it.
In terms of investments, see what the capital gains taxes are in your country. In the UK you can have about £11,700 in capital gains before tax, and the rest is taxed at about 20%.
If you're starting out, unless you have lot of cash you've had lying around for years, you probably won't make the threshold to pay capital gains on your investments.
Offshoring is for three categories of people:
1) nomads, who don't live in one country, really looking at $35,000 bare minimum and the right job
2) people who can establish a presence in a onshore tax haven like The British Virgin Islands, bare minimum of $350,000 in capital
3) the ultra-wealthy who funnel their onshore income through multi-entity trusts to be invested with 0% tax offshore
And only the first two will be generally kosher if your government knows all the details.
If you're living in a EU country for 183+ days a year you are considered a tax resident of that country. You can set up a business in another country, but the government will require tax on whatever income, capital gains come out of it, even if none of that money ever touches your home country. You'll also likely find your country has some laws about people stashing money in a company. If your offshore company is just a shell, general rule would be your government wants the money.
Say you're an affiliate and you earn $250,000 / year, living in Germany for the entire year, but you have a company in Belize and you leave the entire $250,000. If the government find out about that then they'll want a big slice and probably treat it as your personal income.
If you set up a shell company in 0% corporate tax Estonia, your home government will want a slice of the pie, if they find out about it.
In terms of investments, see what the capital gains taxes are in your country. In the UK you can have about £11,700 in capital gains before tax, and the rest is taxed at about 20%.
If you're starting out, unless you have lot of cash you've had lying around for years, you probably won't make the threshold to pay capital gains on your investments.
Offshoring is for three categories of people:
1) nomads, who don't live in one country, really looking at $35,000 bare minimum and the right job
2) people who can establish a presence in a onshore tax haven like The British Virgin Islands, bare minimum of $350,000 in capital
3) the ultra-wealthy who funnel their onshore income through multi-entity trusts to be invested with 0% tax offshore
And only the first two will be generally kosher if your government knows all the details.