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Forum Moderators: LifeinAsia
Welcome to WebmasterWorld. Sounds like you are in a great position! I'm not sure the specifics of your question make sense to me, but I do understand you are looking for a country with a low tax rate. I'm just not sure how low...
The US tax rate is lower than many European countries, but I don't know how "low" you want to go. Maybe someone else here has some options for you...
- The slow pace of some tropical spots is great for the week or two that you are on vacation, but will it get boring after 6 months or a year? I am not saying you would not have fun finding out ;)
- Other quality of life issues such as access to healthcare.
Do some research on it - its definetly worth it!
We've had our company located in the german low-tax heaven Norderfriedrichskoog (0% Gewerbesteuer) for some time but moved away as the advantages of that place didn't outweight the disadvantages.
There are certainly many possibilities for you but not with a revenue of only 70k - sorry if that isn't the answer you expected.
Your (european) customers payments to you won't be tax-deductable for them anymore once they have to pay a company sitting on the cayman-islands. This and many disadvantages add up so that I suggest you to think about your idea and get some serious advice from the pros.
Sticky me if you need further details...
I know someone in a similar situation that moved from UK (UK resident) to Gibraltar that has very favourable tax breaks apparently. It saved him allot of money. OK Gibraltar is a British protectorate so relatively easy for him to do but you get the idea. I would certainly expect taxation rates overall in Spain and Portugal to be quite a bit less than Germany for example. Plus you get nice weather!
With a bit of investigation I am sure you can find somewhere that offers what you are looking for.