Another affiliate friendly country - Estonia



I'm originally from Estonia, not sure if you can get a decent programmer for $1200-1500, I think it will cost you more like $2-3K/mo.
 
I am currently leaning towards scrapping my plans of opening shop in Malta and plan instead on opening an Estonian business within the next month.

Research reveals that Estonia is a very business friendly country. For the Americans, Estonia is a Baltic nation close to Russia and Poland was a Sovjet vassal state until 1991, now a Euro country. It has 1.3 million inhabitans who speak a sort of Finnish family language and has close ties to Sweden. The baltic countries are very pleasent in my experience. Very little immigration from third world countries makes it an almost white country (no racist), which means there are less racial tensions and peaceful. There are russian mobsters though. They are the ones driving huge Audis and generally behave like how Wicked Fire members would if they weren't broke.

Now for why to open a business in Estonia:


  1. A Limited Liability Company can be opened in day
  2. There is NO capital requirements needed to do so, except that you are personally liable until 2500 euro has been paid
  3. You don't need to live in Estonia or be a natural citizen
  4. There is zero (0) corporate tax and low, progressive income tax
  5. Estonia is a hub for tech business and outsourcing - see Tehnopol - Business center for knowledge-based companies
  6. A full time programmer can be hired for $1200-$1500 a month
  7. Tax reporting and board meetings can be done online
Besides that, Estonia is cheap and merry, has good beer and attractive, normal weight females:

Estonian here,

Poland is far away from us, take a look at the map first when stating something stupid.
Audis - predominant Russian mobster is so 90's.

About business:
Yes you don't need to invest capital into ltd (2500eur), but dividends can't be payed before the minimal capital requirement is met. Get in touch with a local accountant on these matters.
We don't have progressive income tax, it's fixed and 21%. If you do over 16k eur revenue you are required to pay VAT(20%). Also keep in mind that dividends are taxed at 21%.
Programmers go from 1500EUR net to 3500 net (good ones).

One can say that the % of beautiful girls is higher then let say Finland. Also obesity problems in young girls is starting to be a problem here too....thank you Ronald McD.
 
Estonian here,

Poland is far away from us, take a look at the map first when stating something stupid.
Audis - predominant Russian mobster is so 90's.

About business:
Yes you don't need to invest capital into ltd (2500eur), but dividends can't be payed before the minimal capital requirement is met. Get in touch with a local accountant on these matters.
We don't have progressive income tax, it's fixed and 21%. If you do over 16k eur revenue you are required to pay VAT(20%). Also keep in mind that dividends are taxed at 21%.
Programmers go from 1500EUR net to 3500 net (good ones).

One can say that the % of beautiful girls is higher then let say Finland. Also obesity problems in young girls is starting to be a problem here too....thank you Ronald McD.

Thanks for the clarification bro.

Sorry for my lack of geographical knowledge, never been a strenght of mine, it's Lithuania which is close to Poland:D

baltic.gif


Those wages are rather high, compared to the average wage there right?
 
Pix of models /= lots of hot girls. Plenty of pix of hot American models on the internet but have you visited a mall in the US lately?

No, but I spent 2 days shopping in Tallinn last week (friend's wedding). Estonia, Lithuania and Latvia are full of hot looking girls. Literally half of all the shop assistants here are hotter than at least 90% of UK female population. Not that it matters, just answering your question. :)

A good programmer in Estonia can be hired for $1500/month + tax (but hiring people in a country where your business is set up is a pita).

If you travel all the time, set up residency in Malta and rent a cheap place. Open a Maltese bank account and only withdraw your "spending" money there. Keep your business in a country with 0% corp tax and no other taxes for foreign owners/shareholders. Get a business bank account somewhere else. Talk to a good tax accountant in Malta - they'll set you up so you pay no tax at all this way (remitted income and foreign dividends become capital over time - capital isn't taxed). Get private health insurance. You don't need to live in Malta, no one gives a fuck. Travel in EU is open - no one knows what country I'm in most of the time.

Consult a good tax accountant for this stuff. :)

Those wages are rather high, compared to the average wage there right?

My programmer friends in Vilnius (Lithuania) were on around $1000/month after tax in their first year. Around $1500/month in hands after two years. But they also get loads of benefits (life insurance, healthcare, any training/certificates paid for - cisco, etc)... cost to employer is +60% of net salary.
 
Compared to average yes, we are talking at least 3x or more. The thing is there is high demand for skilled programmers in the IT sector, which raises the salaries. Skype, Playtech, Microsoft and others are constantly looking to recruit skilled people.
 
21% tax no fucking way. Nice country to visit but 21% is way fucking too much to giveaway. am happy with my 0% :D

Bro, you need to share this info. I am not rich but even 21% would be more than half my current taxes. What are the actual practical steps to take for that 0%, please PM if you don't want to share publicly. Remember, I am euro so don't have to worry about the IRS pursuing me around the world.
 
OK, wake up guys. There's no way business can be conducted in Estonia at 0% tax. From what I hear it's around 21%. Plus there's VAT as someone previously pointed out. Although I'm not sure if advertising with foreign companies can be excepted from vat.

The women aren't as hot as in other states in this region. Yes, there are some stunners on the street and there are more blondes around than in an average country... but we're in Eastern Europe.. at least 50% of them are hot and feminine, the other rest are fatties or butterfaces. I guess I've been spoiled the last 3 months.

The brits and their stag parties have ruined it for foreigners. No matter how classy or nice you are, you will initially always be perceived as an annoyance, not rather like a new, interesting thing like in other FSU countries. For every one of you just checking out the girls and thinking that they'll throw themselves at you because you are carrying around a blue passport.. think again, you will need a reasonable amount of game and interesting shit to tell.

Estonia definitely is the most advanced country that I've visitted in the former soviet union though and pretty much everyone here speaks reasonable English. But it is also one of the more expensive ones (OK, still not even nearly compareable to anything in the west).

And about the guy who said that the mobsters here drive Audis.. LOL. I'd rather say S Classes or G Wagons. Audi Q7's and Porsche Cayennes are definitely soccer mom cars here.

AND LOL!!! The girls you have on top aren't estonians. They are Icelandic. Definitely not the same breed. Estonians have more Finnish and Slavic blood. Icelanders are Scandinavians with Irish influences. And bro, there are some hot girls in Reykjavik too, but you clearly haven't been to Sweden.
 
It's always good to hear from someone actually living in the country. Although it does dash most of the fantasies.