Estonia is situated in northeast Europe, bordered by Russia
and Latvia. It has a significant coastline on the Baltic Sea
and is separated from Finland to the north by the Gulf of
Finland. Estonia is a small country with a population of 1.3m
(2009 est), and the capital city is Tallinn.
There are more than 2.5 m mobile telephones in Estonia –
a remarkable number given the population of the country. There
are also 500,000 landlines. The country’s telecommunications
network is modern and extensive, and internet usage is close
to 900,000.
Estonia has a number of major banks, including Estonian banks
and international banks. Most banks have English-language
websites and a good network of ATMs allow for the withdrawal
of currency. Commission rates, as ever, vary from bank to
bank, especially for the transfer of funds into the country.
Opening a bank account is straightforward as long as the
necessary ID and proof of employment or residency is available.
It is usual for a minimum deposit to be requested by the bank
when opening an account. The Bank of Estonia (Eesti Pank)
is the country’s national bank and the Estonian Banking
Association exists to co-ordinate good banking practice amongst
the country’s banks.
Estonia’s rail network is mainly state-owned, though
the private company Edelaraudtee Infrastruktuuri AS also owns
a small part of the network. There are main rail routes from
the capital Tallinn to Latvia and Russia. Estonia’s
road network comprises of predominantly minor roads, with
barely 10% of roads classed as main roads.
I am facing a dilemma and would like to invite any reader to advise me.
I am a Brit who has lived outside UK since 1993- initially in Belgium (5 years) & subsequently in 4 African countries. After a year outside UK, the UK Inland Revenue confirmed my status as ‘non-resident’ for tax purposes and as I have had no income in UK, I have not completed a UK tax return for many years. I visit UK very rarely, normally for one or two weeks per year.
In May 2011, I was made redundent by my employers, who were downsizing. This coincided with a move to retire in the Netherlands, where I now have official residency (my wife is Dutch). I thought that, at 63 years of age, I would be unlikely to find suitable employment; in fact, I have not tried hard and had resigned myself to permanent (but slightly premature) retirement.
However, to my surprise, I have recently been approached (through a mutual acquaintance) by a company that wishes to use my skills on a project in the Isle of Man. The role, if & when confirmed, would see me working for about 10 days a month in Isle of Man, with about 5-7 additional days per month, working from home. Contract will be for about two years. The firm has asked me to confirm if I would prefer to be paid (and therefore be taxed) in Netherlands or Isle of Man, the idea being that I create a self-employment entity for this employment. I have no data on which to base a response. Given Isle of Man's traditional ‘low tax ‘environment, are there any benefits to declaring an income in IOM? Are there any Isle of Man residency implications? Netherlands takes a tax cut on total world wide income, and, as I have never had any contact with the Dutch authorities, I am reluctant to start such a relationship now. Do I have to declare income in both countries, with a breakdown prorata to the time spent in each jurisdiction? Should I declare income to UK Inland revenue?
If anyone has pertinent advice on these points, I’d be grateful to hear them.
Just wondering if anyone 'on the ground', as it were, might be reading and able to help me...I was considering relocating my hairdressing business from the UK to Ireland before the economy started to go properly belly-up...now, not so much.
Are things as bad as they seem over there, or is it being over-hyped by the media? And is the government still keen to support small business people? Cos if not, I'll look elsewhere...
Hi, I live in South Africa, and along with 2 business partners (one in South Africa and one in Ireland - all South African citizens though) are setting up a company that designs Smart phone applications. As they will be sold on the various platforms (none of which operate out of South Africa)we have to list our company as operating out of Ireland anyway. As such, we have decided to set up our company in the best tax country and are wanting info on whether Jersey or Malta is best? If anyone has some inside info we would really appreciate it!! Thanks!Mary
I am moving full time to France in Jan 2012 where I will be working as a freelance contract engineer to a number of Australian based companies. It is my choice to move to France not a work requirement. I will be renting my house out in Austrlalia and renting a house while I am in France. I hold both EU & Austrlain citizenshiip. I am married with 2 young children. Approx total family income $100k AUD. Do I pay tax in France or Australia or both ? Any help or guidance would be much appreciated.France move
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