I continued to explore this option and finally found the answers I was looking for - from the LeapIN knowledge base and blog. I learned that the Estonian tax system was more attractive because you don’t pay tax on your profits, only dividends. While searching for new solutions, I read a lot of articles on digital nomad blogs. For online tech solo entrepreneurs like myself, this was expensive and inefficient as I had neither the need to reinvest or hire others - so all my profits would’ve been taxed. From being one of a group of founders to becoming a solopreneur - this was simply too much.Īdditionally, the corporate tax rate is 35% annually - that is fine for your traditional bricks and mortar businesses who can reinvest the profits to refurbish their offices, locations, hire new staff or purchase new assets. As a solopreneur I found Portugal’s company setup was really limiting - plus it had high immediate costs to pay, €200 per month.
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