Hey guys,
my bootstrapped startup is making some revenue and I didn´t incorporate yet. The market is Germany but my problem is: If I incorporate in Germany I have to pay taxes on all my income there (including my income outside of the startup). So I need another country. I sell to small businesses, so it looks pretty suspicious if I corporate in a less-developed country.
We spoke to an investor who offered to invest 150k$ into it for getting a minor share but he probably lost interest after I told him we are not incorporated yet.
I´m living abroad, traveling since 3 years, living in 8 countries so far. I have a German passport. 2 other employees and me work remotely on the project and we don´t need an office.
Who knows a good action plan how I can solve this problem?
my bootstrapped startup is making some revenue and I didn´t incorporate yet. The market is Germany but my problem is: If I incorporate in Germany I have to pay taxes on all my income there (including my income outside of the startup). So I need another country. I sell to small businesses, so it looks pretty suspicious if I corporate in a less-developed country.
We spoke to an investor who offered to invest 150k$ into it for getting a minor share but he probably lost interest after I told him we are not incorporated yet.
I´m living abroad, traveling since 3 years, living in 8 countries so far. I have a German passport. 2 other employees and me work remotely on the project and we don´t need an office.
Who knows a good action plan how I can solve this problem?
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