Hi guys,
Thinking of moving to the DR and have been reading up on the tax situation. Hoping some of you can help to clarify it for me. My current understanding is that DR has territorial taxation for foreign earned income (outside of financial income like shares/stock/capital gains etc).
I have an LLC based in Hong Kong which doesn't tax earnings made outside of Hong Kong.
If I move to the DR, which also doesn't tax earnings outside of the DR, I would essentially be tax free (at least from dividends/income tax)?
My business is run remotely online, so looking for somewhere to base myself with a good tax situation and quality of life.
Thinking of moving to the DR and have been reading up on the tax situation. Hoping some of you can help to clarify it for me. My current understanding is that DR has territorial taxation for foreign earned income (outside of financial income like shares/stock/capital gains etc).
I have an LLC based in Hong Kong which doesn't tax earnings made outside of Hong Kong.
If I move to the DR, which also doesn't tax earnings outside of the DR, I would essentially be tax free (at least from dividends/income tax)?
My business is run remotely online, so looking for somewhere to base myself with a good tax situation and quality of life.