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In which jurisdiction should an IP specialist from Russia go?
Hello everyone,
I have an IP on the simplified tax system with a turnover of about 7-10 thousand dollars a month.
I get clients from Instagram, I am not tied to any particular country (services).
Basically, my clients are from the Russian Federation (~55%), Kazakhstan (~25%) and Ukraine (~15%), but they are also appearing from the USA and Germany.
Before the start of the war, I was transferred funds to an individual's card or to PayPal, after which I punched the amounts through the online cash desk.
Now (for obvious reasons) only clients from the Russian Federation can transfer funds to me.
The other day a ban was introduced in Ukraine, and today clients from Kazakhstan could not pay with me.
Needless to say, I also lost clients from all other countries?
There is only one solution: going abroad.
I am looking at Georgia, but my annual turnover is many times higher than 100 thousand lari, which means that as an individual entrepreneur I will pay more than 18% of my annual turnover, which is unacceptable, because in the Russian Federation I pay 6% + 1% under the simplified tax system.
I would like to be able to connect payment convenient for residents of these countries through the site.
What jurisdiction would you recommend in my situation?
Who is to blame I know, I want to understand what to do now ..
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uncles, you have two options:
1. pay 7% with about 50% of the income.
2. pay 18% with about 100% income. plus not having meningitis with the whole world.
I think the answer is obvious.
and 18% is not bad at all. I pay at 40%.
Who is to blame I know, I want to understand what to do now ..
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