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Originally Posted by fuzebox
You only pay taxes on money made from within the country. If your income comes from the USA you don't pay taxes on it. You do however have to file an earnings/assets report with the government and pay a filing fee of 1200 colones or something.
My experience with the banks here though is that because of so many years of money laundering and stuff (especially when the online casinos were bigger here), they don't hand out international debit cards easily, making it kind of useless as a foreign bank.
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Yea.. forgot about the geo-taxation element!
Tho was wondering if the other implications eg... ya operate a CR corp and the costs of employee stuff kick in. It's prop easier keeping a corp out of the country and just pull funds in without taxation. (But.. hell - there are also plenty folks here who are
more than capable in IT related and could do with a job.)
I'm always surprised the "fuss" over corp filings I get from lawyers here - yet come payup time, it's peanuts they talk about
Eg .. your filing fee amounts :-)
Yea.. noticed that about banks - it's not really a banking location. It's a nice play to live and do biz elsewhere!
