I'm running a UK company as a director and I'm living in the UK. I'm planning to move to Hungary and run the UK company as usual. I have no employees, offices, all done on a laptop. And I rarelly need to do anything (4 hour work week helped).
Now my UK accountant says I need to pay UK corporation taxes and paying dividend taxes after my dividends. But she doesn't know about the laws in HU.
I talked to accountants and advisors in Hungary and some says that if I manage the company from HU then I need to create a HU subsidary. Which would be insane as the law are VERY high in HU and would sufficate my business.
Others said that since I don't have employees, offices or physical products I can just pay UK corp taxes and UK dividend taxes.
I tried to contact Tim Ferris about this but it's impossible to reach him. So I don't know who else to ask.
I contacted some high profile HU tax advisors. One of them would charge me 450EUR for the advice but already told me in summary that if I run and manage the UK co from HU then I need to have a subsidary.
Could this really be true? Any experience living in another country then your company?