Situation:
Nationality: US
Living situation: Thailand
Industry: Coaching
Revenue: 300k/year
Customer region: North Americans (US, Canada)
Before Hong Kong Company:
Before starting a Hong Kong company, he had a company in Dubai to bill his clients.
However, in 2024 Dubai introduced a 9% corporate tax.
As he chose Dubai only for the tax incentives, he did not feel that it serves him any longer.
After Hong Kong Company:
Through his Hong Kong company, he could get his taxes down again to 0% thanks to the tax exemption in Hong Kong.
