Is opening an EU company a viable option for non-EU citizens to secure remote jobs?

Has anyone from Asia opened an EU company to get remote EU/US jobs?

Hi everyone,

I'm from Philippines and I'm a remote tech/freelance professional.

I’ve noticed that many EU/US companies list remote jobs but say “EU only” or “must be EU-based.” I’ve read that some people open a company in the EU (like in Portugal, Cyprus, or Estonia), hire themselves, and work as legal contractors — which helps them land more international clients.

I’m considering this route:

* Open a company in Portugal or Cyprus

* Apply for a visa (like Portugal's D2 or Cyprus digital nomad visa)

* Work for EU/US clients remotely through my company and invoice them directly

Has anyone here done this?

Is this really a viable route to getting better remote jobs as a non-EU citizen?

What are the pros/cons, and what should I be careful of (e.g. taxes, visa issues, rejection by clients)?

Would love to hear from anyone who’s actually tried this — especially if you’re from Asia or outside the EU originally.

Thanks a ton! 🫶🫶