Where to create a new company ?

[xpsycho11x]

Hello guys, I live in italy ( where we pay taxes up to 70% ).
So I need to create a new company, what are the best countries to create a new company ?

 

[hmeister]

Belize. Google 'set up company in Belize'. You can even get nominee directors as we'll so your name won't appear anywhere.

 

[infoasian]

Company won't help you much unless you move away from Italy. Sooner or later Italian revenue service will catch up.

 

[Skullator]

Hong Kong is a good option too, since Hong Kong companies do not have to pay any tax on profits sourced outside Hong Kong
Hong Kong companies only pay tax on profits sourced in Hong Kong and the rate of taxation is currently 16.5% on assessable profits. Hong Kong companies do not pay tax on profits sourced outside Hong Kong. There are no withholding taxes on dividends paid to foreign shareholders, no withholding taxes on interest paid to foreign creditors, no taxes on capital gains, and no inheritance tax.

New Zealand is also one of the easiest countries in the world to set up a company if you intend on trading in the country you reside in.

 

[hmeister]

You also must make sure that any country you set your company up in does not have an agreement where they are required by law to share financial information with your home country.

 

[hacko]

You might wanna consider Cyprus, you only have to pay 5% tax there, and I read somewhere that a lot of companies are set there.

 

[hmeister]

You might wanna consider Cyprus, you only have to pay 5% tax there, and I read somewhere that a lot of companies are set there.

Yeah,Northern Cyprus if you're a gangster!

 

[concourse]

Hello guys, I live in italy ( where we pay taxes up to 70% ).
So I need to create a new company, what are the best countries to create a new company ?

There are a number of "tax havens" where you can incorporate, but first we first have to ask: where are your existing business operations generating profits, and what do you need to do with said profits? An offshore entity can be useful, but it needs to be in sync with your profit centers.

 

[Paranoid Android]

I have a Hong Kong company for nearly 10 months now, and one in the US that I registered recently. I prefer Hong Kong. HK companies get no tax, but you will still need to pay taxes at your home country when you withdraw the dividents. What I do is let most of my spends go from my company's account, like my office rent, house rent, internet bills, air tickets and hotels, food and beer.

I just make the HK company pay me a salary and I just pay taxes on that in my home country. HK is a safe place and you can keep your money there safe, and since its a HK company, its the company's money and no Italy Revenue Service would go after it.

 

[I-marketer]

Yes, HK, maybe Gibraltar and similar countries with good reputation if you care about your stakeholders. They will judge you according to the jurisdiction.
If you don't care about rest of the world, then go with cheapest solution (Belize, Seychelles). However, these are synonyms for money laundring, corruption...

To ParanoidAndroid: Would it not be more convenient to use your company's credit card for these expenses instead of paying yourself dividends? That way you completely avoid taxing in your home country.

 

[HelloInsomnia]

I just make the HK company pay me a salary and I just pay taxes on that in my home country. HK is a safe place and you can keep your money there safe, and since its a HK company, its the company's money and no Italy Revenue Service would go after it.

What happens when you want to go and collect that money? That is something I never really understood about all of this - what is the exit strategy?

 

[st1ck]

What happens when you want to go and collect that money?

That's the big problem mate! There are always risks you'll be caught.

 

[Vrill]

I will give you a golden nugget.

Try Bulgaria.As a foreign opening there a new company you will pay 0% taxes.Just rent an appartment there for 100 euro per month and be offical registered there.
This way your money is 100% clean in the EU and you can spend it on anything you want without fearing the tax department

 

[divok]

What happens when you want to go and collect that money? That is something I never really understood about all of this - what is the exit strategy?

take a loan from that company ?
Sell that company rights of some imaginary software or any other useless crap. ?


that's how black is made into white .

 

[American Trends]

On the internet and in India, the most safe country where you can settle every law with a bit of bribe. And yes, I am not kidding.

 

[divok]

On the internet and in India, the most safe country where you can settle every law with a bit of bribe.

most of the sales in IM are electronic which is quite difficult to erase , so paying bribes (atleast in India) won't be sufficient in this case.

 

[Paranoid Android]

What happens when you want to go and collect that money? That is something I never really understood about all of this - what is the exit strategy?

As long as the money is in Hong Kong, its yoru company's money, and you're the owner of the company. The company is a different entity, and as long as the money is in your name, no one is going to come after that money, cos the money belongs to the company. You make that money for the company so you draw a minimum wage and pay taxes for it, and get the company to give you perks such as rents and flight tickets. Your money gets added up in Hong Kong in your company's account and since you're the sole owner of the company its all your money, in the company's name. your govt can come after money thats in your name, but not in the name of a comapny that you own that is actually making the money and paying you a salary.

If you want to exit, which you wouldn't have to imo, just open a company at some off shore location, and make your hong kong copmapny pay for 'services' to your new company, and your money in Hong Kong is out and into your new company's account. Invest that money in all those weird Cayman Islands mutual funds if you don't know what to do with it

That's the big problem mate! There are always risks you'll be caught.

dafaq ru talking about man? A hong kong company is a hong kong entity, no Italian is going to come after it, and the assets of the company can be displayed wide open in public. you pay taxes only on your dividends and your salary.

 

[Blackhat_Guru]

I am very impressed in how much faith you have in keeping your money in the Chinese hands (HK)
At the end of the day, China is in charge in HK and they can change laws to take your money.

Cant you guys come up with a better option?
What was the country Arthur Anderson set up shop in?

 

[American Trends]

most of the sales in IM are electronic which is quite difficult to erase , so paying bribes (atleast in India) won't be sufficient in this case.

It would be,coz, here in India, nothing is impossible when you break laws. Even if you will be held for tax issues, your attorney will settle everything for few bucks.

 

[Paranoid Android]

^^^^I don't know what you're trying to project bro, but I live in India too. Apart from the bribe thing that you're trying to glorify, you need at least 2 directors and share holders to form a company in India, and at least one of them should be an Indian national. Try bribing your way into that. Then there is the opening of a bank account for the company, takes days for the manager to verify the business address, registration docs and 10s of pages of forms to sign before you finally get an account. And once you manage to get your bank account, there are these RBI regulations. You just can't get money out of India.

30% corporate tax, 30% personal income tax, 20% in bribes, out of $100 you make, the system would gracefully let you keep about $20. If you try to evade tax on payments that come in to your bank through wire transfers and paypal etc, the Income Tax dept will slap you with a notice, and the Lawyer/Auditor would extort you to double the money that you would have paid as taxes. This means, you would end up spending like $160 plus the $80 in taxes, per $100 made if you even think about breaking the law.