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Best country to create an internet company in?

Discussion in 'Business & Tax Advice' started by Cystomatic, Aug 30, 2012.

  1. Cystomatic

    Cystomatic Junior Member Premium Member

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    Well I am currently in the process to start a company for my internet website.

    I live in Italy, but I live like 30 minutes away from Switzerland, Austria and around 2 hours away from germany.

    So what would be the best country to create the company in? If it's even possible to create it in a different state.

    Let me know.

    Also, I am going to talk with a lawyer soon, just to inform me further.
     
  2. dvdgangster

    dvdgangster Junior Member

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    Well you live in the EU so you have the freedom to move to whatever country you want within the EU and work from their
     
  3. b0u4bD4

    b0u4bD4 Junior Member

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    Occupation:
    Student
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    i Would Say Tunisia , Really cheap workers in here , you can get an engeneer for 500-600 Euros/ Mounth !!! , it's a really secure and stable envirement to invest in ! Loads of investors are coming to Tunisia because the gouverment is helping them with their projects , it's a 1 Hour Flight from Italy , you can get a rent for the Company starting from 200 Euros Per Mounth !!! you can get a Bachelor degree Holder to work for you for less than 300 Euros per mounth , so with all the benefits this new gouverment is giving away now , i say this would be your chance to get a slice of the "Tunisian Mine" Pie ^^ If you need help or any info , dont hesitate contacting me , i can't PM for the moment , so reply here .
     
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  4. Jfrase

    Jfrase Regular Member

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    There are couple of good options. As a general rule I tell all my clients to stay away from mainstream countries. Its better to be in smaller obscure yet stable countries . Simply because those countries do not attract any unwanted "eyes"

    So if you are in EU, there are few countries where you can get incorporated and pay 0% corporate tax and 0% personal tax ;)

    And often you dont need to even leave your country for that ..

    cheers
     
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  5. Autumn

    Autumn Elite Member

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    Occupation:
    I figure out ways to make money online and then au
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    If you are in Europe then there are a lot of web companies in Malta. Cheap cost of living, beautiful Mediterranean scenery, solid internet and very favourable tax structure.

    Other than that the common options I see a lot are Caribbean e.g. Antigua and Barbuda and Central / South American tax havens e.g. Panama.

    For us Asia-Pacific people, Hong Kong and Singapore are both also very good in terms of their taxation for off shore businesses. A common set up is to have a Hong Kong corporation and a Singapore bank account for your business.

    Definitely see a lawyer though because a lot of your tax obligations are going to depend on which country you are a citizen of, and the particular tax treaties they have.
     
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  6. seniorempire

    seniorempire BANNED BANNED

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    the uk, no question
     
  7. Cystomatic

    Cystomatic Junior Member Premium Member

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    My friend suggested to register the company in Oman. He is working with me on this, and he lives in Oman. What do you think about that?

    Also, what are some of the "tax heaven" countries here in europe?

    Thanks for your help :)
     
    Last edited: Aug 30, 2012
  8. Cystomatic

    Cystomatic Junior Member Premium Member

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    Malta would be a heaven to register a company in!

    Well my friend suggested to register it in Oman, because of no tax. What do you think?
     
  9. ThreadKiller

    ThreadKiller Power Member

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    Well, if you run truly black hat, just go down to Hong Kong and register a company there. No VAT for internet sales. Probably no tax for foreign income either.

    If you wanna run white hat, and legally, and within EU, you need a low VAT and low tax regime. I suggest Cyprus or Bulgaria.
     
  10. Nathaliee

    Nathaliee Junior Member

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    You are all newbies. The best country without a doubt to start an Internet business is the Philippines

    and the best place to form a legal company for legal reasons is Hong Kong or Seychelles
     
  11. Cystomatic

    Cystomatic Junior Member Premium Member

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    So could you please tell me the advantages of creating a company in these countries?

    Thanks a lot.
     
  12. GmailPVA

    GmailPVA BANNED BANNED

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    I Would also Say Tunisia , there is Really cheap workers..
     
  13. micheal.burns1

    micheal.burns1 Newbie

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    Occupation:
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    Best Option is UK or may be US
     
  14. Cystomatic

    Cystomatic Junior Member Premium Member

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    I will either go with Malta or the UK now.

    Maybe later move on to a more offshore country.
     
  15. deiwman

    deiwman BANNED BANNED

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    Romania! Cheap taxes, cheap labour + There are a lot of people here speaking Italian! Anche io .... :)
    600 euro to a lawyer and you have yourself an LTD company (he will do all the job)
    average salary / month 250/300 euro
     
    Last edited: Sep 4, 2012
  16. synfig

    synfig Regular Member

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    I am from India and I am going to say bluntly that you should avoid Asia. Why? If your lifestyle is much better compared to the life in one of these asian countries then it is better you should be in country where you're 1) safe, 2) resourceful 3) good social environment 4) cheap on tax and real estate. Though asia is cheap, I can tell you for sure,it will not remain safe in terms of crime and political stuff for long. Try to see if you can find safe and low tax place in europe. No matter how much anyone argue, you can't compare life with money in asia vs europe. I can bet you money on that. Read autumn's advice above.
     
  17. Cystomatic

    Cystomatic Junior Member Premium Member

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    I was actually considering romania. I've heard that they have amazing internet speeds, cheap workers and hot women.

    Could you possibly recommend me a location (city) that is widely populated and popular, but cheap?
     
  18. Acber

    Acber Newbie

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    You are right about Romania , but you should know that government increased the VAT taxes to 24% , and don't forget that Romania have 131 Taxes , the second worst world place to build a company here. (second place in the world with such a large number of taxes). I recommend you Cyprus , make an offshore there , and I want to give you one more important information , about 3000 people from here are building Cyprus offshore per semester, people are closing their companies here and build them in Cyprus, I hope that I make an Idea about Romania :) you are right about "amazing internet speeds, cheap workers and hot women" :)
     
    Last edited: Sep 4, 2012
  19. Cystomatic

    Cystomatic Junior Member Premium Member

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    Damn, 24% VAT, that's more than in italy, so I will definitely not go to Romania.

    Well what do you think about Malta?
    And Cyprus seems quite nice, how much is the VAT for businesses there?
     
  20. Acber

    Acber Newbie

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    Sorry , I Don't know to much about Malta, I recommend you Cyprus , for Cyprus offshore you will have no VAT and taxes but you will pay about 1000-1500 euro per year (for offshore maintenances), Hire a lawyer over there , they have small fees.