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How to Start a Company

Discussion in 'Business & Tax Advice' started by ScaleUP, Feb 8, 2017.

  1. ScaleUP

    ScaleUP Jr. VIP Jr. VIP

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    Hi all,

    I am living in a European Country and taxes here are huge. Does any of you know an easy and cheap way to start a company abroad ? Any review on a service you personally have used ?
     
  2. javBBB

    javBBB Jr. VIP Jr. VIP

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    Belize and Cyprus..... Looking for there side...
     
  3. tophi

    tophi Jr. VIP Jr. VIP

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    That's the big problem in EU I think, I wanted to start my own small company but if you don't earn 800 1000 euros a month you can't even start. When you pay your taxes you will end up with nothing. So it's very hard just to try and see what is going at least in germany/austria/swiss.
     
  4. Heisenberg

    Heisenberg Jr. VIP Jr. VIP

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    Occupation:
    Freelancer
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    I recently heard about these guys https://www.winglio.com/ (not my website and not affiliated in any way with them)
    It costs you 6.6% of all income but they take care of all paperwork and you get clean cash, completely legal.
    Its basically rent a company and you can give out invoice or w/e like you own it.
     
  5. lenox92

    lenox92 Registered Member

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    In germany u can found a ugmbh you'll need 1€ to actually found it.If i am right you gotta pay 25% of youre net win of a whole year in untill u reach 25k to upgrade it to a GmbH
     
  6. I know SEO

    I know SEO Marketplace Mod Moderator

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    Thread moved to the business and tax advice forum.
     
  7. mynameisfrankenstein

    mynameisfrankenstein Regular Member

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  8. ScaleUP

    ScaleUP Jr. VIP Jr. VIP

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    Cyprus needs At least 3000€ to set up and about 2000€ a year for accountant ! Too expensive to start
     
  9. CyberHour

    CyberHour Jr. VIP Jr. VIP

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    Cyprus is outfashion. Register your company in Bulgaria you need 150euro for the registration 25 euro /mo for the accountant . 10% taxes yearly.
     
  10. ScaleUP

    ScaleUP Jr. VIP Jr. VIP

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    Can you suggest me a service which get the job done with these fees ?
     
  11. sportkid

    sportkid Jr. VIP Jr. VIP

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    Get Company in Estonia taxes arent so huge. & and u can make company + bank account withought even visiting it.

    PM me if help needed.
     
  12. CyberHour

    CyberHour Jr. VIP Jr. VIP

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    Forgot the insurance (around 80e/mo)
    Can you suggest me a service which get the job done with these fees ?

    Here you go
    advokatami.bg/en/?gclid=Cj0KEQiA5vXEBRChycOl36LPn5EBEiQAJV2-bFUkKFtd9iw0G1boAP4gbts61w5xhkU6ZE9nzeX30SoaAtPI8P8HAQ#incorp
     
  13. kekmaw

    kekmaw Junior Member

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    Where you have your company isn't what is most important. If you live in a high tax country and start a company in a tax haven, that won't help you because you will still be taxed fully because of your residency.

    You need to obtain tax residency in a low tax country or a country with territorial tax.

    Then you can benefit from opening a company in a low/no tax country.
    There are many options for this, Belize, Cyprus, Malta, UAE, HK etc etc... which will makes the most sense for you depends on your situation. But you need to move to a low tax country before you can benefit.
     
    • Thanks Thanks x 1
  14. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    LoL €150 and you think that will safe you taxes - again LoL some people here should reconsider why they have posted here midly put :D

    You will get taxed on your world wide income regardless if you live in Europe, USA or at the end of the world with the new CRS you have no chance to get rid of taxes for €150 go and buy you a Happy Meal at Mc Donnalds for this money.
     
  15. StormLand

    StormLand Newbie

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    In my country the fee is really cheap