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Incorporate in EU?

Discussion in 'Business & Tax Advice' started by richelld, Apr 1, 2011.

  1. richelld

    richelld Junior Member

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    Merchant processors are telling me I need to incorporate in the EU. What is the quickest way to do that?
     
  2. bushbabie21

    bushbabie21 Executive VIP Jr. VIP Premium Member

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    I would be very careful incorporating in the EU...tax rates are astronomical.
     
  3. LyNHS

    LyNHS Regular Member

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    I believe Germany has the highest Tax rates (41%?) - I'd stay WELL away from Ireland, Greece, Portugal or Spain. If you want Corporation, try Lichtenstein - it's a tax haven (tax free), and there are 3x as more companies as there is people.

    Just Google how to register a company in Lichtenstein or something... other than that, then in the UK you can register a Corp for just £20 - but you'd need to do your research. This doesn't mean you're free from tax (Inland Revenue will be knocking on your door every 3 months) and you'll need to set yourself PAYE in order to pay yourself - if you aren't PAYE and you pay yourself, you'll be money laundering thus committing a crime that can get you a massive fine or in Prison for 7 years.

    If you don't live in the EU, or don't know someone or have access to an address in the EU - I would give up now... in fact, you won't be able to get a corp.

    Hope that helps.
     
    Last edited: Apr 1, 2011
  4. richelld

    richelld Junior Member

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    i can get a visa to enter EU, can I get PO box there or something? dont plan to stay
     
  5. ExtraWinner

    ExtraWinner BANNED BANNED

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    LOL, why is that?
    You can get 0% tax in IFSC district.

    Also it is European headquarter for Google, Amazon, Ebay, Symantec, Microsoft, PayPal...

    Ireland is easy top3 places to incorporate in EU...

    It is not correct to assume that because of recession it is bad to be...
    Actually thanks to recession it is one of the best places to be, as prices dropped.
     
  6. ba_laz

    ba_laz Power Member

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    try Cyprus or Gibraltar
     
    Last edited: Apr 1, 2011
  7. ChangBeer

    ChangBeer Registered Member

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    The best would be either Cyprus (10% tax rate, 15% VAT rate) or Bulgaria (10% tax rate, 19% VAT rate) or Isle Of Man (there will be some changes in the next years). If you have enough funds to plan a good structure, you will end up paying only the VAT, all other goes tax-free and legal.

    Liechtenstein has about 20% tax and is also not in the EU. Besides, the country is called Liechtenstein - not Lichtenstein. It's the same like calling it USE instead of USA. :)
     
  8. mikkseen

    mikkseen Jr. VIP Jr. VIP Premium Member

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    As far as ease goes UK is best. English speaking, Cheap , Quick and you can do it all online.

    Depending on what you want to do I would also look into Isle of Man, Alderney, and Gibraltar.