Openining a company malta maybe

triharas · Jan 27, 2016

I want to provide web design solution for some estores here in greece and some companies. But here to open a company you have to pay something like 460euros oer two months and about 200 for the accountant thatmakes the company papers. Any recommendationin which country to open the company tax free and cheap???

hekke · Jan 27, 2016

Well, make your business first off make some money before you think of registering a LLC. But yeah, Malta is a good place that is cheap and low tax. First thing is to start it, and actually start making some money unless you already have enough to pay the investment that a LLC needs (to put value on your stocks). Learn to do the paper work yourself if you want to save some money as well.

/I am not a tax advisor, nor that experienced in this. I just speak my mind./

obiwan69 · Jan 27, 2016

Estonia has 0% corporate tax if I understood it correctly, Especially for me because it takes 30 minutes to get to Estonia so that would be a great option for me once I start making some money. I hate my government, I plan on moving permanently to Canada in a couple of years and I'm not going to pay a cent to my country because the way they spend the money is what just turns me off, so once I start banking I'm going to register it in Estonia and not pay any tax to this fucking shithole.

Capo Dei Capi · Jan 28, 2016

obiwan69 said:
Estonia has 0% corporate tax if I understood it correctly, Especially for me because it takes 30 minutes to get to Estonia so that would be a great option for me once I start making some money. I hate my government, I plan on moving permanently to Canada in a couple of years and I'm not going to pay a cent to my country because the way they spend the money is what just turns me off, so once I start banking I'm going to register it in Estonia and not pay any tax to this fucking shithole.

Estonia doesn't have a 0% corporate tax, they tax the company when money is distributed to shareholders along with fringe benefits and non business expenses. You will also be paying taxes in the country you are residing in.

obiwan69 · Jan 28, 2016

Capo Dei Capi said:
Estonia doesn't have a 0% corporate tax, they tax the company when money is distributed to shareholders along with fringe benefits and non business expenses. You will also be paying taxes in the country you are residing in.

What if you don't distribute the money? Let's say I register the company there and I wouldnt take any wages, I'd just let it sit there until I have enough funds to purchase a house, I would then go on purchasing a house in the company name, they wouldn't tax it as it is a company asset right?

Capo Dei Capi · Jan 28, 2016

obiwan69 said:
What if you don't distribute the money? Let's say I register the company there and I wouldnt take any wages, I'd just let it sit there until I have enough funds to purchase a house, I would then go on purchasing a house in the company name, they wouldn't tax it as it is a company asset right?

It would probably be considered a fringe benefit and they would tax it.

obiwan69 · Jan 28, 2016

Capo Dei Capi said:
It would probably be considered a fringe benefit and they would tax it.

Hmm yeah, Ill have to look more into it, just read couple articles about it.

darthguybrush · Jan 28, 2016

You most likely can't just open a company somewhere else too avoid taxes.

It's not that easy. You most likely have to move and live there and even than it's a very confusing.

Every country has his own very complicated tax laws and you will have to deal with 2 countries wanting money from you, You'll should speak with a taxadvisor about this, they usually don't charge for the first meeting.

HostStage · Jan 28, 2016

I have talked about it in another thread, but Malta is not as simple as it sounds. It never is (source is a lawyer)

You need to open 2 companies to have an interesting tax scheme. One holding company owning a sub company (which is your business )so you earn dividends that would make the taxes refunded by 6/7th. Otherwise it is 35% taxes.

But, dividends may be highly taxed in your home country. (of course you can squeeze some expenses out of the holding but not everything otherwise it is tax fraud).

The amount you mentionned (460? for 2 months + accountant) is a cheap way to get going. Think about how many customers it would take to make it profitable (more likely 2 giving your line of work). I'm sure there are some others taxes.

Hong Kong is also a very interesting place since taxes are 0% for all customers outside Hong Kong and 15% for Hong Kong based ones.
Yearly fee is around $2k to get a chineese secretary + a company that is taking care of the paperwork to renew your company.

Since, you 'll be operating more likely offline, i'm not sure such an offshore structure is the right thing to do.

ScaleUP · Jan 28, 2016

Molis eida ton titlo lew Ellinas einai aytos !! XaXa
Kales doulies man.
Egw ekana mia malta kai mia voulgaria apo mia etairia edw ellada.

manking · Jan 28, 2016

Well if you register a company in estonia you will have to have a bank account if your costumers pay to that account you have to give a earning report each month to the tax company, by the end of the year when you will take it all out you have to pay the income tax that is 20 something percent to the government. Plus yes you don't need money at first, but at some point your company must have assets that equal to some sum, i don't remember if it was 2000 euro or so.

triharas · Jan 28, 2016

What about bulgaria... the tax there is about 10 % and is very cheap to open a company..

jazzc · Jan 28, 2016

triharas said:
What about bulgaria... the tax there is about 10 % and is very cheap to open a company..

If you're half serious about this, there are specialized accountant offices locally in your country that will guide you and set you up with everything. Tax matters are tricky these days and tax law differs significantly from country to country - don't risk future pain just to save a few hundred euros.

Wilson Grant Fisk · Jan 28, 2016

triharas said:
I want to provide web design solution for some estores here in greece and some companies. But here to open a company you have to pay something like 460euros oer two months and about 200 for the accountant thatmakes the company papers. Any recommendationin which country to open the company tax free and cheap???

jazzc said:
If you're half serious about this, there are specialized accountant offices locally in your country that will guide you and set you up with everything. Tax matters are tricky these days and tax law differs significantly from country to country - don't risk future pain just to save a few hundred euros.

Unfortunately most of these "Tax" threads are made by people who aren't really earning, they think if they move their tax affairs abroad they can eliminate tax and save a few more pennies but they can't even afford to seek out specialist help from a Lawyer or Accountant.

(Not saying that is you OP, just in general)

It is just my opinion but I think unless you are earning 6 figures and above then this shouldn't be a concern unless you are in a jurisdiction where you get taxed at 50%+

Governments worldwide are looking to close tax loopholes and it is a fine line these days between tax avoidance and tax evasion.

Every day you will see clampdowns announced in the news:
http://www.bbc.co.uk/news/business-35426593
http://www.theguardian.com/business...tinise-uk-google-tax-deal-avoidance-crackdown
http://www.euractiv.com/sections/euro-finance/eu-prepares-new-tax-avoidance-push-321379

jazzc · Jan 28, 2016

W130SN said:
Governments worldwide are looking to close tax loopholes and it is a fine line these days between tax avoidance and tax evasion.

A more exact statement is that they are looking to close the loopholes for the big masses. They are definitely not looking to close the loopholes - who makes them in the first place?

myopic1 · Jan 28, 2016

jazzc said:
A more exact statement is that they are looking to close the loopholes for the big masses. They are definitely not looking to close the loopholes - who makes them in the first place?

How cynical, next you'll be claiming governments are motivated by their own self interest and money...now if you'll excuse me gents, I have a house to buy in British owned Gibralta.

Capo Dei Capi · Jan 28, 2016

jazzc said:
A more exact statement is that they are looking to close the loopholes for the big masses. They are definitely not looking to close the loopholes - who makes them in the first place?

But is it not the tax reduction loopholes, but the loopholes in reporting that allow for tax evasion to occur easily? It seems alot of the new treaties are about person residing in Country A, creates a company in Country B and uses the company in Country B to pay for things in Country A.

The harder loopholes such as setting an offshore company with low or no corporate income taxes and leaving the money there. With the person going every 5 years or so go to the USVI for 183 days of the year to receive the money to reduce personal income taxes by 90%.

1morenoob · Jan 28, 2016

myopic1 · Jan 28, 2016

triharas · Jan 28, 2016

jazzc said:
If you're half serious about this, there are specialized accountant offices locally in your country that will guide you and set you up with everything. Tax matters are tricky these days and tax law differs significantly from country to country - don't risk future pain just to save a few hundred euros.

thanks mate i will try find some advise here in my country...

Openining a company malta maybe

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