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Starting a ltd, need some help

Discussion in 'Business & Tax Advice' started by eveneven, Jan 13, 2014.

  1. eveneven

    eveneven Regular Member

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    Hi,

    I would like to start a limited liability company, as it will save me tons on taxes. I live in Spain, but I pay my income tax to Norway. As I make fairly good money on my day job, any income from IM will come on top of that and will be taxed ~50%.

    I prefer to establish a company outside Norway, as all my revenue is generated from US companies (and taking it through Norway will just add cost and more bureaucracy).

    It will be used for IM -- but mainly for investing in stocks/real estate.

    So, does anyone here have a guide/website explaining the process? Books? Which destination in Europe would be best? Gibraltar? What is the "best practice"?


    Thanks.
     
  2. boccas323

    boccas323 Newbie

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    I believe my country, Malta offers one of the best solutions in Europe.

    We employ the Full Imputation System.

    In detail:

    Malta is one of the few countries that apply the full imputation system. By means of the full imputation system, the tax suffered and paid in Malta by the Malta company is directly attributed to the shareholder of the company.


    Therefore, where the Malta company has suffered tax in Malta (Corporate Tax is at 35%) and makes a distribution of dividend in favour of the shareholder, the shareholder is not subject to any further tax in Malta upon the dividend received. (No Income Tax).
     
  3. innozemec

    innozemec Jr. VIP Jr. VIP

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  4. boccas323

    boccas323 Newbie

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    There are other options like Cyprus and Gibraltar. You must also take inconsideration alternative things like security, business environment, government stability etc.
     
  5. greatfargo

    greatfargo Newbie

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    you should consider the service and register office cost. It can balance the tax benefits. You may consider Ireland.
     
  6. bonefish

    bonefish Registered Member

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    Occupation:
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    I have written an article about Gibraltar, PM me and I will send you the link. Not sure I can post it on here for fear of looking like I am selling something (which I am not).
     
  7. Bileks

    Bileks BANNED BANNED

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    If all your money is coming from USA, open a LLC in Delaware(tax Free), Open a bank account. Link US Bank account with US Paypal. Ask your clients to pay to your Bank via Wire or Paypal.
    And the ATM card of US bank, withdraw the money at your place.
    You pay 0 Tax !!!