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Tax Haven Question

Discussion in 'Business & Tax Advice' started by ArmoredMedia, Jan 18, 2014.

  1. ArmoredMedia

    ArmoredMedia Junior Member

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    Don't know too much about taxes. So want to learn more about it as I will be needing the knowledge in it soon.

    I understand tax havens can help drop the overall cost of taxes, I just really don't know how to go upon opening one for an LLC.


    I heard Delaware is a tax haven, but I am assuming it means the entire place is a tax haven? Or is it specific on how you go upon opening an LLC license? Also would you have to be a resident of Delaware to be able to register the LLC?


    All help much appreciated. Thanks BHW.

    Apologies if my knowledge is limited in taxes, we all start somewhere don't we? :p
     
  2. Amsterdammer

    Amsterdammer Power Member

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    The Netherlands is a tax heaven too. :D
    Not useful for the poor, but still.

    To open a LLC in Delaware or in another country you can use a middle man, lets call him a lawyer, who can take the legal heat for you and provide a physical address. A 30 second search on G, this includes reading, tells me you will pay 200 to register it and pay an annual tax of 250 plus the cost of your middleman. If you are up for that, please continue. :)
     
  3. binbin77

    binbin77 Newbie

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    Go to talkgold forum, they have a whole section on it and even agents that can set them up for you
     
  4. fxphil

    fxphil Senior Member

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    Yes a few states are great. Another way to do things is Florida as you pay no income tax. Your business will pay but you can up your salary safely that way and walk away from STATE taxes.

    I have owned some business there and a few other states with limited taxes. Satellite offices can be found for $50 a month with valid address. You can have a proxy setup for another $40. Well worth it in my opinion. (All right offs as well as my trip to Florida whenever I want to go)

    Disclaimer: Consult an attorney
     
  5. Alpha.

    Alpha. Power Member

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    Plesse don't even think about tax havens and such before you contact an expert. Tax evasion solutions are expensive and legally shady(at the very least)

    Posted via Topify on Android
     
  6. boccas323

    boccas323 Newbie

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    Malta is surely a tax haven!

    Back in the days there was only a 5% Corporate Tax on companies which came from a foreign jurisdiction (we're talking 90's here).

    Nowadays however we employ the Full Imputation System.Basically a foreign company pays a 35% corporate tax and gets back 30% when dividends are paid so at the end of the day only an effective 5% tax rate is paid.

    Check it out ... and it's fully approved by EU. We're in the EU and use the Euro currency so that might facilitate business!