Where to open a company?
- Thread starter PinkyX
- Start date
nicofan
Junior Member
- Jul 25, 2010
- 142
- 79
i think the worst about founding a company in europe is the bureaucracy! you basically need to hire an accounting firm to do all the book keeping for you. I can just tell you in Switzerland it is quite expensive and strict with bureaucracy.
for a swiss LLC you have to deposit an initial approx. 22'000 USD
for a swiss stock corporation you have to deposit an initial approx. 112'000 USD
that's just the money you deposit as a ground foundation. you can't use this money.
for a swiss LLC you have to deposit an initial approx. 22'000 USD
for a swiss stock corporation you have to deposit an initial approx. 112'000 USD
that's just the money you deposit as a ground foundation. you can't use this money.
Is it possible to pay taxes in Ireland as a sole trader but to sell services and live from my country (which also is in european union)
TrustSymbol
Newbie
- Apr 19, 2011
- 19
- 1
Hi,
I think Cyprus is what you are looking for
Thanks
I think Cyprus is what you are looking for
Thanks
You need to find good advice, a lawyer to protect your ass.
The problem is in finding a good one, nobody here ever recommended me a decent one.
It is hard to avoid tax now though. If you control a company in Cyprus but you live in the UK or anywhere else then the second country will still tax you because its obviously a ruse.
There is something called "anti-avoidance legislation". Basically, if it looks like a duck and quacks like one then it is one.
The alternative is to hide what you do. Again, this is difficult today because you have to show a passport to open any bank account. You might think "how will they find out"? Well, banks employees are going rogue all the time and selling data to tax authorities.
I've always done it the legal way but Europe is full of bureaucracy its ridiculous. Its not even worth my being self employed in many countries. At least the UK tax system is easy to navigate I will say that much, there is no bureaucracy at all.
But yeah if you want to benefit from a country's tax laws you need to live there. Anything else and you are evading tax, despite what some of those selling solutions may say.
I remember some IT contractors who paid no tax by an arrangement where their money was received as a "loan" from companies in the Isle of Man. Except the loan never had to be repaid!
Sounds great right? Wrong! One of these companies decided to sell up and the company that bought it decided to call in all the loans! Do you think the UK government gave a sh1t to all the wailing tax evaders? Of course not!
Your better bet is moving to Asia. Many marketers go to Thailand. They don't even bother declaring taxes. The more "third world" a country, the more likely you will get away with it because these countries just aren't up to scratch in terms of monitoring and vigilance.
The problem is in finding a good one, nobody here ever recommended me a decent one.
It is hard to avoid tax now though. If you control a company in Cyprus but you live in the UK or anywhere else then the second country will still tax you because its obviously a ruse.
There is something called "anti-avoidance legislation". Basically, if it looks like a duck and quacks like one then it is one.
The alternative is to hide what you do. Again, this is difficult today because you have to show a passport to open any bank account. You might think "how will they find out"? Well, banks employees are going rogue all the time and selling data to tax authorities.
I've always done it the legal way but Europe is full of bureaucracy its ridiculous. Its not even worth my being self employed in many countries. At least the UK tax system is easy to navigate I will say that much, there is no bureaucracy at all.
But yeah if you want to benefit from a country's tax laws you need to live there. Anything else and you are evading tax, despite what some of those selling solutions may say.
I remember some IT contractors who paid no tax by an arrangement where their money was received as a "loan" from companies in the Isle of Man. Except the loan never had to be repaid!
Sounds great right? Wrong! One of these companies decided to sell up and the company that bought it decided to call in all the loans! Do you think the UK government gave a sh1t to all the wailing tax evaders? Of course not!
Your better bet is moving to Asia. Many marketers go to Thailand. They don't even bother declaring taxes. The more "third world" a country, the more likely you will get away with it because these countries just aren't up to scratch in terms of monitoring and vigilance.
wholesalereplica
BANNED
- Oct 14, 2010
- 691
- 248
Thailand every time, no one cares where you get the money as long as you spend some
Globalmerchant
Newbie
- Apr 21, 2011
- 23
- 1
When you need merchant processing We can help you!
btw, when you say "so I wouldn't have to move", that doesn't work.
Anti-avoidance legislation means if you run a company from overseas, even if the company is resident in the other country, because you are doing it to just save tax, then tax authorities will nail you for it and treat it as if the company is resident where you are.
Unless you conceal it, which is illegal.
Anti-avoidance legislation means if you run a company from overseas, even if the company is resident in the other country, because you are doing it to just save tax, then tax authorities will nail you for it and treat it as if the company is resident where you are.
Unless you conceal it, which is illegal.