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Where to open a company?

Discussion in 'Business & Tax Advice' started by PinkyX, Apr 21, 2011.

  1. PinkyX

    PinkyX Power Member

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    Hello, I'm a european citizen. I would like to know which country in europe ofers the best tax and insurance options.

    It is also important that I would like to buy a virtual office, so I wouldn't have to move from the country Im currently living in.
     
  2. Janpower

    Janpower Registered Member

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    Heej,

    I think you have to look in, Switzerland, Luxembourg
    You can look on this website for the best countries

    doingbusiness*0rg/rankings
     
  3. PinkyX

    PinkyX Power Member

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    So from what I've red the best idea is to open a company in Ireland. Has anyone tried this yet? Without living in Ireland?
     
  4. nicofan

    nicofan Junior Member

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    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.
     
  5. PinkyX

    PinkyX Power Member

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    Well I was thinking about becoming a sole trader in Ireland :) 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)
     
  6. Janpower

    Janpower Registered Member

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    I don't know where you life in Europe, but got all the European countries a double tax solution?
     
  7. richelld

    richelld Junior Member

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    monaco got u baby
     
  8. johnniew

    johnniew Jr. VIP Jr. VIP Premium Member

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    check about Cyprus the taxes there are about 10% and they have a great banking system, anyways you should consult with a lawyer about it.
     
  9. TrustSymbol

    TrustSymbol Newbie

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    Hi,

    I think Cyprus is what you are looking for

    Thanks
     
  10. florflor

    florflor Senior Member

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    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.
     
  11. wholesalereplica

    wholesalereplica BANNED BANNED

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    Thailand every time, no one cares where you get the money as long as you spend some
     
  12. Globalmerchant

    Globalmerchant Newbie

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    When you need merchant processing We can help you!
     
  13. Mysteriis

    Mysteriis Junior Member

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    i agree with third world countries for taxes.
    Otherwise, USA/Can/UK/Ireland/Swiss are good choices too.
     
  14. Henry04

    Henry04 BANNED BANNED

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    In the most cases its better to open a company in your own country.
     
  15. florflor

    florflor Senior Member

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    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.