Hello, I already browsed this forum a lot but decided to open an account to ask about what the best solution for this could be. We operate marketing solutions for one group of companies in the EU. We do practically everything related to promotional activities of the company and have a pretty unique agreement with them regarding the payments.
Each year, we are given access to their dedicated expense account with approx. 500-750K USD (depending on expansion plans). First, the employees are paid with that, then we use money for the doing the activities themselves, and according to the contract we are given the remainder of the expense account at the end of the year as payment. This usually amounts to about 200K USD. Currently, the funds are received in a company registered in the place of business, but it means that it needs to pay an income tax rate of around 20%.
All funds are received as 1 or 2 lump sum payments at the end of the year. The business does not need any transactional banking. It would only use the funds for investing in a reliable fund or at some point purchasing & holding real estate.
The jurisdiction should have a closed registry for the privacy of the director & shareholder. The director and shareholder is the same, and EU citizen & resident. It would also preferably have little to or no tax rate to avoid having to dish out 20% of profits here in the EU.
Is such an option available? Is it bankable - if so, what jurisdiction and what potential financial institution?
Each year, we are given access to their dedicated expense account with approx. 500-750K USD (depending on expansion plans). First, the employees are paid with that, then we use money for the doing the activities themselves, and according to the contract we are given the remainder of the expense account at the end of the year as payment. This usually amounts to about 200K USD. Currently, the funds are received in a company registered in the place of business, but it means that it needs to pay an income tax rate of around 20%.
All funds are received as 1 or 2 lump sum payments at the end of the year. The business does not need any transactional banking. It would only use the funds for investing in a reliable fund or at some point purchasing & holding real estate.
The jurisdiction should have a closed registry for the privacy of the director & shareholder. The director and shareholder is the same, and EU citizen & resident. It would also preferably have little to or no tax rate to avoid having to dish out 20% of profits here in the EU.
Is such an option available? Is it bankable - if so, what jurisdiction and what potential financial institution?