Hi all,
We're looking for the best structure and jurisdiction where opening a multiple shareholder company but let me explain anything more in details from the beginning.
I'm currently an EU resident obviously with no interest in working from my current high tax country.
I've recently gathered a group of 6 guys actively involved in the gambling affiliate business where each member of the team has a specific role so I'm the 7° member with the task to take care of all related bureaucratic/legal issues. Members belong to diff. EU countries except for one from Colombia and one fron Canada.
This cooperation started few weeks ago but the group is already starting to generate a growing monthly income.
I've been asked to look for the best jurisdiction where setting up a shareholder company of whom each member will own a quota.
We're talking of a 100% legit and transparent structure, we're all ready to pay our 'fair taxes' and each member will be responsible for its dividend taxes in his country of origin.
Problems are two here:
1. I'm the only unhappy member who needs to move elsewhere his tax residency as quickly as possible and I've really no preference considering this's a temporary moving (for the next 12/18 months only after that I've some better plans). I'm ready to go anywhere but we're living the hard COVID times so keep it in mind when suggesting a possible solution.
I'm looking for the lowest tax country where possibly getting my tax residency in max 2/3 months without having to fight with a too long and complex bureaucracy.
2. The best jurisdiction for the company might be Malta unless someone has a better idea in mind.
We're ready to do things properly, hiring a local tax accountant and having no need to hide our identities the important is opting for a gambling-friendly country.
We don't own any casino licences, we'll just work as affiliates (external partners) and we'll be in the position to provide legal contracts and documentation to proof the origin of our funds, that's not a problem.
I'll be probably happy to use Malta as tax residency country but it seems the process may be quite long and a bit complex so this's my last option.
Now we've the final issue: my second role in the company willl be to finance the whole business (office rental and ad campaigns to expand the activity as quickly as possible). I've my online activities so I can instantly start to generate a solid income once moved to my new tax residency, cleaning funds (by paying the due taxes) and moving them inside the company.
This's the reason I'm looking for a place where getting a quick tax residency because I'll then need to start working for few more weeks (other wasted time for the company) before being in the position to start financing it but that's fine.
Any idea ?
I'm ready to go personally to check the situation in any suitable country ... Not sure how many countries will be totally opened actually without forcing me to a quarantine and other time wasting stuff.
We're looking for the best structure and jurisdiction where opening a multiple shareholder company but let me explain anything more in details from the beginning.
I'm currently an EU resident obviously with no interest in working from my current high tax country.
I've recently gathered a group of 6 guys actively involved in the gambling affiliate business where each member of the team has a specific role so I'm the 7° member with the task to take care of all related bureaucratic/legal issues. Members belong to diff. EU countries except for one from Colombia and one fron Canada.
This cooperation started few weeks ago but the group is already starting to generate a growing monthly income.
I've been asked to look for the best jurisdiction where setting up a shareholder company of whom each member will own a quota.
We're talking of a 100% legit and transparent structure, we're all ready to pay our 'fair taxes' and each member will be responsible for its dividend taxes in his country of origin.
Problems are two here:
1. I'm the only unhappy member who needs to move elsewhere his tax residency as quickly as possible and I've really no preference considering this's a temporary moving (for the next 12/18 months only after that I've some better plans). I'm ready to go anywhere but we're living the hard COVID times so keep it in mind when suggesting a possible solution.
I'm looking for the lowest tax country where possibly getting my tax residency in max 2/3 months without having to fight with a too long and complex bureaucracy.
2. The best jurisdiction for the company might be Malta unless someone has a better idea in mind.
We're ready to do things properly, hiring a local tax accountant and having no need to hide our identities the important is opting for a gambling-friendly country.
We don't own any casino licences, we'll just work as affiliates (external partners) and we'll be in the position to provide legal contracts and documentation to proof the origin of our funds, that's not a problem.
I'll be probably happy to use Malta as tax residency country but it seems the process may be quite long and a bit complex so this's my last option.
Now we've the final issue: my second role in the company willl be to finance the whole business (office rental and ad campaigns to expand the activity as quickly as possible). I've my online activities so I can instantly start to generate a solid income once moved to my new tax residency, cleaning funds (by paying the due taxes) and moving them inside the company.
This's the reason I'm looking for a place where getting a quick tax residency because I'll then need to start working for few more weeks (other wasted time for the company) before being in the position to start financing it but that's fine.
Any idea ?
I'm ready to go personally to check the situation in any suitable country ... Not sure how many countries will be totally opened actually without forcing me to a quarantine and other time wasting stuff.
