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Best company country setup for 2 shareholders living in 2 different countries

JBusiness

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Nov 22, 2019
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Hello all,

I plan to create a new business with a partner/shareholder.

As we are living in different countries (him in Canada and me in France). We ask ourselves which would be the best country to set up the company.
For a brand new company, we don't expect to have a complex business structure at this step.

Also, one of my concern is related to the reclassification as permanent establishment in France and/or Canada...

Any advice on this?

Thanks in advance.
 
Last edited:
You will have to choose which one is more tax efficient for you. Ideally one of you needs to move to the UAE or alternatively use a UK LLP or US LLC.

Unfortunately both countries are very Aggressive with regards to tax.
 
If my understanding is correct, the company would be considered as non-resident in UAE. Moreover, as some decisions will be taken from France and Canada, tax from profit will have to be paid in those 2 countries ?
If you remit money to your country then It will taxed as Your foreign source income.
You keep money on Company account and use visa/master card for your need.
 
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