1. A partner with 1% share of OE, EE, is eligible/liable for the 1% of the profits/losses of the company, however for legal issues, every partner is fully responsible for any liability of any amount that may occur. Even with 1% of a small company he will be liable to pay let's say 5 millions from his own property, in case of a lawsuit (eg an accident, a fraud, etc)
2. For I.K.E. the discount of 5 first years is not valid (95% sure for this, not 100%)
3. You don't need an accountant by law, but laws in Greece are pretty complex, it's good to have an accountant, to avoid issues. The same for the UK accountant, actually he has done nothing the last 4 months (just some questions for less than 1 hour of his time), I am thinking of firing him, because he asked me additional 20 GBP plus a 150 GBP fee just to add me to payroll (as the director of my LTD). I am sure I can do all this stuff myself
Actually I am out of contract at the moment, I am waiting for some updates for next weeks. If I go back to work soon, I will go with the OE, IKE solution, because my rate will put me on high bands both on UK and Greek personal company. Also, I want to make sure that if I choose any other option in the future (US LLC, etc), if I will be asked to pay everything as Greek company (PoEM, etc) this will be done on the 22% level and not on other lunatic bands (44%, etc)
I will focus on Greece, as I don't intend to move to any other country for tax reasons. I will check options like company investing to estate, assets, stocks, etc in order to make that 22% even lower in legal and by the book ways.
To be honest I am mostly attracted by the I.K.E. type of company which has also 22% CIT. It's true that it has a 5% dividend tax but in the long term, I could leave some serious money in the company (not get dividends
) with other formats, eg property investments, etc and only get some money as living expenses (bills, etc) I need to see what happens in this scenario, eg if the company reaches some 100's of thousands in property, how can I eventually get these assets to my name and what are the taxes in that case. These will definitely need to discuss with accountant and lawyer
Are you sure about this? Is it valid in the case of I.K.E.?
Do you know if I can invoice my I.K.E. as a personal company and benefit from the low tax for the first 10K plus the lack of dividends for the second 10K? That would be nice. Actually I could invoice the first 25K (5K expenses) as personal company and leave the rest in the I.K.E. without getting dividends, in order for future investments to real estate or stocks. This sounds a very good schema. Is it ok/legal though or it can be challenged for "virtual invoicing"?