Hello,
I own hosting provider and for the past 8 years have been working under Dominica IBC with bank acc in Singapore.
Things are changing, Dominica is introducing 30% tax since 2021, many companies don`t want to work with offshore anymore.
Thus we are searching for the jurisdiction for the next many years to satisfy some conditions:
Payment systems (e.g. Paysera, Transferwise) are not willing to open account for offshore, even more, Paysera needs EU company to allow credit cards merchant service. So most likely we need EU company.
Jurisdiction should allow Non-EEA citizens to open company, it should be possible in the next 1-2 years to open bank account for that jurisdiction.
We do not use any nominal directors or shareholders, business is absolutely clean and legal
The only purpose is clear - to pay as less taxes as possible, accumulating rest after all expenses on bank acc (if possible).
We have considered and problems found:
Estonia: Accounting and Tax return. After 40 000 Eur you need to register for VAT and provide pricing to EU customers (which are most that we have) with VAT and monthly reports and etc.
UK/Scotland LP: Responsibility by personal assets, risks that payment systems will stop working with UK after brexit. Banks don`t want to open acc.
UK LLP: Risks that payment systems will stop working with UK after brexit. Banks don`t want to open acc. Accounting and Tax return
Ireland LP: EU residency needed. Banks don`t want to open acc, responsibility by personal assets.
Ireland LTD: 12.5% tax, not clear how much can be deducted for expenses (we have almost 90% of total income spent at the end to our suppliers of services/servers and etc), EU resident director needed (can be bypassed by EU Bond for 2000 Euro), Accounting and Tax return
Can someone advise any proper solution, so that we could register company directly on non-EEA resident, could open account preferably in EU bank, register in EU payment systems and could collect funds with minimal possible tax? No office in EU, only physical servers
Thank you
I own hosting provider and for the past 8 years have been working under Dominica IBC with bank acc in Singapore.
Things are changing, Dominica is introducing 30% tax since 2021, many companies don`t want to work with offshore anymore.
Thus we are searching for the jurisdiction for the next many years to satisfy some conditions:
Payment systems (e.g. Paysera, Transferwise) are not willing to open account for offshore, even more, Paysera needs EU company to allow credit cards merchant service. So most likely we need EU company.
Jurisdiction should allow Non-EEA citizens to open company, it should be possible in the next 1-2 years to open bank account for that jurisdiction.
We do not use any nominal directors or shareholders, business is absolutely clean and legal
The only purpose is clear - to pay as less taxes as possible, accumulating rest after all expenses on bank acc (if possible).
We have considered and problems found:
Estonia: Accounting and Tax return. After 40 000 Eur you need to register for VAT and provide pricing to EU customers (which are most that we have) with VAT and monthly reports and etc.
UK/Scotland LP: Responsibility by personal assets, risks that payment systems will stop working with UK after brexit. Banks don`t want to open acc.
UK LLP: Risks that payment systems will stop working with UK after brexit. Banks don`t want to open acc. Accounting and Tax return
Ireland LP: EU residency needed. Banks don`t want to open acc, responsibility by personal assets.
Ireland LTD: 12.5% tax, not clear how much can be deducted for expenses (we have almost 90% of total income spent at the end to our suppliers of services/servers and etc), EU resident director needed (can be bypassed by EU Bond for 2000 Euro), Accounting and Tax return
Can someone advise any proper solution, so that we could register company directly on non-EEA resident, could open account preferably in EU bank, register in EU payment systems and could collect funds with minimal possible tax? No office in EU, only physical servers
Thank you
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