holding company setup

speedfluss

New Member
I’m looking to create a holding company as a place to park various online businesses that i run such as :
  1. Online stores that sell physical products in Europe ( not dropshiping )
  2. Blog that sells informational products ( Digital products )
  3. Website that sells services ( Such as web design/ marketing services etc .. )
Information:
  1. I am a Czech Republic tax resident.
  2. I don't have access to Stripe because it's not supported in Czech Republic. ( I am accepting payments via PayPal only. )
  3. I want to have a company business account to receive payments from clients.
  4. I want a setup that is easy to manage ( not a lot of paperwork and tax fillings etc.., )
  5. Clients location depends on which website they are buying from, For online store, clients are from Europe. For other businesses mostly US and other english speaking countries.
  6. I don't think 0% tax is possible due to my tax residency, so a low tax setup would be Ok too.
What would be a suitable setup for someone in my situation? which jurisdiction makes sense?
 

mange38

Building Trust
Entrepreneur
Not sure what's your budget and how strict is the Czech tax administration in regards to CFC rules, but I would try to set up a UK LTD or a company in Estonia and apply for a business bank account in a Czech bank. For PayPal/Stripe you can use an EMI.
 

speedfluss

New Member
Not sure what's your budget and how strict is the Czech tax administration in regards to CFC rules, but I would try to set up a UK LTD or a company in Estonia and apply for a business bank account in a Czech bank. For PayPal/Stripe you can use an EMI.
If i would go with UK LTD company, from what i read, i wouldn't be taxed on foreign income that's generated outside of the UK right? But what kind of taxes will i be paying in CZ since i live here, i guess the regular rate of 19% for corporate taxes?
 

mange38

Building Trust
Entrepreneur
If i would go with UK LTD company, from what i read, i wouldn't be taxed on foreign income that's generated outside of the UK right? But what kind of taxes will i be paying in CZ since i live here, i guess the regular rate of 19% for corporate taxes?
The 'no taxes on foreign income' is a LLP thing, you will have to pay 19% if you have a UK LTD.

In regards to CZ, no idea, you have to speak with a Czech accountant.
 
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