Hi Guys,
I currently extract all profits from my company as a ltd salary, paying income tax of 50%+
Because of the setup of my company I need to extract profits as I go, I can't let them build up in the company over years.
I'm looking into the option of becoming non tax resident in Ireland and moving elsewhere, but unless I was to move the company elsewhere, any income from it would be susceptible to 50%+ tax.
I was looking at Malta as an option, but their 15% tax for wealth individuals only applies on income coming in from outside Malta, so from what I can see if I moved my compnay there also I'd be paying 35% income tax on any salary from it.
Can Cyprus offer anything better? Like I say I need to extract profits as I go, either as dividends or salary so I need an option that will work with this!
The company would also need to be VAT registered.
Any advice would be much appreciated.
I currently extract all profits from my company as a ltd salary, paying income tax of 50%+
Because of the setup of my company I need to extract profits as I go, I can't let them build up in the company over years.
I'm looking into the option of becoming non tax resident in Ireland and moving elsewhere, but unless I was to move the company elsewhere, any income from it would be susceptible to 50%+ tax.
I was looking at Malta as an option, but their 15% tax for wealth individuals only applies on income coming in from outside Malta, so from what I can see if I moved my compnay there also I'd be paying 35% income tax on any salary from it.
Can Cyprus offer anything better? Like I say I need to extract profits as I go, either as dividends or salary so I need an option that will work with this!
The company would also need to be VAT registered.
Any advice would be much appreciated.