rent a company

ivan1911

Active Member
Has anyone ever tried to rent a company ?

I saw
1. winglio.com
2. rentacompany.com

Now the second one gives you a debit card so you can withdraw cash and have it as expense and not have any divident so you don't have to pay any tax..
Fees differ based on your needs but if it's legit it would be interesting for sure...

The first one I have a friend who used them and they are 100% legit , however their fees are 6.6% per transaction and then you send the money to your personal account where you pay dividents tax.

Second one is interesting but I have no experience with them , it's convenient as you get a card which you can withdraw money for 'expense '

Anyone did something like this before ?
 

moneynetwork

Corporate Services
Business Angel
Mentor Group
Commercial Service
Now the second one gives you a debit card so you can withdraw cash and have it as expense and not have any divident so you don't have to pay any tax..
I have seen this for many years back, today you are asking for huge troubles if you do it. You can be held responsible for something other people have done. I don't believe this ti be a valid solution.

You may even trap into a SCAM since anyone in this world with just a little knowledge about KYC / DD and Money laundering rules know that this is asking for trouble.
 

blockchain4ever

Building Trust
Entrepreneur
I don't think this is necessarily "asking for trouble". Variations of this exist all over the place.

For example in the UK you have payroll/umbrella/rent-an-employer companies that are all variations of this. The risk around money laundering is held by the service provider, while you have counter party risk.

Of course, these types of companies do not reduce any tax liability in your home country. More likely than not, your tax liability is higher using a setup like this than if you use a local company.
 

ivan1911

Active Member
@ivan1911 winglio.com seems like a much better option than the second one, even if it is more expensive.
by getting your payments as dividends, your local tax liability is typically much smaller.
Yes I know winglio is totally legit.. they need you to sign a contract with whoever you provide your service to... It's a great thing but fees add up.. it all comes to about 22% if you live in Croatia ...
 

blockchain4ever

Building Trust
Entrepreneur
Yes I know winglio is totally legit.. they need you to sign a contract with whoever you provide your service to... It's a great thing but fees add up.. it all comes to about 22% if you live in Croatia ...
Can you break those fees down?

Actually, I found there was a 3% fee at rent a company as well for getting dividends, they just don't advertise it in big letters on their front page. So it could be better overall.
 

ivan1911

Active Member
Can you break those fees down?

Actually, I found there was a 3% fee at rent a company as well for getting dividends, they just don't advertise it in big letters on their front page. So it could be better overall.
6.6% partnership fee , that's the first thing they take after you get payment
3% withdrawal fee
That's it from their side plus a few eurs for transactions... 4.5€ or so..

Divident tax in Croatia 12%
On that 12% you need to lay 18% more
 

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