Hello everyone,
We are two French people living in France and ready to launch a company that will offer an online crypto currency exchange around the world.
We have carried out research on the different jurisdictions of several countries and it turns out that in Europe, the regulation is not very favorable for startups because it is necessary to obtain a license which is very expensive.
So we looked at what was happening with our competitors, and most of them have their companies based in countries such as the Seychelles, Saint Vincent and the Grenadines, Cayman Islands.
Indeed, after research, these countries do not impose regulations on cryptocurrency service companies, which has the advantage of allowing startups to get started easily (and the disadvantage that some take advantage of it to create scams ... but that is not the subject).
So we would like to create a company in Seychelles, however we are wondering about taxation because we are French residents.
After some research we have concluded these few points but would love your expert advice / corrections:
- It is not necessary to declare that we are beneficiaries of a company in Seychelles.
- All income paid (dividends or salaries) will be taxed in France.
- The profits of the company, which will remain in the company's bank account, do not need to be declared. (We are not sure on this point).
On the last point, we have not found any information on this subject. Is it necessary to declare the profits of the company which are not paid to the beneficiaries?
We would like your confirmation on the few points above if possible
Thank you in advance,
Good day,
We are two French people living in France and ready to launch a company that will offer an online crypto currency exchange around the world.
We have carried out research on the different jurisdictions of several countries and it turns out that in Europe, the regulation is not very favorable for startups because it is necessary to obtain a license which is very expensive.
So we looked at what was happening with our competitors, and most of them have their companies based in countries such as the Seychelles, Saint Vincent and the Grenadines, Cayman Islands.
Indeed, after research, these countries do not impose regulations on cryptocurrency service companies, which has the advantage of allowing startups to get started easily (and the disadvantage that some take advantage of it to create scams ... but that is not the subject).
So we would like to create a company in Seychelles, however we are wondering about taxation because we are French residents.
After some research we have concluded these few points but would love your expert advice / corrections:
- It is not necessary to declare that we are beneficiaries of a company in Seychelles.
- All income paid (dividends or salaries) will be taxed in France.
- The profits of the company, which will remain in the company's bank account, do not need to be declared. (We are not sure on this point).
On the last point, we have not found any information on this subject. Is it necessary to declare the profits of the company which are not paid to the beneficiaries?
We would like your confirmation on the few points above if possible
Thank you in advance,
Good day,
... le fisc français va devenir votre meilleur ami !
