Personally I would opt for an Irish entity with Irish management in place with the goal of setting up a small office and employing staff in Ireland. A business such as yours would do well with a good Irish based SEO team who can assist in expanding it exponentially.
One of our services is to offer structuring out of Ireland to our clients. Often Ireland is picked because the various entrepreneurs are from all over the EU, and the rest of the world and it is a good solid central location.
Often they start with a post box company and we then assist them to expand and develop the company. While management is in Ireland, shareholders can pretty much be anywhere and they would pay taxes on their income in their local jurisdictions. An Irish company can link to PayPal/Stripe and many other payment and banking solutions with little to no hassles.
You will be subjected to Irish tax as well as VAT once you pass a certain threshold.
Expect to spend at least 10,000 EUR per annum for the initial service and 35,000 EUR to manage the company and staff as the shareholders choose to expand the business.
In my experience, the problem with offshore entities is that what you save on taxes you ultimately spend on management and bureaucracy. So unless there is a specific reason for going offshore i.e. licensing, you would simply be better off staying local.
I have encountered my fair share of BTC based businesses where entrepreneurs find themselves with a decent sum of cash and with no way to spend it on the things they want (Cars, houses, etc) because they never thought about structuring their business in a manner which allows them to pay taxes and enjoy the fruits of their labour.
If you really want a solid structure then you need to think about:
trust A -> company B (tax efficient jurisdiction) -> company A (operation jurisdiction)
The flow of funds is from A to B to Trust. In your local jurisdiction you setup trust B which borrows from trust A in order to buy property/cars/assets etc.
At the end of the day, you will need to ask yourself, is it honestly worth the bureaucratic hell you are going to put yourself through in order to manage all of this when you can simply have:
Company A (in your home town), owned by you. You earn dividends, salary etc. which you pay taxes on. Hire a good accountant who will minimise this for you. Buy a property, equities, shares etc which you donate to your trust. And live your life with as little complications as possible.
One of our services is to offer structuring out of Ireland to our clients. Often Ireland is picked because the various entrepreneurs are from all over the EU, and the rest of the world and it is a good solid central location.
Often they start with a post box company and we then assist them to expand and develop the company. While management is in Ireland, shareholders can pretty much be anywhere and they would pay taxes on their income in their local jurisdictions. An Irish company can link to PayPal/Stripe and many other payment and banking solutions with little to no hassles.
You will be subjected to Irish tax as well as VAT once you pass a certain threshold.
Expect to spend at least 10,000 EUR per annum for the initial service and 35,000 EUR to manage the company and staff as the shareholders choose to expand the business.
In my experience, the problem with offshore entities is that what you save on taxes you ultimately spend on management and bureaucracy. So unless there is a specific reason for going offshore i.e. licensing, you would simply be better off staying local.
I have encountered my fair share of BTC based businesses where entrepreneurs find themselves with a decent sum of cash and with no way to spend it on the things they want (Cars, houses, etc) because they never thought about structuring their business in a manner which allows them to pay taxes and enjoy the fruits of their labour.
If you really want a solid structure then you need to think about:
trust A -> company B (tax efficient jurisdiction) -> company A (operation jurisdiction)
The flow of funds is from A to B to Trust. In your local jurisdiction you setup trust B which borrows from trust A in order to buy property/cars/assets etc.
At the end of the day, you will need to ask yourself, is it honestly worth the bureaucratic hell you are going to put yourself through in order to manage all of this when you can simply have:
Company A (in your home town), owned by you. You earn dividends, salary etc. which you pay taxes on. Hire a good accountant who will minimise this for you. Buy a property, equities, shares etc which you donate to your trust. And live your life with as little complications as possible.
