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best company setup for selling services

Mimimel

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MimimelNew MemberAuthor
Joined
Feb 2021
Messages
71

#1

Hi, for my advertising agency I am looking for the best company setup as possible I will need :

- bank account opened remotely and mutlicurrency available EUR/USD needed
- corporate tax at 0% or very low
- can't be a transparent entity like an us LLC
- can't be located in USA or HK
- low accounting fees if possible
- anonymous will be an +

Profit will be returned in salary or dividend. My personal income are at taxed at 0%

Where would be the best place to incorporate my company ?

Last edited: Mar 18, 2021

SolsOffshoreCorpTalk moderator
Joined
May 2019
Messages
6,542

#2

Assuming it's a low-risk and legitimate business, I'd say Isle of Man or a jurisdiction like that (Jersey, Gibraltar, Guernsey, maybe Caymans). Work with someone who provides local directors and nominee shareholding to make bank account opening easier. Costs a little extra, though. I wouldn't do it for a business making less than 100-200,000 EUR/year in profits at least. Corporate tax is normally zero, but the entities are not tax transparent.

If you want something a little cheaper, check with Gecko, ILS, Aston, and Dixcart. If you need a little more hand-holding and sophisticated services (legal help, proper tax planning), speak with Appleby, Vistra, or Sovereign Group.

You're looking at around 5-15,000 GBP/year in fees (bit more for the higher end ones), depending on size and complexity of the business. If you are able to accurately predict the workload required, you can usually negotiate a fixed fee so as to reduce the unknowns.

JohnLockeOffshoreCorpTalk owner
Joined
Dec 2008
Messages
15,888

#3

Would have had been helpful to know what exactly it is you are going to sell.

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