Cyprus VS Bulgaria VS other - where to incorporate in 2019?

kevino · 2019-02-26T07:22:34+00:00

Hello, The last few weeks I dig a lot to find a place where to incorporate my company. My business is quite simple and working with a simple website : - customers find the website and pay us for the online service we provide - 2 shareholders are based in Asia (different countries) since many years but with Europe passport - dozens of freelancers from everywhere in the world work for the business, no salary but payment for each task - customers are mainly from Asia, sometimes from Europe, rarely from US - no office, no need because shareholders and freelances are working from home, starbucks, etc in different countries I want to incorporate in "clean jurisdiction" and not shady one like Mauritius or Seychelles. I need a place with low tax, bank account, and quite cheap for maintenance (without need to rent office and staff except if it's really low). The only thing I'm sure is I need to incorporate in Europe. I think we have the possibility to choose the best place to incorporate with minimum tricks as our business operations, customers, staff and shareholders don't belong to a specific country. I checked about Cyprus (12.5% corporate tax), but after many contacts and phone calling it looks like it's not an option anymore if we don't have physical presence there as now banks are very carefully. Of course incorporate the company is always possible but it's for bank account there is a problem. If someone have information about a way to have a company + bank account (on long term!) without physical presence in Cyprus, please let me know. Then I checked about Bulgaria (10% corporate tax + 5% dividends) during weeks. Looks interesting but we are far of the advertisement "your company for 400 euros". The price I got for incorporation the first year is more like 4000-6000 euros. If it had to be this price no problem but I'm even not sure Bulgaria is the best place for me. I checked also Estonia. Eventually that could be the solution but I'm sure I can get better than the 20% tax. If you have any information to help me to find the best place to incorporate my company, let me know :)

kevino26 Feb 2019

replies: 60
views: 1.6K

kevinoNew MemberAuthor

Joined: Sep 2018
Messages: 35

18 Apr 2019#61

Jav said:
These prices are a bit crazy. Anyway I can recommend the office I'm working with.

Great! Finally I got an answer straight to the point. Thank you for that!!

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