4 ms·
Having run companies in various countries, some of them more tax friendly then others, my advice is to keep it simple. Unless your turnover will be in excess of
by mdekkers 10y ago
Having run companies in various countries, some of them more tax friendly then others, my advice is to keep it simple. Unless your turnover will be in excess of about a million USD annually, the compliance hassles are not worth it. with your money coming from somewhere else, your tax department is going to flag you up, and turn you inside out. you might not be doing anything wrong, but it will be something you will have to deal with, and pay lawyers and accountants to sort out.
I currently have an LTD in Cyprus, and am shortly moving to France. On paper, it is going to be hugely advantageous to keep my LTD in Cyprus, and move income via Cyprus to France. In reality, the likelihood of hassles with the French Tax and social insurance departments is very high, so I'll be setting up shop in France. When the millions start rolling in, I'll figure out some kind of construction, if it will be worth it.