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This can't be said for all of the EU. In the UK if you direct a foreign company but are UK based then HMRC will consider it a UK company for tax purposes. I l
by ashconnor 15y ago
This can't be said for all of the EU.
In the UK if you direct a foreign company but are UK based then HMRC will consider it a UK company for tax purposes.
I looked at incorporating in Ireland because A. We wanted good Euro banking which the UK doesn't have and B. The corporate tax rate is a mere 12.5%.
- Atropos 15y agoRegarding taxes the rule would probably be the same everywhere in Europe. However nothing would (legally) stop you to base your company in Ireland or Estonia etc... The EU flexibility rather concerns other aspects. For example in Germany if you wanted to have a limited liability company (GmbH), you needed to have 20,000€ capital. The british limited had a lower requirement so lots of small german businesses incorporated as a Ltd. Now there is a new limited liability company in Germany called the "UG" without the minimum capital, which otherwise would never have happend or at least not as fast.
- Loic 15y agoAs said before, in my case, I do not try to escape the taxes, I try to get the simplest setup to focus on my work and not on paper work. If your really want to limit your tax footprint, ask a good accountant, in UK with the City, you are packed with accountants specialized in tax optimization. But again, I am a small startup, so no ideas about all these options.