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Would you consider Cyprus? A member of European Union, EUR currency, 12.5% corporate tax (for most software businesses could go as low as 2.5%). You collect an
by nlitened 3y ago
Would you consider Cyprus?
A member of European Union, EUR currency, 12.5% corporate tax (for most software businesses could go as low as 2.5%). You collect and pay VAT only for European customers, otherwise no VAT. Supported by Stripe.
Foreigners pay 0% dividend tax. Rather low setup and maintenance costs, can effectively have no physical presence in the country. Most documents are in English.
Good climate, too, if you get to visit (visit not required for company setup). Hit me up if interested, I am very happy myself with it.
- candiodari 3y agoWhat about bank account + transfer fees + how like are you to trigger terrorism enforcement?
- stavros 3y agoThey do try to gouge you a bit on the bank accounts, but nothing too bad (I think a few tens of euros per month). Things have tightened down in recent years, so the "foreigners pay 0% tax" bit doesn't easily apply, you need to be a permanent resident of Cyprus to get the 0% bracket and it's hard for them to consider you a permanent resident, and it's more like 2% in the end.
- nlitened 3y agoYou could get a bank account in Revolut Business, where for a small monthly subscription you get zero or very low transfer fees, good currency conversion rates, very nice web/mobile apps, and pretty reasonable KYC with responsive support (especially compared to average European banking experience). If you don’t do any shady stuff, you should be fine.
- moralestapia 3y agoThanks, this sounds real nice, >Rather low setup and maintenance costs Can you give an estimate on that?
- nlitened 3y agoI’d estimate around $2k for set up and around $2k yearly — if you’re willing to outsource absolutely everything (registration, legal, accounting, audit) and never visit or do anything personally. Likely could go cheaper in exchange for more personal time spent.
- resing 3y ago[dead]