Hi,
This is my first post here and want first of all to thank everyone for the helpful posts, answers and knowledge!
I'm about to start a company in Sweden, but am thinking of how I can avoid drowning in taxes (initially and forever). My longt term goal is, if I'm successfull, to be able to copy this procedure on new ideas/companies, hence Company A below could be 1-10 companies (in various EU countries) down the line.
First question:
My goal is to be able to live in Sweden (for now), while starting up some companies but minimize all taxes as legally as I can.︀ My thinking of setting up would therefore be the following, which I would much appreciate︁ your advice (/ input) on.
Company A - A swedish registered company owned 100% by︂ company B (conducting business in Sweden). Company A, har 1-2 employee(s), which I'm 1 of,︃ living in Sweden (for now), taking out a low income salary to be taxed in︄ sweden but still reap benefits such as health insurance, child care etc.. Company A will︅ pay e.g. licensing fees (and/or consulting fees, interest rate on company loans) to Company B,︆ so that Company A does not make any profit (or loss).
Company B (a holding︇ company?)- A e.g. Maltese registrerad company. Makes profit on the companies and pays low company︈ tax in Malta, + pays out dividends (with little to no tax) to owners (me︉ and my business partner) of Company B. It would also be a long term goal︊ that Company B, could lease cars, own houses etc. instead of me as a person︋ (if Sweden starts up wealth taxes in the future).
In Sweden we pay company tax(>20%),︌ high taxes on salaries (>55%) + VAT (25%, which cannot be avoided )etc. I would︍ like to minimze the amount of taxes I am paying while still operating business and︎ living in Sweden (for now).
All input / tips and advice is highly appreciated!
This is my first post here and want first of all to thank everyone for the helpful posts, answers and knowledge!
I'm about to start a company in Sweden, but am thinking of how I can avoid drowning in taxes (initially and forever). My longt term goal is, if I'm successfull, to be able to copy this procedure on new ideas/companies, hence Company A below could be 1-10 companies (in various EU countries) down the line.
First question:
My goal is to be able to live in Sweden (for now), while starting up some companies but minimize all taxes as legally as I can.︀ My thinking of setting up would therefore be the following, which I would much appreciate︁ your advice (/ input) on.
Company A - A swedish registered company owned 100% by︂ company B (conducting business in Sweden). Company A, har 1-2 employee(s), which I'm 1 of,︃ living in Sweden (for now), taking out a low income salary to be taxed in︄ sweden but still reap benefits such as health insurance, child care etc.. Company A will︅ pay e.g. licensing fees (and/or consulting fees, interest rate on company loans) to Company B,︆ so that Company A does not make any profit (or loss).
Company B (a holding︇ company?)- A e.g. Maltese registrerad company. Makes profit on the companies and pays low company︈ tax in Malta, + pays out dividends (with little to no tax) to owners (me︉ and my business partner) of Company B. It would also be a long term goal︊ that Company B, could lease cars, own houses etc. instead of me as a person︋ (if Sweden starts up wealth taxes in the future).
In Sweden we pay company tax(>20%),︌ high taxes on salaries (>55%) + VAT (25%, which cannot be avoided )etc. I would︍ like to minimze the amount of taxes I am paying while still operating business and︎ living in Sweden (for now).
All input / tips and advice is highly appreciated!
