Best company country setup for 2 shareholders living in 2 different countries

[JBusiness]

Hello all,

I plan to create a new business with a partner/shareholder.

As we are living in different countries (him in Canada and me in France). We ask ourselves which would be the best country to set up the company.
For a brand new company, we don't expect to have a complex business structure at this step.

Also, one of my concern is related to the reclassification as permanent establishment in France and/or Canada...

Any advice on this?

Thanks in advance.

Last edited: Nov 29, 2020

 

[troubled soul]

Best UAE.
Internet Related try dic.ae (Dubai Internet City)
You can get visa also and tax-free earning.

 

[JBusiness]

hirenshukla2017 said:
Best UAE.
Internet Related try dic.ae (Dubai Internet City)
You can get visa also and tax-free earning.
Click to expand...

If my understanding is correct, the company would be considered as non-resident in UAE. Moreover, as some decisions will be taken from France and Canada, tax from profit will have to be paid in those 2 countries ?

 

[CaptK]

You will have to choose which one is more tax efficient for you. Ideally one of you needs to move to the UAE or alternatively use a UK LLP or US LLC.

Unfortunately both countries are very Aggressive with regards to tax.

 

[troubled soul]

JBusiness said:
If my understanding is correct, the company would be considered as non-resident in UAE. Moreover, as some decisions will be taken from France and Canada, tax from profit will have to be paid in those 2 countries ?
Click to expand...

If you remit money to your country then It will taxed as Your foreign source income.
You keep money on Company account and use visa/master card for your need.