EU (Offshore) Company with VAT

[ms20]

Hello,

is it possible to have an offshore entity with european VAT-ID?

If that is not possible, which country is the best choice for an onshore company in terms
of low taxation/dividends to foreign shareholders, low admin effort and fees e.g. audits etc.

Hungary
Lichtenstein
Cyprus
Ireland

Objective of the entity is trading (acts as a purchase agent) and some supplier in Europe are not keen to be involved into the export process.

Cyprus Offshore can't have EU VAT ID?

 

[negon]

The only way you can do this with a Cyprus company is if it is resident, so it is easy to register the company for VAT.

Non Resident Cyprus companies can't be registered for VAT.

 

[ms20]

Thanks, will look into the resident/onshore options of the countries with the lowest tax and without withholding tax for foreign individuals/companies.
Hungary looks quite interesting, especially you good lower tax rate by royalties, interest payments etc.

 

[JohnLocke]

Cyprus has no tax on royalties and interest payments at all as far as I know from my current company, just to mention it.

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[ms20]

how much does it roughly cost to maintain the company with address, audit etc?
Accounting should be fairly simple.

 

[JohnLocke]

ms20 said:
how much does it roughly cost to maintain the company with address, audit etc?
Click to expand...

Aprox 3500 euro each year depending on how much activity I have!

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[belarus]

Admin said:
Aprox 3500 euro each year depending on how much activity I have!
Click to expand...

Lots of money. I'm doing so far fine with Seychelles and Belize, however, what I consider is to register a Cyprus company and use the Seychelles corp as nominee director and shareholder in the Cyprus corp. does that work you think?