Ireland Ltd. vs UK Ltd.? Which one for the EU market?

[bibing]

Hello,

I would need to setup a company to serve EU companies since many are not willing to have nothing to do with my HK company.

- I'm running a small affiliate network.
- Eventually the company in EU would be owned by the HK company or by an extra-UE person.
- I excluded Malta, Cyprus, and the Eastern Europe countries (Bulgaria, Hungary, etc.)

At the end the choice is between UK Ltd and Ireland Ltd.

1. Which one will have the lowest taxes?
2. Which one will have the lowest "maintenance" (auditing, yearly fees, other BS fees, etc.)?

As an additional question, I read about UK LLPs. Would it be ok for this kind of business since it seems with a LLP taxes are paid in the country of the OB residency (in this case HK)?

 

[David97255]

Incorporation, fees costs arealmost the same for both.
Ireland got 12.5% corporation tax on trading profits. UK 20% ( but you can work on it with an agent agreement even with your house company).
Ireland got also double taxation agreement.
I would say it depend on your goals and product.

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Scammed people on the forum!

 

[Martin Everson]

bibing said:
I would need to setup a company to serve EU companies since many are not willing to have nothing to do with my HK company.
Click to expand...

A hard brexit will mean UK company will be treated by EU just like a HK company ns2

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[David97255]

@Martin Everson I use a lot of UK company .. what to do??!!! Difficult to cut off the usuals.
Do you really think an hard brexit is possible?
I just hope it will be the same as before

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Scammed people on the forum!

 

[Neqzwer3]

UK
Corporation tax is 19%

Ireland
Corporation tax is 12,5 %

Accounting cost is similar (about 1000GBP/EUR per year for small/medium company)
You must have virtual office and this is cost about 100 GBP/EUR per year
and thats it.

The jurisdiction is very similar so the system work fine. You dont have to going to any tax office ( everything you can do by internet) so dont worry.
In both cases you will have no problem signing a contract with companies in Europe.

 

[Martin Everson]

David97255 said:
@Martin Everson I use a lot of UK company .. what to do??!!! Difficult to cut off the usuals.
Do you really think an hard brexit is possible?
I just hope it will be the same as before
Click to expand...

I don't think it would be in anybodies interest to not have a deal post brexit. I would however hope for the best and prepare for the worst, as the EU is going to send a clear message to any other EU country thinking of leaving and getting a good deal post leaving...lol.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Martin Everson]

For those not old enough to remember black Wednesday in 1992 and the UK forced to leave the ERM. Learn from history (see below). The German's left the UK to the market wolves....lol.


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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[hofo]

Ireland Ltd has until for a few years ago been the best country in the EU to avoid taxed legally on corporate plan! What does it makes it different in 2019 you think?

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Hi I'm HoFo and love Internet Privacy and OffshoreCorpTalk dead:-!

 

[bibing]

hofo said:
Ireland Ltd has until for a few years ago been the best country in the EU to avoid taxed ...
Click to expand...

Which country is the best now?