Best jurisdiction 2024 ?

[Tate]

Hello,
I would like to know what is the best current jurdisdiction to open a company with 0% tax if possible, as stable as possible ,without being resident.
Jurisdiction that is not blacklisted (grey list), our activities: Marketing/social media.

What jurisdiction do you advise?
Thank you

Last edited: Jan 11, 2024

 

[Marzio]

The company will be tax resident where marketing and social media activities will be performed‌ so unless you move to a 0% tax country or hire a real director in‍ that country you'll pay taxes where you are tax resident.

 

[kilor]

You will need to establish a real office and some workers for you in the‌ country of where the tax rate suites you best, in that way you can keep‍ a low corporate tax.

 

[Don]

For smaller business UAE (although you should also obtain⁤ their residence permit) - up to a certain level of profits its 0% tax.
There are some jurisdictions which are not 0% tax, but 0% tax until profit is distributed:⁣ Estonia, Latvia, Georgia.

Perhaps its worth looking further into some of these jurisdictions.

 

[Gediminas]

Hey,

It depends very much on your personal tax⁤ residency.

Since you are looking to set up a company in “non-back listed” but still⁣ zero tax jurisdiction you can take a look at an HK entity, Dutch CV, UK⁢ LLP, or US LLC (disregarded from a tax perspective).

On the other hand, if you︀ reside in a high-tax country your tax residency country might likely try to tax income︁ from such a company (CFC, PE rules).

 

[uplana]

My personal list would look like the one below. It's important not only to consider‌ these 0% [tax jurisdictions] but also how difficult it is to run a business in‍ such a place, even if it's only on paper that it's operated from the respective⁠ country.

• Cayman Islands
  
• Bermuda
  
• UAE
  
• Singapore
  
• Ireland
  
• Hong Kong
  
• Isle of Man
  

 

[Tate]

I'm interested about HK, but i can read that after some researches :⁤
" Profits tax for the first HK$2 million of profits of corporations is 8.25 percent.⁣ "

Why are you saying that it's 0% tax?

 

[uplana]

It's not‌ exactly zero but a very low tax as you correctly pointed out. This can then‍ be further reduced by burdening the company with real costs.

HK Offers a low tax⁠ regime (not zero, but still low), no foreign exchange controls, and easy repatriation of profits.⁤ It's a major gateway for doing business in Asia.

 

[Tate]

0% and low tax is not the same, especially for few millions $ per⁤ year.

 

[uplana]

It's as true as you write it! But you will‍ encounter massive problems with 95% of the countries/companies offering 0% corporate tax - both with⁠ banks, tax authorities, the banks again, and possibly business partners. If none of this matters,⁤ then just open a cheap, budget company in Belize or the Seychelles. It can be⁣ ready in 2 hours if you register it now.

 

[Tate]

Ok thanks for your advice, do⁣ you know a good jurisdiction that poses no problem with tax banks etc, for less⁢ than 10% tax in total, apart from uae, without being resident?

 

[Mr Gus]

What is your country of residence?

 

[Marzio]

Vatican city

 

[Don]

Don't forget Mount Athos (zero VAT, no taxes,‌ no feminism, free citizenship on admission).
Monks running Estonian entities with e-residency and paying out‍ salary with zero tax.

 

[Marzio]

How could I have missed this?‌

 

[Tate]

please stop to troll

 

[Don]

From the heart of‌ compassion, I share a well-kept secret: an Estonian company with a PE in Mount Athos‍ is a heavenly marvel of tax strategy.
It's quietly outperforming amidst the world's fiscal noise:⁠

• Estonian residency + Estonian company with a PE in Mount Athos.
  
• You will have to⁤ attribute all the profits from the activities to the PE, where they are not taxable,⁣ nor will they be taxable when the profits are redistributed to the shareholders.
  
• donate some⁢ money to a monk to be a local director
  
• no vat, no tax, reputable jurisdiction︀ (EU)
  

 

[Marzio]

I'm sorry, don't you like my‌ answer?

Maybe you are a fellow muslim and Vatican City isn't your cup of tea?‍

Rejoy, Western Sahara comes to the rescue!

If you want serious answers then ask serious⁠ questions and not fantayland questions.

So you are making few millions per year doing marketing⁤ / social media.

You said "our" activities so unless you see yourself as the holy⁣ trinity it means that there's staff working for you.

If there's staff working for you⁢ then to achieve your goal you should either move those people to a low taxation︀ country or fire them all and hire new people in a low taxation country.

Then you shuld move to a country where you can receive dividends tax free.

I see︁ from your profile you are from Switerland.

If that's the case then form a branch︂ of your AG / GmbH in the Canary Islands and hire at least 3 people︃ in the Canary Islands doing your social media stuff from there.

By hiring at least︄ 3 people in the smaller islands (Fuerteventura or Lanzarote) and by investing as little as︅ 50K in some fixed assets you could enjoy a 4% taxation.

Then all the spanish︆ branch profits could be remitted tax free in your Swiss AG and those profits will︇ be tax exempt in Switzerland.

At this point distribute dividends to your offshore company which︈ then will distribute dividends to you tax free.

There could be other options, better options,︉ this was just the first that i pulled out of my a$$.

@Don it won't work since, as you know, Month Athos profits should︋ have been subject to tax to make it exempt in Estonia.

 

[Tate]

If you don't to answer seriously just shut up.
Thank you.

 

[Offshore13]

I have opened small entities in a few different jurisdictions over the past 10 years‌ and now my company is based in the UAE 100% including residency for employees etc.‍ Personally and from what I have seen for small to mid-size operations the best solution⁠ so far 0% corporate tax and no income Tax if you have a Freezone company.⁤ Safe and friendly environment, BUT make sure you read between the lines and you have⁣ an accountant or/and a lawyer to help you understand where you are putting your feets.⁢