Best solution for receving €20K month with EMI

[vvvictor]

Hi nice people,

I have a non-resident UK LTD and I want to hide these‌ money..

I need a EUR IBAN and actually I have Business Wise attached to UK‍ LTD with Belgium IBAN.

I don't know If Wise keep informed UK GOV about my⁠ EU IBAN transaction and if I have to declare something.

Im looking for a good⁤ advise and structure all better.

Thanks in advance for your time. 🙂

 

[CaptK]

If it's non resident then you can just pay yourself salary or invoice the company.‌

You don't need anything complicated unless you live in a high tax country then it‍ might be more efficient to pay the tax in UK.

Too many factors that we⁠ will require for everyone to give an opinion.

 

[ShillGates]

What captain k says indeed..... but besides that - have a plan before you start‌ rather than - oh I got this money I need to hide

 

[vvvictor]

Thank for⁤ you time, sorry for the delay. I think you are right under some things..

Ivoice the company from? But how?

In Italy tax are really high, I want to structure⁣ all like a corporate and make all legal but having low tax.
Do you have⁢ any idea on that? How much it will cost?

Thanks 🙂

 

[vvvictor]

You hare right, but thing happen when u have no control on it‍ lol

Initially I was considering to start a SRL (innovativa) in italy with a standard⁠ 20% corporate tax but for the first 5 year dividends can't be taken. And 20%⁤ is too much.

Online business are really competitive and the taxation can make the difference.I⁣ hope for a max of 5%.

 

[newNomad]

Interesting thread. I think in countries like France, Italy, Sweden the problem is not only‌ 20% corporate profit tax but also that you need pay yourself salary, pay contributions +‍ helthcare, then VAT is really high so if you have to charge it I guess⁠ it makes you non competitive - though I do not know what kind of business⁤ you're doing
How are you making those 20k per month?