€1M+/year dropshipping - FRench resident - Offshore setup ?
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What structure are you using to pay 1,75%. annual tax? Just using a resident Cyprus company with Georgian or UAE subsidiary? The accountants I've talked with did not︀ give me the correct structure for such a bet.
Having a 1,75% tax rate and︁ having a Cyprus residency would be a heaven for me.
Having a 1,75% tax rate and︁ having a Cyprus residency would be a heaven for me.
this information has a price. The price is to spend many hours checking the differents posibilities that has each juridictions. It cost me so many time looking for, to give you here for free the info. It's not complicate. Only check and spend hours reading diferents possibilities.︀ Check difrerent advicers in diferets countries, and pay for it as I did. And you︁ will see that is not imposible. You can beleive or not beleive. It's not my︂ problem. Only I explain you what I got.
But as I see that you are︃ a sympatic boy, I will give you only an exemple for free and for your︄ illustration. If you setup a company in Funchal (Madeira) , and have only 1 employee,︅ you will pay only 5% tax. And if you setup this company in a Special︆ zone, you will pay the half of 5%. This mean 2,5%. But like this exemple︇ there is many countries in Europe or in other jurisdiccions with a good planning to︈ structure companies. Only you need to spend many hours checking and consulting with the correct︉ people. Not with accountant.
But as I see that you are︃ a sympatic boy, I will give you only an exemple for free and for your︄ illustration. If you setup a company in Funchal (Madeira) , and have only 1 employee,︅ you will pay only 5% tax. And if you setup this company in a Special︆ zone, you will pay the half of 5%. This mean 2,5%. But like this exemple︇ there is many countries in Europe or in other jurisdiccions with a good planning to︈ structure companies. Only you need to spend many hours checking and consulting with the correct︉ people. Not with accountant.
Second what @andres33 said.
Also in France, you got the same it's called "zone franche".
You are completely exempt of tax on profit, workers social contribution, and many more for the 5 first years.
There is some limits about the profit non taxable too, something like 60k Euros if I remember well.
Also in France, you got the same it's called "zone franche".
You are completely exempt of tax on profit, workers social contribution, and many more for the 5 first years.
There is some limits about the profit non taxable too, something like 60k Euros if I remember well.
There are some countries with these advantages. But for 5 years it's not practicable. But the worst for many countries is to know how they will apply the exit tax whe the concession will be end. This is a important point to know. The exit tax can be︀ very hard depending the countries and can dalete all the benefice that you earn. France︁ is a country to avoid absolutely
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