Expat looking for incorporating a offshore company in Europe.

[zack]

Hello,


I'm looking for the formation of a offshore company in Europe. I have been reading the forum and it seems Cyprus, Malta and the UK are the best offshore jurisdictions for low tax or even avoiding tax.


My problem is not personal income tax, I'm an expat and don't live anywhere permanently.


For banking purpose I'm looking at Cyprus.

 

[Zqq]

I would add Gibraltar to your list. With no VAT and 0 - 10% tax‌ on company profits, it has some interesting tax benefits. Income from a non-resident Gibraltar company‍ to a non-resident person is tax-free if paid out through dividends or interest.

 

[zack]

I don't like Gibraltar for personal reasons, however,‍ it is the same as in Cyprus I read.

 

[craigs]

For me it is obvious⁠ that a Gibraltar company is of any use any longer if you want to avoid⁤ corporate tax! Cyprus still maintain a distinct between onshore / offshore i.e. resident and non-resident.⁣

 

[Zqq]

It is correct that there is a 10% flat tax for Gibraltar companies, but there‌ are other aspects to consider when comparing jurisdictions. Gibraltar has in some regards tighter privacy‍ and is not a part of the EU Common Customs Territory and is thereby exempt⁠ from a lot of other taxes that may affect a business within the EU. This⁤ may be beneficial to some and useless to others.

 

[zack]

Excemption of tax is not always good. Better is to work with tax treaty to‌ avoid to pay tax.

 

[coromandel]

This last point is interesting, please‍ clarify.

I'm assuming you meant a DTT + low rate of tax is better than⁠ tax have + none.

 

[JohnLocke]

Second that 😉