I agree, you can find an accounting firm like @James Turner that can handle the entire company for you at a very reasonable price per year.
Help Needed: Best Country to Establish a Company
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It absolutely still is, individually FIG (foreign earned income and gains) has replaced non-dom status. Some of the world's biggest ecom and fintech companies are domiciled in the UK as LTD companies and they pay ZERO taxes by paying management fees to owned companies in other tax-friendly jurisdictions. London is still the most powerful city in the world. It is the center of finance for not just Europe, but the world. There are many extremely talented and wealthy individuals in London in a myriad of industries from finance to technology. Capital availability for businesses is only rivaled by NYC and SF.
As for London, I︀ am not sure where you are from or where you walked, but central and west︁ London are bar none some of the most elite places in the world with virtually︂ no equivalent. The architecture, private clubs, sophistication and refinement of people you see just walking,︃ not to mention the sheer concentration of wealth, and consumer comforts (farm to home delivery︄ services delivering the best grass fed pasture raised beef and organic vegtables being one of︅ those) is unrivaled. You can also live in London tax free for 4 years now︆ with FIG and remit that money to the UK without any taxes. 4 years is︇ enough time to plan for the future or monitor for further progressive changes which are︈ highly likely.
As for London, I︀ am not sure where you are from or where you walked, but central and west︁ London are bar none some of the most elite places in the world with virtually︂ no equivalent. The architecture, private clubs, sophistication and refinement of people you see just walking,︃ not to mention the sheer concentration of wealth, and consumer comforts (farm to home delivery︄ services delivering the best grass fed pasture raised beef and organic vegtables being one of︅ those) is unrivaled. You can also live in London tax free for 4 years now︆ with FIG and remit that money to the UK without any taxes. 4 years is︇ enough time to plan for the future or monitor for further progressive changes which are︈ highly likely.
Ok, so you use one UK Ltd and︉ then companies in Singapore and Hong Kong? Do you have more detail about this?
Most often in terms of e-commerce, it is a Dutch B.V that is used to transfer profits via marketing and advertising away from the UK LTD. However, there is no one size fits all. You'll need to talk to the big four to really establish a list of structures and weigh the benefits and drawbacks of each one. This would also exclusively apply to businesses doing at a very minimum £5M in yearly turn over that are digital.
Setup starts around 700 euro's. That is not too bad.
Annual accounts of companies and institutions must be audited by an accountant if they meet two of the three criteria for two consecutive years:
* Balance sheet value above €6 million
* Net turnover above €12 million
* On average more than fifty full-time employees.
If your company does not meet the criteria, your annual accounts may also be drawn up by an accountant.
Annual accounts of companies and institutions must be audited by an accountant if they meet two of the three criteria for two consecutive years:
* Balance sheet value above €6 million
* Net turnover above €12 million
* On average more than fifty full-time employees.
If your company does not meet the criteria, your annual accounts may also be drawn up by an accountant.
By an accountant or can I do it myself. I am very, very vary of any company where I cannot do it myself.
You can also do it in-house (yourself) if you do not meet the criteria.
The only thing to keep in mind is that its better to outsource it in NL to an accountant (for most companies that dont meet the above criteria, outsourcing accounting will cost in the 2500-3500 range annually) as you are then less likely to encounter a random tax authority audit.
The only thing to keep in mind is that its better to outsource it in NL to an accountant (for most companies that dont meet the above criteria, outsourcing accounting will cost in the 2500-3500 range annually) as you are then less likely to encounter a random tax authority audit.
If you're attempting to create a multinational structure yourself to avoid taxation, you're clearly not at a level of income or turn over to even consider it, continue paying taxes n your home country and grow your business, you'll likely end up costing yourself far more headache...
How come? I think we discussed the minimums here and I am well above it. As long as I can file myself, I have no issues. I have all the reports done in a couple of hours if there is no auditor involved (in which case I easily waste a week for just︀ one filing).
You would recommend a UK Ltd. and then a Dutch B.V. to transfer︁ for matketing and ads. And then get the money out in form of dividends?
You would recommend a UK Ltd. and then a Dutch B.V. to transfer︁ for matketing and ads. And then get the money out in form of dividends?
You're going to file the necessary accounting documents and other filings in the UK and NL? You're going to properly structure the contracts and agreements necessary between the companies involving the transfer of profits through administrative expenses at the proper intervals and per the accordance︀ of the contracts forged between the two entities to have proof of a bonafide structure?︁ Even if possible, seems like a poor use of time for someone running a multi-million︂ dollar business.
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