Hi, I'm from EU, my business is mainly adult (all legal), but officially it is webdesign, photo/video editing etc. I have Seychelles company but it is getting risky with taxes now so I'm considering moving to Malta. It seems, their remittance system of taxation is ideal for online business. What do you think about residency in Malta and doing business through Seychelles company? Or maybe Maltese company + Seych.company structure? Any other opinions?
Residency in Malta + offshore company
- Thread starter 1nomad
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Just move to Malta and setup local Malta company with Estonia company as shareholder. You will be director and shareholder of both entities. You then pay effective tax rate of 5% in Malta. Estonia company is effectively tax free as it only pays tax on distribution of profits. Then pay yourself a small salary from Malta company and retain all profits in Estonia company tax free. You could also keep profits in Malta company but depends on your taste.
This is a safe total EU solution which offers certainty over messing around with Seychelles and risking problems down the line with EU. Warning do not︀ use tax haven country as shareholder of Malta company....just don't think about it.
This is a safe total EU solution which offers certainty over messing around with Seychelles and risking problems down the line with EU. Warning do not︀ use tax haven country as shareholder of Malta company....just don't think about it.
No, do not link tax haven companies to EU companies....bad idea long term.
Book keeping is cheap for Estonia companies. If you use a companies like www.leapin.eu you can get an all-in fixed price of 59 euros a month to take care of everything. See below:
Plans & Pricing | LeapIN
To withdraw money from an Estonian company simply pay yourself an employee salary to account outside Malta. Neither Malta or Estonia will tax this salary. You will have to pay a small board salary in addition on which you will be taxed in Estonia. See below link for explanation:
FAQ - Receiving funds |︀ LeapIN
Alternatively if zero tax is your thing than invoice the Estonia company for work︁ done from your Delaware company and take money out that way. Bottom line is you︂ want to pay a little bit of tax in Malta and a little bit in︃ Estonia as these countries have to earn something from this or its not worth them︄ offering these competitive advantages 🙂
Book keeping is cheap for Estonia companies. If you use a companies like www.leapin.eu you can get an all-in fixed price of 59 euros a month to take care of everything. See below:
Plans & Pricing | LeapIN
To withdraw money from an Estonian company simply pay yourself an employee salary to account outside Malta. Neither Malta or Estonia will tax this salary. You will have to pay a small board salary in addition on which you will be taxed in Estonia. See below link for explanation:
FAQ - Receiving funds |︀ LeapIN
Alternatively if zero tax is your thing than invoice the Estonia company for work︁ done from your Delaware company and take money out that way. Bottom line is you︂ want to pay a little bit of tax in Malta and a little bit in︃ Estonia as these countries have to earn something from this or its not worth them︄ offering these competitive advantages 🙂
You are correct it's not necessary. However if you are being paid from a EU country for your services be careful using a Seychelles company to receive the money. If you don't follow EU law changes closely then you can get caught out as legislation evolves to attack use of tax haven countries.
Being a resident and not domiciled is what you are if you do not have a Malta Passport and simply moved to Malta. Same way a person moving to UK without UK︀ passport can elect to be a resident non-domiciled so they make use of the Resident︁ non-domicile tax advantage. Hope this makes it clear.
Exactly. I listed in this forum somewhere all the EU countries that offer an RND program of some kind.
France
Italy
Ireland
UK
Netherlands
Portugal
Malta
etc etc
France
Italy
Ireland
UK
Netherlands
Portugal
Malta
etc etc
Yes off course I can support everything I claim on︀ this forum. France has a tax law (for those in the know) aimed at making︁ France a tax efficient financial centre for financial sector employees and employers . It substantially︂ reduces your taxes if you take up residency in France and eliminates some on assets︃ held outside France such as property. It is not the best RND program but it︄ is better than nothing.
The ‘inpatriates’ tax regime after the 2017 Finance Bill: an increasingly︅ attractive mechanism | Galahad
France - New “Inpatriates” Tax Incentives - Lexology
The ‘inpatriates’ tax regime after the 2017 Finance Bill: an increasingly︅ attractive mechanism | Galahad
France - New “Inpatriates” Tax Incentives - Lexology
- Exemption of certain︆ passive income from non-French sources: inpatriates benefit, under certain conditions, from a 50% exemption with︇ respect to capital gains on the sale of shares and other investment income. This is︈ subject to the condition that such passive income arises outside of France, and in a︉ country that has concluded a tax treaty with France including an administrative assistance clause.
Again what you posted previously about Italy is 100% WRONG!!!
Italy WILL NOT tax you on any foreign earnings if you move to Italy and pay 100k euro a year flat fee. You can even be an Italian living abroad for many years and move back to Italy and get this benefit. In fact you DO NOT even need to disclose any assets you hold outside Italy to the Italian authorities. The law like︀ the French tax law is designed to attract the wealthy including non-resident nationals back home︁ from tax exile.
Withers Law Firm
Italian non-dom regime: ready to go
Ernest & Young︂
Italy introduces special tax and immigration rules to attract foreign workers and investors
Again I︃ don't make any claim on this board I can't back up. Have a nice day︄ thu&¤#
Italy WILL NOT tax you on any foreign earnings if you move to Italy and pay 100k euro a year flat fee. You can even be an Italian living abroad for many years and move back to Italy and get this benefit. In fact you DO NOT even need to disclose any assets you hold outside Italy to the Italian authorities. The law like︀ the French tax law is designed to attract the wealthy including non-resident nationals back home︁ from tax exile.
Withers Law Firm
Italian non-dom regime: ready to go
Ernest & Young︂
Italy introduces special tax and immigration rules to attract foreign workers and investors
Again I︃ don't make any claim on this board I can't back up. Have a nice day︄ thu&¤#
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