Tax structure for SaaS

[eltoro18]

I live in Georgia (the country). I’m registered as an individual entrepreneur with small business‌ status, so I pay 1% on my turnover.
My main issue is selling SaaS outside‍ Georgia with international credit cards.

So my requirements are:

• Stripe
  
• Low incorporation cost (< 1000$)⁠
  
• Low tax for non resident
  
• Planning to sell in US, EU, UK.
  

I saw I⁤ could open an UK LLC Pretty easy and cheap in 1st formations.
Is this a⁣ good option?
Or should I go for US LLC? Cyprus? HK?

 

[CyprusBusiness]

Cyprus would serve well for your kind of activities. There is also an IP Box‌ Regime in place were effective tax rate is 2.5%. Stripe works well with Cyprus company.‍ However, to obtain the full tax benefits you should explore whether you can relocate and⁠ obtain tax residency status in the Country as well.

Just note that your choice of⁤ jurisdiction would not be relevant if the management and control would be seen to be⁣ performed from Georgia. In this case Georgia would impose income tax as it would deem⁢ the foreign company as a permanent establishment operating in Georgia. There is of course ways︀ to avoid this my enhancing substance requirements, appointing local directors, arranging for Board meetings/agreements to︁ be executed locally.

Please let me know if I can PM you if you need︂ more details.

 

[eltoro18]

Thanks for your answer.
Are you sure that︃ Cyprus catalogs under the "Low incorporation cost" item? Because if I remember correctly, the cost︄ I saw was about 3k.
Many thanks!

 

[CyprusBusiness]

This is not entirely correct. Can I PM you about⁠ this?

 

[learner]

Hi, I would like to get a pm about cost also. Thanks