Where to incorporate for EMI ?

[SantaM]

Hi everyone.

I would like to incorporate in Europe to get access to EMI that are only available there as I often need different cards for my business.

For my background, i'm a resident of a country that's not commited to the AEOI. My business is mainly online, and it got no physical presence anywhere. I also don't need to pay corp tax in my country as my business is considered as export of services which fall under 0% rate

I heard about UK Ltd and Portugal LLC. I was told that I will only need to pay 20% rate on profit generated from UK customers. Do you think this is a good solution please ?

 

[Juoffshore]

Hi Santa M,

It depends where are you tax resident.
You should also consider Malta with 5% CT and cyrpus 12%.

 

[SantaM]

Thanks for the reply.

Morocco.

I'd like to avoid shady countries. I also read that I can avoid all tax if I incorporate in Canada and have 0 income from Canadian clients, but I won't have access to most EMI

 

[countryfree]

Estonia could be appropriate for you.

 

[SantaM]

Estonia don't have access to Stripe unfortunately. It's really confusing. I can't find a solution to fully suit me. It's either a US LLC but I will have to deal with the IRS, or a UK Ltd with all the VAT issues when selling to other european countries ...

I read that a Gibraltar Ltd is exempt from VAT when selling to other EU countries, but it's a little bit too expensive for me ($2k to incorporate)