Each entrepreneur, having decided to start a business, will seek favorable conditions for his enterprise. A taxation is an important aspect, that you should pay special attention to. To register a company in a country with low taxes, you need to study carefully the main and secondary aspects of taxation in the chosen jurisdiction.
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The Republic of Malta is considered the largest center of international business. Choosing it as a low tax jurisdiction to register a Maltese company, you should know, that the standard corporate tax rate is 35% here.
But it is important to note, that entrepreneurs, who decide to open a company in Malta, have an opportunity to reduce this tax by 5% - 6%. A VAT is 18%. And a dividend tax is 0%.
This country is a member of the EU and can be a good option for those, who wish to open a company in a state with low corporate taxes. There is a territorial tax system.
When deciding to establish an enterprise in Hungary, keep in mind that:
The Republic of Macedonia is another jurisdiction, that can be taken into account for those, who wish to start a business in a low tax state. Here, a standard corporate tax rate is 10%. It is also worth noting, that companies, that do not engage in gaming or banking, with incomes of 50,000 to 100,00 EUR per year, will be subject to a minimum tax rate of 1%.
Before choosing Switzerland as a low tax jurisdiction to register a company, it is important to understand its tax system. You need to know, that a corporate tax is levied at the federal, cantonal and municipal levels.
When deciding to register a company in Switzerland, pay attention to the following information:
Hong Kong is the administrative region of the PRC. It can also be taken into account by entrepreneurs, who have plans to open a company in a jurisdiction with a low tax system. When registering a Hong Kong company, you need to know, that there is no tax on profits, earned outside of Hong Kong. A corporate tax is 16,5% on activities, carried out in this jurisdiction, and the dividend tax is 0%.
When opening a business in Singapore, please note, that the current corporate tax rate is 17%. It applies to all company revenues, that were received in Singapore itself or transferred here from outside the jurisdiction.
It should be noted, that when registering a Singapore company, you have the opportunity to partially exempt from taxes:
It is a country, that holds high positions in world rankings in terms of ease of doing business and ease of a company registration. Ireland is another option for those, who want to register a company in a low-tax state. When registering an Irish company, you need to be aware, that a corporate tax rate is 12,5% here. If your profit is passive, then it will be taxed at 25%.
Bulgaria is a state, that is one of the founders of the Organization of the Black Sea Economic Commonwealth, as well as a member of the EU. Investors, planning to set up an enterprise in Bulgaria need to know, that a corporate income will be taxed at 10%. An alternative tax of 15% will be levied on gambling establishments and telecommunication service providers. A VAT is 20%.
Businessmen, who are inclined to register a company in a country with a low tax system, can turn their attention to Montenegro. Here a corporate tax rate is 9%. Non-resident companies will be taxed on profits, earned in Montenegro, and resident companies will be taxed on profits, earned worldwide.
Cyprus is among the low tax jurisdictions. A state corporate tax is 12,5%.
Doing business in Cyprus, you need to know that:
IQD Consulting specialists provide services for selecting low-tax jurisdictions for a company registration. In order to receive more detailed information, it is necessary to order personal advice on registering a company in countries with a low tax system. Taking into account all the details and nuances of your business, we are ready to guarantee you an individual approach and quick feedback.
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