Help For Tax optimization [ France ]

[HarryMen]

hi everyone!

I have a problem that I had to anticipate but unfortunately things decided otherwise!

I'm currently running a micro enterprise in France, and I have a 50% rebate on my charges which ends this month.

Without this abbatement, my margin won't be high enough to continue growing at the speed I'm aiming for!

I had consulted a chartered accountant in the middle of the year, who confirmed that I could open a limited company in one country (e.g. Gibraltar) and pay myself a salary in France.

I would then pay corporate tax in Gibraltar and income tax in France.

So my questions are, can I actually do this? Who can I turn to (because there are 1,000 different websites on the Internet promising an easy, quick,... )? And if all this is possible, how much could it cost me?

My business is mainly Rencontre affiliation and I'm just starting to promote moderates (OF). ( Last year's income ≃ 50k € and that was simply profit, I had no expenses., it's the first year and the beginning of the year was very good so for a bracket say I'd do between 30k and 70k annual.Next year I will have expenses ( between 1/2k monthly )

 

[Marzio]

I had consulted a chartered accountant in the middle of the year, who confirmed that I could open a limited company in one country (e.g. Gibraltar) and pay myself a salary in France.

I would then pay corporate tax in Gibraltar and income tax in France.

The funny thing is that there's plenty of buffoons that get paid to give dangerously wrong advices like this one.

If you manage an offshore company from France, it will become french tax resident and you'll have to pay French CIT.

Best tax optimization stategy for France is to leave France.

 

[HarryMen]

The funny thing is that there's plenty of buffoons that get paid to give dangerously wrong advices like this one.

If you manage an offshore company from France, it will become french tax resident and you'll have to pay French CIT.

Best tax optimization stategy for France is to leave France.

But what if the company has an anonymous ceo?

 

[JohnnyDoe]

The funny thing is that there's plenty of buffoons that get paid to give dangerously wrong advices like this one.

I wonder if they work for the state mafia.

If you manage an offshore company from France, it will become french tax resident and you'll have to pay French CIT.

Best tax optimization stategy for France is to leave France.

Nothing else to say.

 

[JohnnyDoe]

But what if the company has an anonymous ceo?

It worked in 1984.
Read this: https://www.offshorecorptalk.com/th...al-compliance-requirements.43814/#post-288350

 

[AlexPCS]

hi everyone!

I have a problem that I had to anticipate but unfortunately things decided otherwise!

I'm currently running a micro enterprise in France, and I have a 50% rebate on my charges which ends this month.

Without this abbatement, my margin won't be high enough to continue growing at the speed I'm aiming for!

I had consulted a chartered accountant in the middle of the year, who confirmed that I could open a limited company in one country (e.g. Gibraltar) and pay myself a salary in France.

I would then pay corporate tax in Gibraltar and income tax in France.

So my questions are, can I actually do this? Who can I turn to (because there are 1,000 different websites on the Internet promising an easy, quick,... )? And if all this is possible, how much could it cost me?

My business is mainly Rencontre affiliation and I'm just starting to promote moderates (OF). ( Last year's income ≃ 50k € and that was simply profit, I had no expenses., it's the first year and the beginning of the year was very good so for a bracket say I'd do between 30k and 70k annual.Next year I will have expenses ( between 1/2k monthly )

The key point is that in case the affiliated connection between you (in France) and the Gibraltar company (where you have planned to be the UBO I assume?) is disclosed - then french tax authority will not like it, to say the least of it =)

Then there is an employment mechanism: the Gibraltar company will need to have a designated body in France, which will be responsible for paying your mandatory social charges. Now as a micro-entrepreneur you are paying it directly to URSSAF yourself.

Nowadays it is better to earn less in France, socialism =)

 

[daniels27]

How about you ask your mother to open a new company with abatement and let her run it? You will eventually inherit the money if you ship her to Switzerland early enough while she still lives.

Otherwise, move elsewhere.

 

[HarryMen]

I was planning to go somewhere else but I can't anymore due to health problem so i'm just fucked I assume

 

[AlexPCS]

At least french healthcare is still decent.

If you are BNC it seems like you won't be able to subtract the costs to reduce the tax base?

With micro-entrepreneurship it's social charges that make it really heavy. You pay them from the total turnover regardless the expenses, which is crazy. And they are expected to be risen to a whooping 26% starting January 2025.

 

[SoNewToAllShit]

I was planning to go somewhere else but I can't anymore due to health problem so i'm just fucked I assume

How severe are your health problems? Can't you move to a better country, for example, Andorra, Monaco, or Malta?