Help Needed: Best Country to Establish a Company

[GPT]

You're going to file the necessary accounting documents and other filings in the UK and NL? You're going to properly structure the contracts and agreements necessary between the companies involving the transfer of profits through administrative expenses at the proper intervals and per the accordance of the contracts forged between the two entities to have proof of a bonafide structure? Even if possible, seems like a poor use of time for someone running a multi-million dollar business.

Ive always done it like that. Occasionally I consulted with tax lawyers to get a confirmation on my line of thinking. I believe that its the best solution to be as involved as possible as you yourself know your company and its objectives best.

 

[LFGC]

Ive always done it like that. Occasionally I consulted with tax lawyers to get a confirmation on my line of thinking. I believe that its the best solution to be as involved as possible as you yourself know your company and its objectives best.

I understand your logic and it is indeed valid to some degree, but there becomes a point where a founder does not need to worry about taxation and accounting, delegating it frees up valuable time, mind share, and frankly overhead. But to each is there own. Hope you find a viable setup.

 

[GPT]

I understand your logic and it is indeed valid to some degree, but there becomes a point where a founder does not need to worry about taxation and accounting, delegating it frees up valuable time, mind share, and frankly overhead. But to each is there own. Hope you find a viable setup.

I am not looking for a viable setup I am out of those games and keep my situation very simple (and effective).

Taxation is something every founder should be involved in at all times. I cant remember how much we saved. It's your plan, you know how to execute. Only hire external help when its absolutely necessary. Not in the last to avoid your data ending up in the wrong hands. Corporate structures cant be protected by IP for instance.

Accounting, when compartmentalised per country, can be outsourced. I do agree on that wrt freeing up time. Group accounting etc should be done in house. Else its literally your advantage on the streets for your competition. Not directly, but indirectly. With that I mean that if you involve too many external parties and they see that you are on to something with how your setup works, they will copy and paste that to your competition.

Be careful about what you outsource for that matter.

 

[LFGC]

I am not looking for a viable setup I am out of those games and keep my situation very simple (and effective).

Taxation is something every founder should be involved in at all times. I cant remember how much we saved. It's your plan, you know how to execute. Only hire external help when its absolutely necessary. Not in the last to avoid your data ending up in the wrong hands. Corporate structures cant be protected by IP for instance.

Accounting, when compartmentalised per country, can be outsourced. I do agree on that wrt freeing up time. Group accounting etc should be done in house. Else its literally your advantage on the streets for your competition. Not directly, but indirectly. With that I mean that if you involve too many external parties and they see that you are on to something with how your setup works, they will copy and paste that to your competition.

Be careful about what you outsource for that matter.

I disagree with your entire post. You, I am absolutely sure, have never ever come up with some ground breaking setup that has not yet been thought of by the big four and their associated boots on the ground operations with access to law makers. Tax strategies are not unique. Taxation is the last thing a founder should be involved in. If you're some small affiliate marketing "company" I guess you can waste time messing around looking for a setup to avoid a bit of tax, but for anyone running a business with 10M EUR or USD per year it is the absolute last thing they should be doing. Hire a competent firm, pay their fee, the savings in time and taxes and most importantly the survivability and sustainability of such setup in the future will pay for itself.

 

[daniels27]

You're going to file the necessary accounting documents and other filings in the UK and NL? You're going to properly structure the contracts and agreements necessary between the companies involving the transfer of profits through administrative expenses at the proper intervals and per the accordance of the contracts forged between the two entities to have proof of a bonafide structure? Even if possible, seems like a poor use of time for someone running a multi-million dollar business.

Currently doing two other countries. Normally, I get better results when I operate than when lawyers are handling it. Last week, my accountant was telling me that he could only get a two weeks extension and there will be no further extension. It took me two phone calls to get a whole three months of extra time. I only used the "magic word" starting with F once and then conversation became very polite afterwards.

Ive always done it like that. Occasionally I consulted with tax lawyers to get a confirmation on my line of thinking. I believe that its the best solution to be as involved as possible as you yourself know your company and its objectives best.

I can only recommend that. Nobody else as you knows your company better. Nobody else as you benefit more from knowing all even better. I already mentioned it quite some times, any legal advice is basically useless if you are unable to give them the whole picture, which often is much harder than you think and which in many cases we have here is very, very far from the normal people's or companies life.

Stripe exceeded the tax threshold

I think there is a misunderstanding. If you write the pdf with custom advice, it is same as a phone call and no VAT. If you sell eBooks, they are subject to VAT as it basically is a digital product. From 2025 VAT rules are changing for digital goods. Do you think that starting from 2025 even...

www.offshorecorptalk.com

I disagree with your entire post. You, I am absolutely sure, have never ever come up with some ground breaking setup that has not yet been thought of by the big four and their associated boots on the ground operations with access to law makers. Tax strategies are not unique. Taxation is the last thing a founder should be involved in. If you're some small affiliate marketing "company" I guess you can waste time messing around looking for a setup to avoid a bit of tax, but for anyone running a business with 10M EUR or USD per year it is the absolute last thing they should be doing. Hire a competent firm, pay their fee, the savings in time and taxes and most importantly the survivability and sustainability of such setup in the future will pay for itself.

Ok, but you know what is the problem with those structure? That they only last about 3 to 5 more years as they have been telling everybody the same lines. It is like with McKinsey, big companies love them. You know why? Because they can hire them once and then, they know what their competitors have been advised. If they do the pure opposite, they will find themselves in very profitable niches within just months. Also, if you run a 10M company alone, you have way more ways to lower taxes than the SME company with 40 employees for this. This is why the big four won't be able to help. You probably find more ways to avoid taxes here on the forum than with the big four, whose recommendation is quite well-known.

 

[GPT]

I disagree with your entire post. You, I am absolutely sure, have never ever come up with some ground breaking setup that has not yet been thought of by the big four and their associated boots on the ground operations with access to law makers. Tax strategies are not unique. Taxation is the last thing a founder should be involved in. If you're some small affiliate marketing "company" I guess you can waste time messing around looking for a setup to avoid a bit of tax, but for anyone running a business with 10M EUR or USD per year it is the absolute last thing they should be doing. Hire a competent firm, pay their fee, the savings in time and taxes and most importantly the survivability and sustainability of such setup in the future will pay for itself.

You couldn’t be further from the truth.

Instead of throwing accusations and assumptions it’s always better to start asking questions.

By not doing that you disqualify yourself from the start.

Ok, but you know what is the problem with those structure? That they only last about 3 to 5 more years as they have been telling everybody the same lines. It is like with McKinsey, big companies love them. You know why? Because they can hire them once and then, they know what their competitors have been advised. If they do the pure opposite, they will find themselves in very profitable niches within just months. Also, if you run a 10M company alone, you have way more ways to lower taxes than the SME company with 40 employees for this. This is why the big four won't be able to help. You probably find more ways to avoid taxes here on the forum than with the big four, whose recommendation is quite well-known.

I agree

Any structure should be reviewed every 5 years anyways. Most structures do not live much more than 10 years if agressive planning is used.

The reason for this is that it on average takes between 5-10 years to change laws to combat aggressive planning.

That knowledge the mckinseys of this planet also use for their clients. Their biggest asset is that they have the ins on many structures. And then it’s copy paste with a little tweak or twist here and there.

Once you realize that, doing it yourself saves a lot of money and more so, headaches.

Also by staying away from what the competition does you steer away from potential issues that cost all your competitors.

 

[LFGC]

Ok, but you know what is the problem with those structure? That they only last about 3 to 5 more years as they have been telling everybody the same lines. It is like with McKinsey, big companies love them. You know why? Because they can hire them once and then, they know what their competitors have been advised. If they do the pure opposite, they will find themselves in very profitable niches within just months. Also, if you run a 10M company alone, you have way more ways to lower taxes than the SME company with 40 employees for this. This is why the big four won't be able to help. You probably find more ways to avoid taxes here on the forum than with the big four, whose recommendation is quite well-known.

I've had the same stucture going on 8 years now. There is zero chance it changes. Not sure what you mean about "telling everyone the same lines". You're confusing consulting firms with the big four accounting firms. I never once mentioned consultants, taxation has nothing to do with management consulting, and the other details of competitors and what they're advised on and how it affects profitable niches...

You'll most definitely not find anything remotely close on this forum, just stop, the setups and most of the people here are amateurs, not to mention, majority are asking for zero tax, cheaply, and easily which doesn't exist. The big four have a large boots on the ground operations globally, access to lawmakers, they even provide guidance to law makers, and are utilized by the world's wealthiest individuals and corporation.

Not taking anything away from offshore corp talk, but to say you'll find better advice here is absolutely asinine. There is no need to be triggered here, what I am stating is absolute fact, not an opinion or some sort philosophy.