Offshore holding with EU LLC

[flynt]

Hello

Now my existing company in the Netherlands is expanding and I for sure aren’t planning to stay forever in the Netherlands or even in the EU for that matter, I am thinking setting up a offshore holding.

The nature of my business is adult/P**N/dating/ nothing more nothing less. Ofcourse a 100% legit.

At the moment there is a revenue around 70.000 Euro last year and this year will be around 140.000. In a year or two it can be around half of million.

Now I don't like to pay much taxes especially when I'm leaving this country and since I want to expand worldwide going offshore seems the way to do it.

I'm working together with a mayor payment provider who needs to do business with a company based in the EU.

What I like to do is to open a LLC in a EU country, this can be in the Netherlands but also in Portugal since I might be planning on living there the next three years because of the weather.

And open a holding in Cyprus or Malta or somewhere else?

This holding is the owner of the LLC in a EU country, at least if this is possible?

A LLC in for example in the Netherlands or Portugal can open a bankaccount even when it's for adult, and when they might decline I still can open a N26 or other online bank account to get paid by the payment provider based in the Netherlands. Also when in the future I need to work with for example CCBill I need a LLC based in the EU or somewhere else.

Questions are;
Setting up a offshore holding which is the owner of a EU based LLC
When expanding to the United States opening a LLC there too of which the owner still can be the same offshore holding
Opening a bankaccount in the country where the holding is registered, although the holding is only the owner of the LLC which is the one doing business in the adult industry, the holding itself is not doing nothing in the adult industry but is just receiving payments from this LLC

I don't need the complete anonymity, somewhat would be nice but more important is that only I am the owner and no one can steal the company from me or my son when he's taking it over. Also I need a good accountant who knows stuff about this and no vague contracts.

What's the best structure and who is the best person/company to set this up?

If I need to become a silver or gold member to get in contact then this is no problem. But I don't have the need or even the time to talk a year about these things. I need advice and a good reliable company to set this up.


Best regards,

 

[Sols]

Decide where you are going to move and plan around that. Different solutions for different residences.

Keep in mind that adult entertainment and classic offshore rarely go well together, as many tax havens have different cultural values than EU/Netherlands and have a much more prudish stance on what your business does. This can affect things like opening bank accounts, both for the company/companies and for yourself personally if your income is from something that's illegal or culturally frowned upon.

You're using the term LLC, when there's nothing quite exactly like a US-style LLC anywhere in Europe. What is it about LLCs you are after? Or do you mean whatever the most popular business entity is in the relevant jurisdiction?

 

[flynt]

Decide where you are going to move and plan around that. Different solutions for different residences.

Keep in mind that adult entertainment and classic offshore rarely go well together, as many tax havens have different cultural values than EU/Netherlands and have a much more prudish stance on what your business does. This can affect things like opening bank accounts, both for the company/companies and for yourself personally if your income is from something that's illegal or culturally frowned upon.

You're using the term LLC, when there's nothing quite exactly like a US-style LLC anywhere in Europe. What is it about LLCs you are after? Or do you mean whatever the most popular business entity is in the relevant jurisdiction?

Probably Portugal for the next three to five years thereafter Brazil since I already have property there and are very adapted in that country.

Yeah I know that adult entertainment is frowned upon in many country's and cultures but I cant change the nature of my business, it is what it is although strictly legal.

With the term LLC I mean a limited liability company like a BV in the Netherlands, LTD in England or a GMBH in Germany and so on. In short yes whatever the most popular business entity is in the relevant jurisdiction.

Maybe a LLC in Portugal is the best solution when I move there and is a holding in Cyprus not at all necessary although I like the tax vantages and the fact I can expand more easily worldwide what is definitely my intention.

Starting a LLC in the EU and later on a holding in Cyprus, Malta or even Belize that owns the LLC is much more difficult I guess?

 

[EliasIT]

Why don't you look for a company in Curacao as holding? You would keep your current BV in the Netherlands but just move money from there to the Holding. I believe it would be easy to camouflage where the Holding company is getting the money from. At least there are tons of ways describe in the the mentor group gold.

 

[Gediminas]

Hello

Now my existing company in the Netherlands is expanding and I for sure aren’t planning to stay forever in the Netherlands or even in the EU for that matter, I am thinking setting up a offshore holding.

The nature of my business is adult/P**N/dating/ nothing more nothing less. Ofcourse a 100% legit.

At the moment there is a revenue around 70.000 Euro last year and this year will be around 140.000. In a year or two it can be around half of million.

Now I don't like to pay much taxes especially when I'm leaving this country and since I want to expand worldwide going offshore seems the way to do it.

I'm working together with a mayor payment provider who needs to do business with a company based in the EU.

What I like to do is to open a LLC in a EU country, this can be in the Netherlands but also in Portugal since I might be planning on living there the next three years because of the weather.

And open a holding in Cyprus or Malta or somewhere else?

This holding is the owner of the LLC in a EU country, at least if this is possible?

A LLC in for example in the Netherlands or Portugal can open a bankaccount even when it's for adult, and when they might decline I still can open a N26 or other online bank account to get paid by the payment provider based in the Netherlands. Also when in the future I need to work with for example CCBill I need a LLC based in the EU or somewhere else.

Questions are;
Setting up a offshore holding which is the owner of a EU based LLC
When expanding to the United States opening a LLC there too of which the owner still can be the same offshore holding
Opening a bankaccount in the country where the holding is registered, although the holding is only the owner of the LLC which is the one doing business in the adult industry, the holding itself is not doing nothing in the adult industry but is just receiving payments from this LLC

I don't need the complete anonymity, somewhat would be nice but more important is that only I am the owner and no one can steal the company from me or my son when he's taking it over. Also I need a good accountant who knows stuff about this and no vague contracts.

What's the best structure and who is the best person/company to set this up?

If I need to become a silver or gold member to get in contact then this is no problem. But I don't have the need or even the time to talk a year about these things. I need advice and a good reliable company to set this up.


Best regards,

Hey,

In order to decide on the country for (i) holding, and the country and legal form for the (ii) operational company you need to know:

• Where you are planning to reside for tax purposes;
• Where exactly banks accounts will be open;
• Confidentiality matters in an operational company.

Knowing this information corporate/legal advisor might prepare you tailored made structure proposal.

 

[Mr Gus]

There are no LLCs in the Netherlands nor anything like it, same goes for the EU as far as I know.

All the profits you make in the Netherlands are subject to Dutch corporate tax regardless of where you incorporate your company, same goes for Portugal.

Since you are looking to move to Portugal you make use of NHR and setup in Malta however that would involve creating substance there and you can't work from Portugal for that company.

Risky option is moving to Portugal with NHR, setting up a US LLC and just run it from Portugal.

Why don't you look for a company in Curacao as holding? You would keep your current BV in the Netherlands but just move money from there to the Holding. I believe it would be easy to camouflage where the Holding company is getting the money from. At least there are tons of ways describe in the the mentor group gold.

What's the benefit of a Curacao holding?

 

[EliasIT]

Knowing this information corporate/legal advisor might prepare you tailored made structure proposal.

That's what I would go for in your situation! You may listen to this guy he knows what he is doing.

 

[Wayugo]

The Holding company could be anywhere in the EU as it would be tax free anyway if the subsidiary would be in the NL. I don't think you are actually looking for this. Why are you even in need of an EU company for the payment processing, aren't they working together with real offshore locations anyway? Like the other poster said, look at Curacao, but instead using it as a Holding, use it as front.

 

[flynt]

Thanks everyone for the answers.

As I understand it's mostly important first to know where I'm gonna reside eventually.

To be honest Portugal is just temporary, I want to back to Brazil eventually so I think the right move is to skip Portugal already and move back to Brazil end of this year or next year.

That be said, I need to continue run my business in the EU since it's established there.

My payment provider only does business with EU based business.

That's why I came up with the construction, running a EU business in the form of a BV, GMBH or simular which is owned by a Cyprus or Belize holding.

Living in Brazil having a personal bankaccount or even maybe a Brazilian company like a LTDA which is also owned by the Cyprus or belize company so I can transfer money from the holding to it.

Maybe the holding is not the owner of the Brazilian LTDA but lends money to the LTDA in Brazil, or to me in person?

 

[JimBeam]

My payment provider only does business with EU based business.

I think that Cyprus is your best bet.
I don't recommend Cyprus too often but I would just move there, setup company, rent a nice flat and take it from there.
There are many adult companies already there so that's a good sign.

Keep things simple, form just one company (no multi-country or multiple company setups) and enjoy the weather there.