Offshore or onshore company what is best to avoid too much tax?

[cyprusbanker]

Wondering what would be best in my situation to incorporate onshore or offshore company?


Here is a very brief information about the situation.


I live in an EU country, have a stable turnkey ecommerce business online and want to avoid to pay more tax than necessary but don't want to do anything illegal like tax evasion or other things that bring trouble with the tax authorities.

 

[EliasIT]

Best is to incorporate a company in Cyprus while they maintain the lowest tax in the entire European Union they also offer very flexible choices in regards to tax planning! Also you don't need to pay tax of dividend paid to a Cyprus holding company which in certain corporate structures can be a great earner.

 

[averagejoe]

Cyprus is onshore or low tax jurisdiction so as EliasIT alredy suggested Cyprus is the best choice if the business takes place in Europe. Also the reclaim of VAT if you buy from a European wholesale can be a great advantage.

 

[JohnLocke]

If doing lots of business buy/sell in Europe a Cyprus company is the perfect way to look at, if you are not buy lot's of goods or services within or from the EU you but only sell to the EU then a offshore company will be the best for you because of TAX and VAT advantages.

 

[new-to-offshore]

Is Cyprus company recognized offshore?

 

[newuser]

Interest me also! Will a offshore company be able to do business in Europe?