Would you like to develop your international business while optimizing your tax situation? Setting up an offshore company in a low-tax country could be the ideal way to boost your profits. But with so many tax havens around the world, how do you choose the destination best suited to your needs? At AND Capital, a firm specializing in offshore company in AndorraWith this in mind, we present our selection of the 7 best countries to domicile your company in 2024.
What is an offshore company?
An offshore company is a business registered in a foreign country offering tax advantages, without you having to reside there. If thetax optimization is often the primary objective, these structures enable you to increase the profitability of certain projects while complying with current legislation. Far from the clichés of tax avoidance, a well-used offshore company is a relevant tool for developing your business.
How to choose the right country for your offshore company?
While there is no shortage of tax havens, some low-tax countries stand out for the quality of their economic and legal environment. To make the right choice, consider :
- Tax benefits: tax ratecorporate income taxwealth tax, capital gains and dividend taxation, operating costs...
- The country's political and economic stability
- The jurisdiction's international reputation
- The quality of the banking system: no exchange controls, accounts open to foreigners, online management, membership of the IBAN network...
- Tax treaties signed with other countries
- Tailored to your business and your specific needs
The choice of country is crucial if you are to benefit from operational and tax advantages while developing a coherent, profitable project. At AND Capital, we can help you make the right choice in strict compliance with the law.
- The AND Capital team
Our top 7 offshore destinations
Find out which countries our firm favors for offshore company start-ups in 2024:
- Andorra AND Capital is the ideal place to start your business: corporate income tax at 10%, low payroll taxes. AND Capital can help you with all your business development needs. setting up a company in Andorra.
- Bulgaria one of the lowest tax rates in the EU with 10% on income and corporate tax.
- Estonia 0% tax if no dividends paid, 20% otherwise.
- Cyprus IS at just 12.5%.
- Romania taxation ranging from 1 to 5% depending on sales.
- Hong Kong no taxes for companies, except banks and oil companies.
- United Arab Emirates 0% in corporate income tax, particularly in Dubai.
By choosing the right country in which to set up your offshore company, you'll be able to benefit from tax relief in full compliance with the law. Do not hesitate to contact our experts to define the best strategy for your situation. At AND Capital, we are at your side to optimize and secure the management of your business assets.
