European Companies
The constitution of European societies is an alternative to traditional offshore companies, providing a solution of prestige and numerous tax planning opportunities.
The creation of European companies for tax planning purposes is a growing trend. International pressure and legislative changes that are happening in certain offshore jurisdictions have brought back the eyes of many entrepreneurs to the old Europe. The entry into the EU of new members with more advantageous tax system, competition among states to attract investment and increasingly powerful EU legislation ensuring competition and freedom of settlement of individuals and businesses have led to a favorable business climate, that opens up a world of new opportunities for business.
Taxation
European taxation is extremely varied. Depending on where you are domiciled company, corporation tax can vary from 10% in the case of Bulgaria and Cyprus, to almost 50% in Germany. Established, either physically or virtually in another EU country, can therefore be a very important tax savings. The existence of the "Directive on the taxation applicable to parent companies and subsidiaries of States", also guarantees a very favorable treatment of dividends received from another EU country. By European companies operate not only gives prestige and well accepted by banks, financial institutions or business partners, but also provides access to numerous treaties and double taxation agreements with third countries.
Features of the European Companies
- Prestige It is highly respected jurisdictions, members of the European Union or in some cases even in the OECD. This positive result is well accepted by the financial and business community.
- Discretion, European companies are not eligible under special regulations for non-residents, so there are no external differences between firms operating in the local market and those not. Therefore are very discrete and are not marked with the stigma offshore.
- Tax advantages. These are countries with low tax rates or offering favorable treatment of dividends and capital gains.
- Double taxation treaties. European countries have extensive networks of double taxation conventions. This makes Europe a prime site for the location of parent companies and holding companies.
- Advanced banking system. Europe has one of the most advanced banking systems in the world. And holding costs of the accounts and other current operations are very affordable.
- You can have a statute "generic" to make any commercial activity permitted by European law.
- Meetings of the shareholders and managers may be made in person or by power.
- You can dispose of shares of a Trust Limited (fiduciary management of shares or an offshore company)
- You can have one or more shareholders, individuals or legal entities.
- Capital can be given in any form and no deposit is required in advance. The liability of each shareholder is limited to the capital acquired by the company but not deposited.
