Hello everyone, I'm not going to present myself too much since it's not that interesting but you might want to know that I live in one of the worst countries to start a business: France.
High taxes, lots of fees and paperwork... To give you an idea when an employer pays 100 for the salary of an employee, the employee gets 30! It's in addition to taxes and fees that the company has to pay each year. The irony is that big companies manage to evade taxes, so only small business are impacted.
There is however the possibility to create an offshore business: No taxes, almost no paperwork, etc. It is legal as long as your business doesn't have any materialised activities in any country. So it suits well for most internet business. The problem is when you want to get the money, then you would still have to pay the 70 percents rate (in case of France). My plan is to start the business while I live in France and in case of success immigrate to a country like Ireland where taxes are low and get a salary.
An alternative would be creating a regular company in the UK or Ireland but you have to be a resident first, so I would have to find a temporary job there (not that easy).
There are plenty of offshore incorporation websites but I'm not really sure they are trustworthy. What are you thoughts?
High taxes, lots of fees and paperwork... To give you an idea when an employer pays 100 for the salary of an employee, the employee gets 30! It's in addition to taxes and fees that the company has to pay each year. The irony is that big companies manage to evade taxes, so only small business are impacted.
There is however the possibility to create an offshore business: No taxes, almost no paperwork, etc. It is legal as long as your business doesn't have any materialised activities in any country. So it suits well for most internet business. The problem is when you want to get the money, then you would still have to pay the 70 percents rate (in case of France). My plan is to start the business while I live in France and in case of success immigrate to a country like Ireland where taxes are low and get a salary.
An alternative would be creating a regular company in the UK or Ireland but you have to be a resident first, so I would have to find a temporary job there (not that easy).
There are plenty of offshore incorporation websites but I'm not really sure they are trustworthy. What are you thoughts?
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