Online website business - help on which country to move to for lowest tax and vat rate?
Online website business - help on which country to move to for lowest tax and vat rate?
I currently live in England and I own a lot of Glamour / Adult websites and the tax and VAT rates are to high in England to survive.
Does anyone know of any countries that have super low tax rates for businesses or even better for online/e-commerce businesses?
I can not find anyone who knows about this so any help would be greatly appreciated
Thanks for reading
Regards James
Answers:
Chosen Answer
Brian F: I have only looked at it from an America vs. other countries perspective, but I know from here, if you can locate your business in the Cayman Islands, or even to the Middle east like the UAE, Qatar, Oman, or Kuwait, you will be better off. You may need to buy a timeshare to have your address located there. The complexity that I am sadly unsure of is the legal structure of doing business within England. If you do business offshore, you will need to re-patriotize your money somehow if you want to say.. own a flat or buy a car in England, or you must leave it in offshore accounts. This might be fairly costly for you. Because of the complexity, it would be worth your time to pay a couple hundred pounds for an attorney with experience in offshore business ventures.
2008-02-22 11:01:10
Brian F: I have only looked at it from an America vs. other countries perspective, but I know from here, if you can locate your business in the Cayman Islands, or even to the Middle east like the UAE, Qatar, Oman, or Kuwait, you will be better off. You may need to buy a timeshare to have your address located there. The complexity that I am sadly unsure of is the legal structure of doing business within England. If you do business offshore, you will need to re-patriotize your money somehow if you want to say.. own a flat or buy a car in England, or you must leave it in offshore accounts. This might be fairly costly for you. Because of the complexity, it would be worth your time to pay a couple hundred pounds for an attorney with experience in offshore business ventures.
2008-02-22 11:01:10