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Is it not possible to open a company in Tortola for example which has lower TAX rate? It is also a TAX haven I believe?
My apologies, I would like to have a business in Europe but interested in registering a company elsewhere. I would be interested in registering the business in a TAX free country. I have been told Tortola is a good place to start. If I did register in Tortola would there be any complications for me if I were to out source my staff in France, Italy or England.
Thank you in advance
I'm happy to wait thank you. How long until I get a reply?
Thank you for your answer @Thegonnec, I cannot guarantee that I will source my personnel from France, my personnel are located all over the world, I have built a large database of staff through years in the industry, meaning I am asked to provide a person for a particular position which could be placed in the UK, EU country, Caribbean. How would I be TAXED? From which country? Perculiar question I believe.
Thank you in advanc
This will vary from one country to the other. If placed in a EU country, including the UK, all taxes, VAT, and social contributions would have to be paid in that country.
The problem I will be facing is that once the client has paid my fee for out sourcing my worker, I do not know who I am going to pay my TAX and VAT too? The employer will have to pay the TAXES and insurance for my out sourced staff member. I need to know who I will be paying for my fee received from the client? Can I have a company in Tortola for example and pay my TAXES and VAT there?
You would be requested to appoint a local tax representative which would guarantee local taxes and contributions are paid before any payment is transferred to a so-called tax-haven. Could you explain this a little clearer for me please :)