Do you want a company with no taxes or bureaucracy?
You can fulfil the dream every entrepreneur has, all in another country. Tax Free Today can show you where and how to make it come true.
The following descriptions are highly simplified. Tax Free Today recommends booking a personal consultation or at least using our data verification service before you decide to establish your new company.
Note: there are generally two figures, the first being company costs during the year of establishment, and the second those over the following years.
Limited companies (inside the European Union)
Advantages
Good reputation and recognition; compatible with Paypal and Stripe; access to affordable SEPA bank accounts; often low-cost.
Disadvantages
For businesses with lower income; VAT withheld; accounting costs; potential for audits; regulation; public register; no anonymity; requires initial investment of capital.
United Kingdom
The original – 10% tax after Brexit
250€ / 150€
Estonia
Deferred taxation and e-residence
Flat fee of 40€ to 80€ with LeapIN
Bulgaria
The lowest administration costs in Europe
600€ / 400€
Lithuania
5% tax up to €200k turnover
400€ / 200€
Netherlands
Attractive options for holdings
500€
Slovakia
19% tax in total (varies according to tax residence)
600€ / 400€
Ireland
Popular for legal tax avoidance
6.000€ / 4.000€
Cyprus
Tax-free for traders and investors
6.000€ / 4.000€
Malta
Only 5% corporate tax
6.000€ / 4.000€
Suitable for:
- companies with B2B services
- Amazon FBA, imports and exports
- digital products on the EU market
- holding structures
- trade and services for EU residents with permanent subsidiaries
Limited companies (outside the European Union)
Advantages
Tax-free in part; good reputation and recognition; beneficial regulation; access to good business accounts; compatible with Paypal.
Disadvantages
Accounting; potential for audits; high costs; limited anonymity.
Montenegro
Affordable start-up from anywhere in the world, 9% tax
22€ / 200€
Georgia
Deferred taxation at 15%
900€ / 500€
Israel
Tax-free in Israel
3.500€ / 2.000€
Hong-Kong
Tax-free in East Asia
1.800€ / 3.000€
Labuan (Malaysia)
Fixed tax rate of 3% or 6,000€ a year
1.500€ / 2.000€
Singapure
Tax-free and excellent reputation
5.000€ / 3.000€
United States
Affordable, anonymous, and discreet companies with 15% tax
1.100€ / 500€
United Arab Emirates (free trade zone)
Tax-free with residence visa
13.000€ / 8.000€
Isle of Man
No requirement to withhold VAT, but includes European tax identification number
2.500€ / 2.000€
Suitable for:
- consulting businesses
- online businesses
- companies with B2B services, sales outside the EU
- imports and exports
- investment and trading
- administration from countries with high tax burdens, dependent on double taxation agreement
Free trade and special zones
Advantages
Low taxes; good reputation and recognition; beneficial regulation; access to good business accounts; compatible with Paypal.
Disadvantages
Accounting and audits; high costs; requires large initial investment and recruitment of local employees; no anonymity.
Canary Islands (ZEC)
4% tax and all the advantages of an EU company, but no European tax identification number
2.500€ / 1.000€
Madeira
5% tax, includes European tax identification number
2.500€ / 1.000€
Curaçao
2% tax in the e-zone
2.500€ / 1.000€
Suitable for:
- companies with B2B services
- Amazon FBA, imports and exports
- digital products for the EU market
- holding structures
- trade and services for EU residents with permanent subsidiaries
Limited partnerships (LPs) in Europe
Advantages
Tax exemption on foreign income; no minimum capital investment required; good reputation and recognition; compatible with Paypal; access to good business accounts.
Disadvantages
Requirement to withhold VAT; accounting and audits; regulation; high costs; no anonymity.
United Kingdom (LLP)
Tax exemption on income from outside the UK
300€ / 100€
Netherlands (CV)
Tax exemption on income from outside the Netherlands
5.180€ / 3.220€
Denmark (K/S)
Tax exemption on income from outside Denmark
5.240€ / 2.780€
Suitable for:
- companies with B2B services
- Amazon FBA, imports and exports
- digital products for the EU market
- international trade and services
Limited liability companies (LLCs)
Advantages
Tax exemption on foreign income; no accounting when tax-free; no requirement to withhold VAT; good reputation and recognition; registered under the company name; no minimum initial investment; compatible with Paypal.
Disadvantages
Limited access to bank accounts; limited anonymity; potential for high costs.
Wyoming (US)
Affordable start-up through the internet (without bank account)
150€ / 100€
Delaware (US)
LLC with bank accoun
1.500€ / 550€
Canada
Tax exemption on income from outside Canada
2.700€ / 1.620€
Suitable for:
- services for individuals
- freelancers
- online businesses anywhere in the world
- consulting businesses
International business companies (offshore companies)
Advantages
Tax-free; no accounting; no regulation; no public register; no initial minimum investments; high anonymity.
Disadvantages
Bad reputation and limited recognition of invoices; few options for bank accounts; no access to Paypal.
Nevis
The best option for protecting your capital
900€
Marshall Islands
For discreet companies abroad
1.500€ / 1.300€
Saint Vincent
Bearer shares and optional 1% tax
1.400€ / 1.200€
Brunei
A little-known, discreet option
1.500€ / 1.000€
Ajman (UAE)
The most affordable option in the UAE
2.000€ / 1.500€
Ras al-Khaimah (UAE)
Prestige and banking in Dubai
2.600€ / 2.000€
Panama
Confidentiality and stability
1.500€ / 550€
Costa Rica
Unlicensed gambling
1.780€ / 1.050€
Bahamas
The Caribbean option with a good reputation
2.100€ / 1.050€
Suitable for:
- online businesses
- holding structures
- passive income
- investment and trading
IMPORTANT: the company start-up service is carried out through licensed partner agencies. Tax Free Today only acts as a middleman and is not responsible for the establishment of your company. It therefore carries no type of guarantee on our part.