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Subject:
establishing EU firm
Category: Business and Money Asked by: nikenn-ga List Price: $20.00 |
Posted:
18 Apr 2004 03:28 PDT
Expires: 18 May 2004 03:28 PDT Question ID: 332050 |
Hello I am not eu citizen but I would like to register eu firm.In which eu countries it's the easiest and the cheapest to register firm.(something like Self-Employed, Limited Liability Company or whatever is simpler) Regards Nik |
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There is no answer at this time. |
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Subject:
Re: establishing EU firm
From: probonopublico-ga on 18 Apr 2004 04:43 PDT |
England & Wales! Registration of a Limited Company is easy and advisable but you will need a Director and a Secretary (who can't be the same person) and a Registered Office. Also Income Tax is very favourable and a Limited Company can make £10,000 profit before having to pay Income Tax. That said, Distributions by way of Dividend are subject to 10% Tax. This has to be the best bet and, moreover, everything's in ENGLISH which you obviously know. Go for it! |
Subject:
Re: establishing EU firm
From: politicalguru-ga on 18 Apr 2004 12:16 PDT |
Let me differ. Businesses registered outside England and Wales - in Jersey, Isle of Man, etc. - enjoy better tax arrangements. |
Subject:
Re: establishing EU firm
From: probonopublico-ga on 18 Apr 2004 12:56 PDT |
Aha, Politicalguru But have you considered the COST of setting up and running a company in any of the places you have suggested? The EASIEST and CHEAPEST were the two criteria required. And England & Wales are definitely THE TOPS! (Scotland is OK, too, except that they can't play football or cricket.) |
Subject:
Re: establishing EU firm
From: probonopublico-ga on 18 Apr 2004 13:03 PDT |
Here's yet another (possible) reason for going for England & Wales: In some places (e.g. France) it appears that having a domain name ain't that easy for non-residents. See # 332173. And, IN ANY EVENT, the Channel Islands are not in the EU! (I'm not sure about the Isle of Man.) |
Subject:
Re: establishing EU firm
From: probonopublico-ga on 18 Apr 2004 13:05 PDT |
British islands not forming part of the UK but partly affected by EU law: the Channel Islands and The Isle of Man. Although these islands are within the EU's customs territory, EU competition rules do not apply to them, except so far as is necessary to permit the United Kingdom, of which they are dependencies, to observe its obligations under the 1972 Treaty of Accession (see art 227.5(c), EEC). Manxmen and Channel Islanders do not benefit from the EU rules on the free movement of persons and services within the Union, but EU natural and legal persons enjoy 'equal treatment' under EU law. LA can be applied for by EU nationals. The Brussels Convention (see chapter 5 section I of this guide) does not apply. See article 227.5(c), EEC; 3rd protocol to the (UK) Treaty of Accession, 22 January 1972, articles 2 and 4; and the UK Jurisdiction & Judgments Act, 1982. There is internal self-government, with legislatures, courts and legal professions in these territories, quite distinct from those of the UK. |
Subject:
Re: establishing EU firm
From: politicalguru-ga on 18 Apr 2004 13:43 PDT |
PB - thanks for the information. |
Subject:
Re: establishing EU firm
From: nikenn-ga on 18 Apr 2004 18:58 PDT |
Thank you for your comments.Well...as people in Scotland can't play football or cricket, I will consider England.But what is about other EU countries. Regards nik |
Subject:
Re: establishing EU firm
From: probonopublico-ga on 18 Apr 2004 22:09 PDT |
Hi, Nik Sorry, I am not up-to-speed on the situations in other EU countries but I would guess that Germany is not amazing or else Politicalguru would have given it a plug. In my opinion, England & Wales will take A LOT of beating and, if language is a factor that should be considered, then maybe Ireland could also be explored. PB |
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