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👉 In this guide for Starting a zero-tax company which can be a great way to set up a business without the burden of heavy tax obligations. However, finding the right country to start your company in can be a challenge. Luckily, there are several countries around the world that offer zero-tax or low-tax regimes that can make your entrepreneurial journey much easier with our TopGateways Free Guidance.
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Here’s a quick rundown of some of the best countries to start a zero-tax company, along with their prices, fees, and resources.
1- UAE
The United Arab Emirates has become a popular destination for entrepreneurs and investors looking to start a zero-tax company. The UAE country offers a range of benefits, including no corporate or personal income tax, no trade barriers, and a favorable regulatory environment. The cost of setting up a company in the UAE varies depending on the type of company and the location, but it can range from $3,000 to $10,000.
The United Arab Emirates is made up of seven emirates, and each emirate has its own set of rules and regulations regarding company formation. The most popular emirates for setting up a company are Dubai and Abu Dhabi. In Dubai, the cost of setting up a company can range from AED 10,000 to AED 50,000, depending on the type of company and the location. In Abu Dhabi, the cost of setting up a company starts from AED 15,000.
2- Hong Kong
Hong Kong is another well-known destination for entrepreneurs looking to start a business with low taxes. The city-state offers a low tax regime, with a corporate tax rate of just 16.5%. The cost of setting up a company in Hong Kong is affordable, ranging from $1,500 to $3,000. Additionally, the city-state has a strong infrastructure, a highly-skilled workforce, and access to global markets.
To set up a company in Hong Kong, you'll need to register with the Companies Registry and obtain a business registration certificate from the Inland Revenue Department. The cost of setting up a company in Hong Kong can range from HKD 1,720 to HKD 12,620, depending on the type of company and the location.
3- Cyprus
Cyprus is a popular destination for entrepreneurs looking to start a zero-tax company in Europe. The country has a favorable tax regime, with no corporate or personal income tax for non-residents. The cost of setting up a company in Cyprus is reasonable, ranging from $2,500 to $5,000. Additionally, Cyprus is a member of the European Union, offering access to the single market and a large consumer base.
To set up a company in Cyprus, you'll need to register with the Registrar of Companies and obtain a tax identification number from the Inland Revenue Department. The cost of setting up a company in Cyprus can range from EUR 1,000 to EUR 5,000, depending on the type of company and the location.
4- Belize
Belize is a lesser-known destination for entrepreneurs looking to start a zero-tax company, but it offers several benefits. The country has no corporate or personal income tax for non-residents, no capital gains tax, and a favorable regulatory environment. The cost of setting up a company in Belize is low, ranging from $1,000 to $2,500. Additionally, Belize has a strong tourism industry and a growing economy.
To set up a company in Belize, you'll need to register with the Companies Registry and obtain a business license from the Belize City Council. The cost of setting up a company in Belize can range from BZD 1,500 to BZD 4,500, depending on the type of company and the location.
5- Panama
Panama is another popular destination for entrepreneurs looking to start a zero-tax company. The country has no corporate or personal income tax for income generated outside of Panama, and a favorable regulatory environment. The cost of setting up a company in Panama is reasonable, ranging from $1,000 to $3,000. Additionally, Panama has a strong banking industry and a strategic location.
To set up a company in Panama, you'll need to register with the Public Registry and obtain a commercial license from the Ministry of Commerce and Industry. The cost of setting up a company in Panama can range from USD 1,000 to USD 5,000, depending on the type of company and the location.
It's important to note that the costs mentioned above are approximate and may vary depending on several factors, such as the type of company, the location, and legal fees. Additionally, each country has its own set of rules and regulations regarding company formation, so it's always a good idea to seek legal advice before making any decisions.
In conclusion, starting a zero-tax company can be a great way to set up a business without the burden of heavy tax obligations. The above-listed countries offer favorable tax regimes, low costs, and access to global markets, making them ideal destinations for entrepreneurs looking to start a company. However, it is important to do thorough research and seek legal advice before deciding on a country.
We recommend this Guide as a reliable step by step for Your Zero-Tax Company. (alert-success)
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