Start company in US and Now start in EU....WTF is going on ? - GoFuckYourself.com

jeroman · 06-13-2003, 05:03 AM

Can someone please fill me in with this new issue regarding
EU, taxes and VISa and whatever it is making US people wanna start companies in EU ??

Thanks, Jeroman

the real magoo · 06-13-2003, 05:25 AM

Quote:

Originally posted by jeroman
and whatever it is making US people wanna start companies in EU ??

Thanks, Jeroman

500 million potential customers?

Reak · 06-13-2003, 05:27 AM

Quote:

Originally posted by the real magoo

500 million potential customers?

Dubbel that

KRL · 06-13-2003, 05:28 AM

Just have a company registered in every country of the world and you'll be in compliance somewhere.

evilpurple · 06-13-2003, 05:41 AM

Quote:

Originally posted by jeroman
Can someone please fill me in with this new issue regarding
EU, taxes and VISa and whatever it is making US people wanna start companies in EU ??

Thanks, Jeroman

The EU will start requiring companies that sell over a certain amount to EU citizens to collect VAT from their EU customers at the rate of the country the person is in.

The advantage you get by setting up a EU company in that case is that sales within the EU is charged at the rate of the country of the company making the sale, which makes impact of the VAT lower if you incorporate in a low VAT country.

And if you for some reason have expenses in the EU that you are charged VAT on, being incorporated in a EU country and moving the billing of your EU customers there will allow you to reclaim some or all of that VAT. This could be the case if you currently employ someone in the EU that have business expenses there for products that aren't taken out of the EU and hence won't be VAT exempt even though they've been bought by a non EU company.

Additionally, it may help you do some tax planning. Some EU countries (including the UK) have company structures that are very tax efficient for some uses, particularly if you don't conduct business in or with the country in question, allowing you to get some of the benefits off traditional offshore tax havens while being incorporated in a more well reputed location.

I'm not a financial adviser, though, so if you are thinking about setting up a company, get some professional advice first.

Reak · 06-13-2003, 05:42 AM

Quote:

Originally posted by evilpurple

The EU will start requiring companies that sell over a certain amount to EU citizens to collect VAT from their EU customers at the rate of the country the person is in.

The advantage you get by setting up a EU company in that case is that sales within the EU is charged at the rate of the country of the company making the sale, which makes impact of the VAT lower if you incorporate in a low VAT country.

And if you for some reason have expenses in the EU that you are charged VAT on, being incorporated in a EU country and moving the billing of your EU customers there will allow you to reclaim some or all of that VAT. This could be the case if you currently employ someone in the EU that have business expenses there for products that aren't taken out of the EU and hence won't be VAT exempt even though they've been bought by a non EU company.

Additionally, it may help you do some tax planning. Some EU countries (including the UK) have company structures that are very tax efficient for some uses, particularly if you don't conduct business in or with the country in question, allowing you to get some of the benefits off traditional offshore tax havens while being incorporated in a more well reputed location.

I'm not a financial adviser, though, so if you are thinking about setting up a company, get some professional advice first.

put real links in your sig i aint copy into my exploder

jeroman · 06-16-2003, 12:31 PM

Hm....

So if I, who live in sweden, sell a toy to an american and
if america would have the same rules, I'm supposed to take
some VAT from this customer and then send it to the IRS.

LOL

Thats what you mean right ?

directfiesta · 06-16-2003, 01:21 PM

Quote:

Originally posted by KRL
Just have a company registered in every country of the world and you'll be in compliance somewhere.

You know, maybe it is not so much of a joke the way things are going....

06-13-2003, 05:03 AM	#1
jeroman So Fucking Banned Join Date: Oct 2002 Location: Norway or UK or...damn, where am I Posts: 356	Start company in US and Now start in EU....WTF is going on ? Can someone please fill me in with this new issue regarding EU, taxes and VISa and whatever it is making US people wanna start companies in EU ?? Thanks, Jeroman

06-13-2003, 05:28 AM	#4
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Just have a company registered in every country of the world and you'll be in compliance somewhere. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

06-16-2003, 12:31 PM	#7
jeroman So Fucking Banned Join Date: Oct 2002 Location: Norway or UK or...damn, where am I Posts: 356	Hm.... So if I, who live in sweden, sell a toy to an american and if america would have the same rules, I'm supposed to take some VAT from this customer and then send it to the IRS. LOL Thats what you mean right ?