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E-commerce of tangible goods in Europe

Asked in Offshore (General) for Madeira

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Hi, I am going to open a new business' exclusive online sales of electronic, I will imports it from Hong Kong.Since I am talking about tangible goods, once in Europe they should be sorted for sale in France, Spain, Italy, Germany, and later U.S., I would like know what 'the best corporate form to create for this type of e-commerce. Some have proposed Malta, Ireland or Andorra but the explanations are not too convincing. I would like to have the best solutions and I have a haste to start practice, the price is not 'important, I just want trade with these countries in an efficient manner and with low taxes. Thank you for your work. Sincerely
 
Tax Business Ireland Malta Commerce E-commerce France Germany Hong Kong Italy Spain Trade Andorra Europe
 
Posted by Lowtax user on May 10, 2010 at 09:10
 

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Where are you based yourself would be one very important question. Whilst Malta offers indeed a number of great advantages over any other destination, you still have to consider one very important factor in an online business: Logistics. Fact of the matter is that any Island or remote reachable country handicaps your logistics in terms of costs and time, unless your business is so big that the main Logistic players open a special distribution line for you. In which case it would not matter where your locations is. For a normal size startup, you handycap yourself by storing your goods on an Island. I you check turnaround times and costs from Ireland and Malta you will understand what I mean. You furthermore face the problem that your customers have to be able to return goods as well. If you ignore the freight issues, Malta is great because you can get cheap storage, inexpensive labor, a lot of help from the local enterprise board and of course a very low tax base (down to 5% after refund). From the customer service perspective you would be able to service all languages from here, since Malta is an Igaming Hub and all nationalities are readily avaiable at much lower costs compared to Ireland. It is always very hard to give recommendations without knowing more of the business, but one very intelligent way to deal with things could be to use a logistic service provider that is specialiced in the provision of services for electronic goods. In this case all goods would be stored in a local warehouse on the mainland Europe. The service company ships as ordered on your behalf, but also takes care of the RMA process for you. Yes, it costs some money, but its very efficient. You achieve quick turnarounds and delivery times, whilst still maintaining yourself with your order- and customer service in a low tax country like Malta. We would be able to give detailed proposal if we have more information on your business. We don't charge for initial informations :) email: info(at)eu-hub.com www.eu-hub.com Eu-Hub Malta Limited
 
Posted by Lowtax User on May 10, 2010 at 13:12
 

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Dear Sir Cyprus maybe your best option since it is a member of EU with the lower corporation tax on profits 10%. There is no dividend tax for non Cyprus residents and no capital gains tax on the sale of the shares of the company if you subsiquently decide to sell the business and the company . The banking system enjoys stability and it is one of the most modern in the world with internet facilities and the banking secrecy is strictly regulated by Law. For further information write to me to panicos@komodromos.com .
 
Posted by Lowtax User on May 10, 2010 at 20:02
 

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Dear Sir, according to what you have explained, the best option for your company could be Uruguay.
If you are planning to trade between countries, you could use an Uruguaian Limited Company, which is taxed at 0,75% of diference between your purchase and sale price.
You could also choose an Uruguayan free trade zone company which is a little more expensive (but yet cheaper than any european one) but it is not taxed at all.
For more information about our companies, please contact us at utaxplanner@gmail.com
I would also like to invite yo to visit our web site www.zonamerica.com
Best regards,
P.R
 
Posted by Lowtax User on Feb 03, 2012 at 17:22
 

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Hello, You are going to be involved in e-commerce in Europe. Indeed you are going to sell your products in France , spain etc. (the threshold is important to be known).
I strongly advise you to set up your company in Europe (very good juridiction, very low corporate tax that we can even mitigate, VAT number (very relevant!).
Feel free to contact contact@cobus.net
 
Posted by Lowtax User on Mar 15, 2012 at 11:09
 

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