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Best place for a new holding company

Asked in Accounting for Ireland

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accounting costs
minimum capital
dividend paid from a spanish company to a holding
holding taks
 
Accounting
 
Posted by Simmons on Dec 28, 2014 at 08:33
 

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Hi Simmons,

Cypriot LTD company is a good option. There was a DTT which came into force quite recently between Cyprus and Spain, so the structures between the two countries are now more tax effective.

Replying to your questions:
1. Accounting (+ audit as is will be obligatory) cost starts from 1000 euros in total
2. There is no requirement for minimum capital, although the recommended authorized share capital is 1000 or more euros. This however does not have to be paid as there is no requirement for minimum paid-up share capital. So, in effect you will not have to pay anything.
3. Dividend paid from Spanish company to Cypriot holding: no tax in Cyprus. 0-5% WHT tax in Spain as per the DTT (depending on the conditions). Dividend paid from Cyprus: no tax in Cyprus.
4. Holding tasks - Cyprus is one of the most popular holding jurisdiction, so it can be used in various ways depending on your needs.

All above assumes that the company will be resident of Cyprus for tax purposes and that the shareholder will be non-resident.

Fiduciary services in Cyprus are very well-priced comparing to other related holding jurisdictions (like Malta, Singapore, etc) and the country itself is in the EU which might give you some benefits.

If you have more questions or need help with incorporation & maintenance of the company in Cyprus(or anywhere else), please contact us at info@ibccs.com.cy

Best Regards,
Cezary Zieniuk

 
Posted by Cezary-Zieniuk(www.ibccs.tax) on Jan 02, 2015 at 12:32
 

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hi Simmons,

Mauritius will suit your needs. You can easily incorporate a holding company in Mauritius and benefit from a tax rate ranging from 0% to 3%. You can also open a bank account without being present physically here. Contact me on david.ombrasine@glenaraservices.com and we will be able to help you.

Regards,

David
 
Posted by David_glenara on Jan 27, 2015 at 10:02
 

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hi Simmons,

Mauritius will suit your needs. You can easily incorporate a holding company in Mauritius and benefit from a tax rate ranging from 0% to 3%. You can also open a bank account without being present physically here. Contact me on david.ombrasine@glenaraservices.com and we will be able to help you.

Regards,

David
 
Posted by David_glenara on Jan 27, 2015 at 10:04
 

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Posted by jlena on Oct 23, 2015 at 10:46
 

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