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Any tips for a 2 person European company. One founder based in Amsterdam, the other in London. We are close to setting things up, some input from other founders would be great
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I am in the US currently, would be managing initially from the US. I understand there will be US tax complications, but I can/would deal with those.
This is a terrible idea. please hire a professional with direct experience on these matters and not blog posts from influencers
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I am in the US currently, would be managing initially from the US. I understand there will be US tax complications, but I can/would deal with those.
I saw this a lot when I ran BD for the program (I'm also an American) and its good you know there will be US tax complications but I would say that unless you expect to 1) have many EU customers and 2) working remotely globally and redomicile elsewhere so you are not considered US tax resident that it probably doesn't make more sense than using something like Stripe Atlas to just set up an LLC or C-Corp
UK, USA and Singapore are the popular choices for this. UK is simple and cheaper, Singapore is a bit more expensive. I don’t see a reason to go USA route unless you are seeking investment from there. I’m using UK myself. It takes a few forms and half a day to get a working Wise/Stripe account.
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Probably a UK limited liability partnership would be an option . But you have to investigate how the Dutch will treat it . You could apply for a advance tax ruling with the Dutch tax authorities before doing anything
Why LLP over Ltd?
Later on when you scale, you can convert the LLP into an LTD.
Also you might avoid exit taxes as it is an partnership , if you move between countries.
Also there is basically no information in the post besides 2 founders in different countries.
Please beware: From: https://learn.e-resident.gov.ee/hc/en-gb/articles/3600007215... > Corporate tax residency > However, some countries have different rules for deciding if a company is tax resident. It is common that, in addition to the place of incorporation, the place of effective management can trigger tax residence. If you run your company from a country with regulations like this, then the company may end up h…
Hence the executives/boardmembers-all-fly-to-some-island (Jersey is the one in my mind), have board meeting in the airport, sign the papers, and all fly home? Company stays "in" Jersey, none of the humans need to live there?
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Finally somebody who knows their stuff. I never understood why people preferred Estonian incorporation given that it's almost certainly more expensive and less convenient than the other options.
I think the main reason is to have a business incorporated within the EU if that's relevant for the person. Delaware is great, and UK filled this role until Brexit but after that if you needed an EU incorporated company it was a massive pain basically everywhere except Estonia which was relatively cheap and everyone in the industry speaks English
Useless + overhyped . Company will end up as tax resident from the country where it is managed & controlled . If there is an DTA the tie breaker rule applies and the country from where it is managed & controlled gets the right to tax . Also you get to enjoy bureaucracy+ dual accounting in both countries . If there is no DTA it can lead to double taxation . And if you don't have a fixed place of management/business+ t…
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I am in the US currently, would be managing initially from the US. I understand there will be US tax complications, but I can/would deal with those.
The worst thing you could do as an us citizen (I assume ) and resident is to incorporate outside of the US.
Where are you located? Where will you administer the company from? That impacts your tax situation quite a lot. See https://www.e-resident.gov.ee/understanding-cross-border-tax... , look for “Permanent Establishment”
I am in the US currently, would be managing initially from the US. I understand there will be US tax complications, but I can/would deal with those.