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Copyright © 2013 - 2017. Tai Pan Management Services Ltd.,  Reg. No 1942748 Registered in Hong Kong. At 65-67 Bonham Strand East, Hong Kong

TAIPAN MANAGEMENT SERVICES LIMITED TAX PLANNING, RESIDENCY & ADVISORY SERVICES
COMPANY FORMATION SERVICES

Hong Kong


Sometimes referred to as the last bastion of laissez-faire capitalism, Hong Kong has long believed in low corporate (and personal) taxation. Companies are easy and fast to form and are not subject to petty restrictions. The maximum tax rate is 16.5% BUT this can be reduced to Zero where all parties to a transaction are outside Hong Kong. This is known as territorial taxation.  














Singapore


Almost corruption free, Singapore consistently ranks at or near the top of the World Bank’s ‘Ease of Doing Business’ index. Company incorporation is online and therefore very fast. The maximum tax rate is 17%, but this is the maximum. In the first three years of existence  resident companies are entitled to a Zero rate of tax on the first S$ 100,000 of profit. All companies are entitled to various exemptions on the first S$ 300,000 of profit bringing the effective rate of tax down to 8.5%.












Cyprus


Although the reputation of Cyprus was adversely affected in 2013 by its Euro ‘bail out’ it has since substantially recovered. In any event the crises primarily affected the banking sector and had no effect whatsoever on its corporate sector. Cyprus resident companies are subject to corporation tax at a flat rate of 12.5%. It should however be noted that salaries and consultancy fees paid to non-residents of Cyprus are not subject to any kind of withholding tax and therefore represent a convenient way to reduce taxable profit.


Another option is the Cyprus non-resident company, which, as the name suggests is managed and controlled from outside Cyprus. This variant cannot register for VAT either in Cyprus or in the EU. However, it can be entirely tax free.


Please contact us for further information.









Ireland


Like Cyprus, Ireland also had to be bailed out due to an implosion of its banking sector from 2010, but has since largely recovered. Throughout the period the Irish government were insistent on maintaining Ireland’s attractiveness by having a low corporate tax rate of 12.5% (the same since 2003). Ireland has long sought inward investment and has considered a low corporate tax rate as a major part of that strategy.


Another attractive element of the Irish ‘package’ is that companies are free of audit if their turnover is less than €8.8m and the balance sheet (assets) is less than €4.4m.


Contact us for more information







We did not only consider low tax rates, but also ease of doing business, language, and a number of other factors. After thorough evaluation we have selected just four jurisdictions which each have obvious and easily put-into-place advantages. These are:

OUR SELECTION OF LOW TAX JURISDICTIONS

Read more about Hong Kong company formation


COMMON FEATURES OF

LOW TAX JURISDICTIONS ARE:




OUR BLOG

Hong Kong company formationRead more about Singapore company formation