Quote:
Originally Posted by Struggle4Bucks
What`s so good about the UK? I thought taxes there are sky high just like any other
western european country?
From what i know taxes in Malta are only 4.8%...
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It has to do with costs and ease of setup.
Setting up a UK corp just takes a few days and is very cheap (you basically just buy an existing corp and change the name and ownership).
What most do is probably just 'invoice' the company for management fees, so their won't be actual profits in the UK.
Same for Cyprus, it's fairly easy and cheap to setup a company and bank account. You can do it all trough email and then you sign the docs and fedex them and you're setup.
And there are no minimum deposits/balances for the bank accounts and no minimum deposits/balances to setup a company. That's also a very big reason for Cyprus to be so popular. It's a lot more expensive and requires fairly high deposits in other countries. And also in other countries there is a thing with the VAT, like officially you'd have to pay VAT for all the EU customers.