4 Countries with Lowest Corporate Tax - Best Countries for Business (2024)

These are the 4 best countries for business this year, partly because they’re also the countries with lowest corporate tax rates. This aims to help your search for the best country for business and focuses on low tax countries in Europe. Some are low corporate tax countries while others are countries with no corporate tax at all such as with Isle of Man corporate tax. Either way, these are some of the low tax European countries you should consider as you look through the best countries to start a company in this year. Others looking at how to pay less tax or how to avoid corporate tax should also consider these low tax countries. #lowtaxcountries #bestcountryforbusiness
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We cover 4 low tax rate countries with some of the lowest income tax in Europe. This list might help you find the best country to register a company in this year. From corporate tax free countries to countries with low tax, these low tax jurisdictions should provide valuable insight if you’re looking at how to avoid tax legally or for the countries with lowest tax for your next incorporation.
Timestamps:
00:00 - Intro
00:44 - Baseline (US/UK)
03:17 - 4th place
05:57 - 3rd place
09:04 - 2nd place
11:40 - 1st place
14:08 - Summary
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[@uboyjarvis]

I feel the need to comment on this video. I truly want to thank you from the bottom of my heart, i have tried to do understand what would be the best country to move my business to and you explained everything in a beautifully simple way. thank you. PLEASE do more of these.

[@bukhtiarawan6896]

Valuable comparison. Thanks for your efforts.

[@tamacmcmillan3518]

Excellent work mate. I've subscribed.

[@77Phoenix77]

Detailed and well presented. Thank you!

[@scolder846]

Thank you for this directly answered video brother

[@Maurice181]

Good info. Thanks!

[@stephanweiskorn6760]

Excellent video 😊!

[@ScottJLetourneau]

Great video, Dan! The biggest challenge for non-residents selling into the U.S. with a U.S. LLC is determining if you are engaged in a U.S. trade or business and have U.S. sourced effectively connected income, which is only determined by analysis. The challenge is that you will get different opinions on this subject depending on which U.S. tax attorney or CPA does your returns. Non-resident entities should evaluate whether a U.S. protective return should be filed or U.S. tax must be paid by going through the same evaluation process.

[@tundethemac]

Excellent video

[@MariasJournal__]

Hello from Cyprus from a big fan of your channel! Most big companies are registered in Limassol (southwest coast) or Nicosia (the capital) but a few are also based in Larnaka, my hometown. Cyprus is also considered a safe place with a very good living standard, and a good place to raise a family, so foreigners do enjoy life here :) p.s. population of cats is estimated at approximately 2 million, so roughly double the population of humans 😃

[@elijahnyiro9354]

Hello @MariasJournal I would like to connect with you

[@tsp7517]

Safe place? Financially too? Because the 2013 crisis took a lot of money to bank depositors... Government just went too far.

[@BozenaLink-yb4vq]

Our investors can fund your new project

[@scott3745]

I believe it is not recommended to live in the same country your company is located in. This video is for company incorperation only.

[@ignoreme1141]

@@scott3745why isn’t it??

[@MizMundoAdventures]

Omg with I'd seen this video earlier ❤ Thank you 🙏

[@StartupBoss]

Excellent video, Dan! I really enjoyed your presentation and style. You took a complex topic and broke it down really well. Great info! Sub +1

[@ChaChingKing4]

Isle of Man has 20% VAT for everything you sell!!!!

[@Wolf.of_Forex28]

Very valuable video 😁

[@Crypto_Chris01]

Interesting video, I currently have my business locate din the UAE and just deciding whether to keep it there and relocate, the idea of the IOM is very appealing, so thank you. I am now investigating this.

[@cfdProptrader]

9% is the way

[@TanjaHummel-db2zi]

Thank you so much for this video. It helped me with my decision and I decided for Estonia. Just one question: Can you recommend any service provider for Estonia? Comistar does only offer consultation but not the service of opening and maintaining the company. Thanks you so much!!

[@marchri32]

Greetings from Cyprus Dan!!!

[@DanRodgers]

Hey marchi! Are there really a lot of stray cats?

[@marchri32]

@@DanRodgers to be honest i had to search for this in the internet and i was amazed too by the numbers!! I know we do have many stray cats but you dont get to see that many in the streets like the pictures on the internet shows. I mean you dont walk down town and you see cats everywhere!! You will make me count from now on how many cats i see in the streets!! As for the low taxes, yes, that is definetely true and we have so many offshore companies here now. Some have only their companies just registered here or they have offices too. Especially in a town called Limassol. At first it was just Russians but now its from all over the world. We are talking big money and not always legal ofcourse. If you ever need any info or help from here let me know.

[@mildes6392]

@@marchri32 so lets say if I live in Poland but setup a company in Cyprus, would that cause any problem in Poland? A shell company for example with an offshore bank account

[@aaaa25642]

Establishment of Estonian company is much cheaper. E residency 120 euro, company registration 265-290 euro. Online bank account from zero to 50 euro. But also you need to include to your budget annual fees to the service provider which will cover accounting etc. it's from 700 euro per year.

[@ahmedraafat7557]

Brilliant summary & comparison ! how about Dubai ? can you add it please ?

[@sadaansayeed1050]

@Dan Rodgers it would be great if we could have a video like this geared toward Amazon FBA sellers

[@sadaansayeed1050]

@DanRodgers_ everyone beware of this Dan Rodgers impersonator

[@hugoandme]

Hey Dan! What was the second payment company you mentioned for Estonia? One was Wise and second I couldn't recognise, was it Wallex or something else?

[@jfarras]

For the vast majority of people living in western world countries establishing a company outside of their country of residency is not an option if they don't plan to build actual real substance there. CFC rules, management and control rules and permanent establishment rules exist in the majority of developed countries and each year that passes more dificultes appears for tax optimisation... I know the field well as I help people on building international structures and relocating abroad and I moved myself from Spain to Cyprus and I think is important to say that those rules exists and people should analyze carefully their personal tax situation as normally for real tax benefits you have to move yourself

[@procrustes7669]

Exactly you have to move and live to the countries you want to benefit from their tax system.

[@DanRodgers]

Thanks for adding this @jfarras ! That's awesome, hope Cyrpus is treating you well. Georgia and Isle of Man also potentials for those open to physically moving. I have added links to specialists in each as there's certainly more to it than I could cover here.

[@jfarras]

​@@DanRodgers yes! very happy here in Cyprus :) For EU citizens Cyprus is the relocation that I'm recommending the most

[@mildes6392]

@@jfarras so lets say if I live in Poland but setup a company in Cyprus, would that cause any control of management rules? A shell company for example with an offshore bank account

[@jfarras]

@@mildes6392 if you are the one directing the company yes, and not only that, permanent establishment and cfc rules will kick in too if you are the only person in the company. I have videos about that in my channel if you are interested

[@IZY_TECH]

Nice content

[@KhalilAhmad-gs3nd]

@Dan Rodgers! Do you provide paid Amazon FBA Wholesale training?

[@salianishaikh8369]

Hello dear sir when i create shipment plan getting warring messages Box volume does not meet the expected minimum cubic inch 7,904.00? should i ignore this message. My shipment 4,832.1 cubic inch 3 box same dimensions.

[@teyteyeveryday]

Hi! wondering why you did not include the Cayman Islands? We have no corporate or distribution tax for offshore companies...

[@wagmi614]

can you make more of these vids, 0% tax jurisdictions

[@alexwinter5874]

Latvia taxes quite the same as estonia = 0 % CIT which is NOT distrubeted on kept in the company.

[@bluebooa]

any thoughts about Cayman? 0% corporate tax for offshore companies...

[@cfdProptrader]

I never expected from you this much info after watching NOMAD Capitalist videos , Thanks bro

[@sanathangita]

please do more videos on this

[@CH-yp5by]

Cyprus also has the IP box tax exemption so if you have an IT, SAAS or software company you can reduce the company tax rate form 12.5% down to 2.5%, its also non dom status,

[@davidmacgown321]

You mentioned for Isle of Man that you would pay UK corporate taxes if you reside in the UK but what if you reside in Ireland since Ireland is not part of the UK?

[@DanRodgers]

I put Isle of Man in 1st place but which would you choose and why? Details or countries I missed? Please comment below 👇

[@Sconzee]

Why not use the Cayman Islands?

[@TheLastEmperorXiXinPig]

As an IT-consultant I have to consider more factors than just base tax rates. Cyprus, Isle of Main etc may have good tax rates, but how is to hire people there, is it easy to find skilled personal, how is it to live there, how are their English skills? For my sector I have been looking at Bulgaria and Romania, with low flat taxes, interesting cities and what seems to be skilled workers with good English skills. It would be interesting to know more about them though.

[@cedarmanagement2343]

I believe your staff can reside outside of IOM.

[@psiga]

Spectacularly useful video, Dan. Thank you SO VERY MUCH for presenting the all-in costs, and very lucid explanations of the breakdowns. I'll subscribe for a bit, and see what else there is to learn from you. ^‿^

[@zeek2024]

How about a complete video how to sell in the UK? How to register a company, how to pay the Vat tax etc..

[@zeek2024]

Include tutorials

[@zeek2024]

Include tutorials

[@yifengwan]

How bout Jersey?

[@perro0076]

What about Andorra and Gibraltar?

[@MrElaroussi]

Take care, if the goal for forming the company is Amazon FBA, the required "utility bill" may be a problem. From my own experience, as an Estonian e-residency holder (and company owner), Amazon doesn't recognize the "legal contact address", and one is forced to actually rent a physical shared space to get the required utility bill.

[@marchri32]

In my case that i am a Cyprus resident it was enough for them, the legal contact address and bank account. They never asked for a utility bill. I just got a pin number in my physical address and provided it back to them. But i do know situations that they asked for a utility bill.

[@MrElaroussi]

Lucky You! Thnx a lot for the comment & info.

[@ScottJLetourneau]

This is what we experience with our clients when the Amazon account is set up properly, a utility bill is not required. The challenge is most seller make a simple mistake that requires extra verification@@marchri32

[@live--now]

what if u are a sole prop llc ????

[@scott3745]

(2:55) link to video is missing.

[@reveurerrant3323]

What about Spain?

[@daneshskater101]

Bro can i pay you for a consultation.. Its a dam dog eat dog world and everyones trying to rail me for a good formation plan. You know your stuff

[@NicolaAmadio]

UAE??

[@omarsouki104]

How about the golf countries I guess it is 100% tax free right?

[@hossamhassan5720]

That’s true

[@petertu7359]

GCC countries have corporate tax rates ranging from 9% to 20%. There are some exceptions based on applicable tax treaties. For example, a Saudi citizen pays half the normal 15% corporate tax rate in Kuwait. In other words, if you are from Saudi Arabia, you only pay 7.5% tax on corporate profits in Kuwait. Unfortunately, there is no tax treaty between Kuwait and the US, and US citizens must pay the full 15%.

[@icimatch9128]

Need creative ways to defer.

[@MatthieuPiquemal]

I'm a bit confused about the fees. How are you supposed to pay fees to start your business if you need a business to make money in the first place?

[@humbus-capital]

You first get a job and get some savings :)

[@MatthieuPiquemal]

@@humbus-capital So you have to slave away first? It's weird

[@humbus-capital]

@@MatthieuPiquemalOr you can just find a person who donate the money to you. Or investors. Or crowdfunding. Or mental control over your minions.

[@cfdProptrader]

Try Dubai, you will be surprised the cost up front of everything.

[@abeonthehill166]

Ireland is still a good place to set up a Firm ( 12.5% Corporate Tax ) and Hungary is ( 9% Corporate Tax ) . I hear that computer Business in Romania has 0% Tax and i hear that Belarus has 0% Business Tax and capital Gains Tax on Crypto ! If you are trading on a Computer you need to shop around to see where the Taxation is low !

[@mostafaabdelnaser9497]

Hi Dan, Do you have FBA course ? I want to buy your course if you have

[@gazala141]

And here i am as a belgium citizen paying 51% taxes on everything

[@tygrys7622]

omg... what about singapore? hongkong? much better options then this crap you mentioned

[@petertu7359]

Singapore has a 17% corporate tax rate. Withholding tax of 15% for interest paid to US residents. 22% tax rate on certain other payments to non-residents of Singapore.

[@petertu7359]

HK has a 16.5% corporate tax rate. No withholding tax on dividends but there is withholding tax on other payments such as interest or royalties, depending on jurisdiction of the taxpayer and the applicable tax treaty.

[@tygrys7622]

@@petertu7359 Hong Kong has 2 levels of CIT, the first one to obtain income up to HKK 2 million pay 8% Above this limit, we pay 16.5% CIT, but there are also many other tax optimization possibilities that are more beneficial for the company. you can include more things in costs, reducing the amount of corporate income tax. If you share any information, do it honestly, and if you don't have any knowledge about something, don't bring it up.