Tax Planning & tax advice in France, Europe, USA, Asia & the Emirates

Company incorporation and tax planning go hand in hand. Indeed, for many people, the main reason for opening a company abroad is to reduce the amount of tax they pay. If you live in a high-tax country but you open a company where there's low or zero tax you may be able to attribute profits to that country - and therefore pay less tax.

In your own country you may be able to deal with your tax yourself but when opening a business abroad we strongly advise the appointment of a professional tax advisor. Opening a new business in another country can be extremely profitable but you don’t want to see those profits disappear because of bad tax management. International tax planning is complex and the stakes are frequently high which is why successful tax planning and good tax advice is one of the fundamental services that our international tax advisors and consultants can offers to our clients.

At Euro Start Entreprises we have extensive and in depth knowledge of the international tax regimes of each country and our advisors are experts on a number of key areas including:

  • Local tax regulations
  • International tax advice and best practice
  • Strategies for mitigating tax liability
  • Double taxation – and how to avoid it
  • The dangers of transfer pricing

Tax issues are frequently intricate and every business has its own unique circumstances, therefore the services that we provide are not "off the shelf" rather they are tailored to your exact business and taxation requirements. For this reason, in certain instances we may also recommend the services of one of our specialist tax planning partners. In these cases we are happy to deal with our partners on your behalf, or should you wish, just make the introduction.

For more information on international tax advice or tax planning in France, Europe and beyond, please contact us on 0033 (0)1 53 57 49 10 or email us from our contact page and we’ll be happy to help.

English speaking chartered accountants in France & Europe

Whether you have a new company abroad, want to declare your VAT, need to sort out your company’s payroll or want to do a balance sheet, here at Euro Start Entreprises we can put you in touch with our extensive range of English speaking chartered accountants who are able to handle the your company's accounting in France, Europe and beyond.

Our chartered accountants are full members of the Institute of Chartered Accountants, and are there to assist you and advise you, doing everything necessary to make sure your company is always up to date in terms of its tax and financial reports. They can also help you with VAT returns and employee payrolls.

A Chartered Accountant has an advisory role and will enable you to profit successfully from opening your business abroad. They are regulated professionals who are legally obliged to keep you up to date with all the tax laws and are held legally responsible for the good standing of your accounts. Without the expert help of a chartered accountant you will be taking a huge risk in trying to navigate the tax and accounting laws of an unfamiliar country - that’s why our first and most important piece of advice in starting a business in a foreign country is always to hire a qualified accountant.

The services a chartered accountant is qualified to offer are:

  • Bookkeeping
  • International Tax Advice
  • Balance Sheets
  • Statements and e-filing
  • Payroll (paychecks, social security declarations etc)
  • Financial Advice
  • VAT returns

For more information on how payroll services are carried out in France, please click here for our page on French payroll services.

Euro Start Entreprises does not personally carry out any accountancy work, nor files declarations, but merely introduces clients to the accountants. The work is done by Chartered Accountants who are members of the Institute of Chartered Accountants.

For more information on our English speaking chartered accountants in France & Europe including VAT and payroll, please contact us on 0033 (0)1 53 57 49 10 or email us from our contact page and we’ll be happy to help.

How to open a business bank account in France, Europe, America & Asia

One of the first and most crucial tasks you’ll need to undertake during the company formation process will be to open a bank account in your country of choice.

It sounds easy, it should be easy - but frequently it isn’t for a lone entrepreneur with no experience of a country’s banking system. In fact, sometimes it can feel like certain banks go out of their way to make it difficult for foreign business people.

For example, a number of banks require applicants to visit the premises in order to open their bank account, while other banks insist that you provide them with a letter of introduction, duly translated and certified from your bank at home. This is fine if you are fluent in the local language and have a good understanding of what’s required, but cumbersome and expensive if you aren’t and don’t! There are also a number of banks that won’t even talk to you unless your annual turnover is in excess of €1 million. This isn’t much help if you want to get the company formation process started as quickly and cost-efficiently as possible.

This is where a company formation agent comes in and sorts out all these problems for you. Here at Euro Start Entreprises, we can provide easy company formation with bank accounts in the UK & Europe, the US and Emirates due to our expert knowledge and contacts within the banking industry. At Euro Start Entreprises our aim is to make the whole process as quick and painless as possible. You can also be assured of personal service from our staff every step of the way.

Through our knowledge of local banking regulations and our relationships with major banking groups, we help our clients to cut through the red tape and progress as quickly as possible. Where banks require you to visit in person, we will have a local representative on hand to assist you through this sometimes daunting process and we can negotiate a low minimum turnover threshold.

We can even give you advice with your business plan (which most banks insist on now) so that you feel confident in knowing your financial structure is in place and the bank will be see no obstacle in opening your account. Leave the paperwork to us and let us set up the system where you can manage your bank account over the internet or telephone.

To find out more about how Euro Start Entreprises can help you solve your bank account issues just contact us on 0033 (0)1 53 57 49 10 or email us from our contact page. We can talk you through the whole process, and set your mind at ease regarding your banking requirements.

Euro Start Entreprises is able to provide a wide range of business services. They include Bank Accounts – for entrepreneurs who need to open a bank account in another country; Serviced and Virtual Offices – for companies needing a base for their business or for regulation requirements; Registered Addresses – needed by all foreign businesses by law; Trademark Registration and IP (Intellectual Property protection) – for companies wanting to protect their products, brands or services; Company Name Checks – essential for distinguishing a new business; Visas – for employees or employers looking to work in new territories; and finally Business Insurance – to safeguard and protect a company.

Browse our Business Services menu to find out how Euro Start Entreprises can help you, or contact us on 0033 (0)1 53 57 49 10 or email us from our contact page and we’ll be happy to discuss your needs.

How to start a business in America - company formation USA, remote bank accounts & EIN numbers

The USA has always been lauded as the country of big business. Despite the rise in the ranks of countries such as India, China and the United Arab Emirates, America is still the country to conquer for many global entrepreneurs.

The USA is one of the world’s largest national economies, leading the way in many sectors including technology and medicine. The go-getting attitude amongst entrepreneurs and the hugely encouraging atmosphere within the business community means the USA is a hub for small and big companies alike.

But opening a business in the US for non-residents can sometimes be a tricky affair where issues such as EIN numbers, visas and bank accounts can put a stop to the big “American dream”. And how do you decide which state offers the most benefits for you and your company? Luckily, with our extensive network of US experts, Euro Start Entreprises is able to offer a full company incorporation service in every state in the US for non-US residents with tailor-made packages that include legal & accountancy consulting, serviced offices and immigration.

Company Registration USA – New Companies & Ready-Made Companies

Company registration in America can be confusing, especially as it differs from state to state. Our team of legal experts can register your company adhering to all the relevant state laws to avoid delays and unnecessary expenses - essential if you need to launch your company immediately. Not only can we set up a company from scratch, we can also purchase and register shelf companies and ready-made companies, providing company registration in the USA to many different types of businesses in different industries and markets.

What are the best states to open a business in?

Some states such as Delaware and California are particularly attractive for foreign businesses:

Delaware

For those of you who want to get your business off to a quick start with the least stress possible, Delaware is the state. It only takes one week to incorporate your business and you do not even have to go and visit the state. Delaware is one of the most popular states for company incorporation. Here are just some of the reasons why:

  • NO corporate income tax provided you do not trade in Delaware. You can effectively incorporate your business in Delaware, operate in another state or country, and pay no corporate income tax.
  • NO sales tax if you are not operating within the state.
  • You must pay an annual franchise tax – this is often only $75 flat fee, or $250 for an LLC incorporation.
  • Tax benefits do not stop there - shares of stock are not subject to Delaware state taxes if the owner resides outside of the state. One individual may act as the company president, secretary, treasurer, and sole director.
  • Numerous types of business can be operated under a single corporate structure
  • It is not obligatory to hold frequent shareholder meetings – instead these can be held in written forms of communication
  • Non-shareholders are permitted to join the board of directors
  • You can keep corporate records in any state, does not have to be Delaware
  • No personal property tax

California

California offers unparalleled value to companies seeking the optimal business location.  Its critical mass of business services, intellectual capital, financial acumen, transportation systems and market access make California the most efficient place to do business in the world.  The long-term outlook for California’s economy and business climate is as sunny as the legendary climate. Here are some of the requirements for opening a business in California:

  • Minimum share capital $1
  • An increase in the shares may cause an increase in the initial filing fee.
  • At least one director is required.
  • Residency for directors is not required.
  • Directors are not required to be listed in the articles of incorporation.
  • The name must contain corporation, incorporation or an abbreviation.
  • The name must not be similar to any other incorporation.
  • Local taxes with an EIN Number.

What about opening a bank account in the US?

After the tragedy of September 11, opening a bank account in the US became much harder. The authorities now insist on more forms to fill in and more items of identification.

The first thing you need in order to open a bank account in the US is obtain an EIN number which stands for an Employer Identification Number – the equivalent of a tax office ID.

However, if you are a non-US resident, this can be difficult to come by. And be warned – don’t be sucked in by illegal websites that promise you a cheap deal on opening an account without an EIN. You might find you’ll end up travelling all the way to the States to open a bank account and be turned away at the door. Our reputable contacts can help you obtain EIN numbers and sort out visas for you.

What other services are offered?

As a non-US resident you may need to have a physical office in the respective state. We can make this a stress-free process for you by satisfying your budget and requirements in sourcing the best suitable office and location for you. Our serviced offices come fully equipped with all the technology and staff you require allowing you to focus on building your business.

Should you prefer to manage your company from a distance, we can offer a virtual office service for this exact need. Our virtual offices include phone, email and mail forwarding facilities from a prestigious trading address, allowing you to manage your company from anywhere in the world.

For more information about company incorporation in the USA, along with any other issues including remote bank accounts, EIN numbers and visas, please contact us on 0033 (0)1 53 57 49 10 or email us from our contact page and we’ll be happy to help.