Are you a business owner looking to take advantage of low corporate tax rates? Look no further than RHJ Accountants!
We specialise in helping people open companies in either: Malta, Portugal, UAE or Cyprus. With our help, you can minimise your corporate tax burden and maximise your profits.
Read on to learn more about how RHJ Accountants, part of RHJ Group, can help you take advantage of low corporate tax rates.
Understanding corporate tax rates
In the UK, corporate tax rates have recently risen from 19% to 25% for companies earning profits above £250,000. With this in mind, businesses need to explore other options to help minimise their tax bill; and maximise their profits. One solution is to understand corporate tax rates in other countries.
People often assume that they need to relocate abroad themselves, for the business to benefit from lower corporate tax rates. However, this is not the case. By opening a company in a country such as Malta, Portugal, UAE or Cyprus, individuals can still enjoy the benefits of low corporate tax rates whilst living in the UK.
Understanding corporate tax rates is the first step towards maximising profits and minimising tax bills. With the help of RHJ Accountants, businesses can navigate the complexities of international tax law and choose the best country to set up their company. Whilst still maintaining a presence in the UK.
Ways to reduce corporate tax rates
To reduce corporate tax rates, there are a few different countries to look at:
Malta
5% corporate tax rate.
United Arab Emirates
0% corporate tax rate, if based in a free-zone. Or if choosing the mainland then you can expect to pay 9% corporate tax.
Portugal
5% corporate tax rate.
Cyprus
12.5% corporate tax rate.
It’s important to remember that low tax rates should not be the sole reason for opening a company abroad. Business owners should analyse the business needs and potential profitability to determine whether the move will ultimately be beneficial. Before helping individuals choose an option, the RHJ Accountants team will request detailed information to help you choose the best option. By taking this cautious approach, clients can enjoy lower tax rates while ensuring their long-term success.
Many individuals become cautious when discovering that Malta and Portugal have tax rates as low as 5%, but nobody is ever cautious when finding out that the UAE has a tax-free zone. This might be because of the stigma that the UAE holds, and people have known about the tax-free areas for a longer time; plus it’s all over the internet! However, as expert accountants, we can say for certain that opening a company in Malta or Portugal to benefit from a 5% tax rate is legitimate. We would never want to put someone else’s company on the line, never mind our own! As long as the company abroad has substance, and you follow our expert teams’ guidance, then everything will be setup as required – and you can start paying less tax!
How RHJ Accountants can help
We offer a free initial consultation to discuss your options, no matter which country you are interested in.
Not sure if your company’s profits are high enough to benefit from a company abroad? Send us an email with your information, and we will provide suitable guidance to help you make an informed decision.
Plus our team at RHJ Law can assist in attaining visas for all these countries, should you wish to relocate abroad alongside your business.
With our knowledge and expertise in international tax law, we can navigate the complexities and help you choose the best country to set up your company. Our goal is to minimise your corporate tax burden while ensuring long-term success for your business.
Contact us today and let us help you take advantage of low corporate tax rates!
