In this page we will discuss the advantages to open a Ltd company abroad, explaining the reasons why you are free to set up a Ltd in any European countries.
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No assets Risks. The entrepreneur’s assets have no risks with a Ltd company, instead a Srl company does, which many times are the cases, where the manager director has to answer for the management.
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Better Tax Position. The medium taxation in Europe of 33% is absolutely not true, because of the real collateral tax of 21%, it can makes decreasing the taxation at 5% only with an accurate management.
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More competitive as a image and operation. Working with a Ltd company guarantees you and your partners and clients a fast operability as well as competition on prices because they haven’t any Tax pressure.
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5 times lower in price on the Registration of the company and management. The cost of a corporate Ltd company is 500 Euros compared with 3500 Euros enclosed the Legal and accountancy service, of a Srl Italian, French and German.
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The civil code’s regulation for a Srl are quite strict compared to the English regulation, which does not bind the entrepreneur.
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The European limited by share company has to report an appraisal relation which has to be made in ordinance in nature (EI: Real Estate). A Ltd company makes a written private agreement.
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An European limited by share company has articulate procedures regulated by law for all the operation of Social Capital (increment, and a voluntary or compulsory reduction) or for the distribution of dividends to the partners. A Ltd company instead sends an informal communication to the trade of commerce.
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Generally, the civil code thrusts the obligation to specify a social object, which creates inevitability limits to the daily work and helps the entrepreneur to rely on himself or to renounce to others. A Ltd company has legal social object in order to stop any operative difficulties from the beginning.
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An European limited by share company doesn’t have the anonymous prohibition for all the partners and managers, instead a Ltd company can be completely anonymous.
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For any workability statutes on an European Srl company it has to ask for permission from a legal team, instead the Ltd company does it internally.
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The time scale to corporate an Srl company is estimated between 15 to 40 working days. A Ltd company can be set up within 24 hours.
THE SOLUTION
It is only beneficial to set up a Limited company in Europe availing oneself of an optimum legislation for the enterprises and an efficient bureaucracy. Infact the community rules allows the companies opened inside EU to operate freely , respecting always the local legislation in their own country.
This rule is established in the 43 and 48 acts of the CE pact, confirmed by the European Court of Justice, Uberseering and Inspire act.
The private Limited Company or Ltd company is the best of the different societies available in the EU, the reasons are technical and better reputation. The costs to create a Limited company are lower the time scale is faster and you do not need of a solicitor to set up the company because the British legislation is more favourable and flexible.
In 2002 thousands of company (over 30.000) have been set up as Limited company, especially in Germany and Netherlands. They are operating as secondary branch in the UK.
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