Contributed by Sarah Diab
In total, there are several well-known geographical jurisdictions that offer considerable offshoring incentives. The key to choosing the most suitable offshore jurisdiction is to fully understand the extent of the incentives offered by each jurisdiction, how they impact your business in Egypt, and how much you can financially invest in any of them.
There are elements that may allow you to determine which jurisdiction is the best for your business such as the geographic territory, the forms of companies in that jurisdiction, the duration of incorporation, the requirement of a bank account for incorporation, the tax rates, the minimum number of directors and shareholders, the types of legal systems, the publicity of corporate information, the economic substance requirements, the foreign ownership ratio, the setup fees, the ongoing annual fees, and the requirement of a local agent or director.
Disclaimer: This guide should not in any manner be interpreted or considered as legal advice or tax advice.
StartRight Final Words: Go to the Netherlands if you have enough Funding!
The only thing you have to make sure you plan for is having an annual budget of around Euros 6,500 – 8,500 to maintain this Holding Company Structure. There are other options in the UAE that are not very well-structured like the Netherlands.
StartRight Off-Shoring Next Episode: UAE