Ethics
On the home page of our website, you will find a list of the obligations incumbent on the owner of a cross-border company (a company created in a European country bordering on the owner’s country of tax residence):
1- create the economic substance of the company,
2- pay taxes in your country of tax residence,
3- declare the company’s bank account(s) in the owner’s country of tax residence (with a link to the form).
Our working policy is first and foremost one of ethics and probity. Our website has a minimum of 3 pages covering the obligations of the owner of a company in Europe: Ethics, Legal rules to know, Special conditions and Terms of use and sale.
Our customers come from a variety of countries, including France. They are company directors wishing to set up a company, subsidiary or otherwise, in a European country, generally for organizational reasons (import-export, local resources, transport, logistics, expatriation projects, warehousing (e.commerce), etc.).
We also have many African customers, including those from the Maghreb, setting up their companies in Europe.
We refuse to set up offshore Companies incorporation in tax havens, and we announce this quite openly on the home page of our website.
We do not open bank accounts for our customers. We do not provide legal or tax advice. We do not draw up private deeds; these are drawn up by our partner lawyers. We refuse to discuss tax optimization or other prohibited subjects with anyone (incoming calls, customers, etc.).
Our activity complies with European regulations on free competition, free trade and the free movement of goods and people (Maastricht Treaty (1992), Hague Convention (1992), Treaty of Rome (1957), Articles 34, 36, 101, 102, 107 of the Treaty on the Functioning of the European Union, EC Merger Regulation 139/2004, etc.).
We dare to think that we are contributing, in our very small way, to the rise or return of foreign companies to Europe (this is what we see when non-European tax residents call us to set up a company in Europe).
In the case of a Premium+ banking introduction*, our partner, who is independent of our company, will take care of your application to open an account; whatever our banking introduction* service, only an obligation of means is guaranteed, so there is no guarantee of any result when it comes to opening a bank account*, only the bank decides. We do not open bank accounts* ourselves. Any illegal activities or transactions brought to the attention of our banking partner* will be rejected at your expense, risk and peril. We reserve the right to dissolve your company in the event of proven suspicion of illegal activity. Our site is in the process of complying with the CGI 2024 (France) Bill. Whilst we do our best to keep the information on this site accurate and up to date, we make no warranties as to the accuracy, applicability, suitability or completeness of the content of our site. We disclaim all warranties, express or implied, of merchantability or fitness for a particular purpose. In no event will we be liable for any loss or damage including, without limitation, special, incidental, consequential or other damages. The content of this website is NOT intended to be, and should NOT be construed as, legal advice or tax advice. Our company is not engaged in the practice of law or taxation. If you wish to receive legal or tax advice, please contact a specialist lawyer or tax advisor.
An “onshore” company is one that is resident for tax purposes in the same country as its owner(s) (shareholders). A “foreign” company, which may also be called a delocalised or extra-territorial company, is a company owned by a non-tax resident. An activity may also be described as “foreign” if it is relocated to a country other than that in which the main, parent (holding) or principal company is based: it may be relocated internally (subsidiary, branch) or through subcontracting.
If the “foreign” company has no physical presence (employees, premises) in its host country (the country in which it is registered), i.e. it has no real activity and therefore no economic substance in its host country, it must pay corporation tax in the country where the activity is actually carried out. This corporation tax is then at the rate set by the country where the activity is carried out. A non-tax resident (expatriate or otherwise) is an employee or company owner who is not established for tax purposes in the country where he or she works. The non-tax resident owner of an onshore (company and owner (shareholder) tax resident in the same country) or foreign company must pay tax in his country of tax residence. For France, the principle of tax residence is as follows: “Your tax domicile is in France if it is your main place of residence, i.e. if you stay there for more than 6 months of the year” https://www.service-public.fr/particuliers/vosdroits/F62
The term “foreign company” refers to a company owned by one or more shareholders who are not tax residents in the company’s host country.
A foreign company, which may also be called a delocalised, international or extra-territorial company, is a company owned by a non-resident. The owner of an extra-territorial (or foreign) company must pay tax in his or her country of tax residence and physically carry on business (office and/or premises, employee(s) and/or himself or herself) in the company’s host country. We do not set up companies in countries with a reputation as “tax havens”. We do not give legal or tax advice; it is recommended that you consult a tax lawyer before ordering a foreign company.
We also set up companies for expatriates; these companies therefore often have a more onshoring activity: sales in the country where the company is based.
Orders placed on this site are the sole responsibility of customers, who must check that they have the right to use the services ordered, depending on the country or countries in and to which they will be using these services. Customers must also check that they are entitled to use the services ordered in their country of tax residence. Some obligations specific to the ownership of a foreign company (known as extra-territorial, delocalised, international) or onshore company (company and owner (shareholder) resident for tax purposes in the same country) (non-exhaustive list of obligations)*: set up the company in a country that is not blacklisted by the OECD or the European Union (so ideally set up the company in Europe: ban tax havens), have a real organisation in the company’s host country (creation of an economic substance: office, premises, activity, employee(s)), pay tax in the company owner’s country of residence for tax purposes, etc. The owner of an extra-territorial (or foreign) company must have a real organisation in the company’s host country (creation of an economic substance: office, premises, activity, employee(s)): The owner of an extra-territorial (or foreign) company must pay tax in his or her country of tax residence, and carry on business materially and physically (office and/or premises, employee(s) and/or himself or herself) in the company’s host country. Members of an LLP must pay tax in their country of tax residence. We do not set up companies in countries with a reputation as ‘tax havens’. We do not provide legal or tax advice: it is strongly recommended that you consult a tax lawyer before ordering a foreign company from us. Our services are ideally suited to European professionals planning to relocate or expatriate to another European country, and to non-European foreigners wishing to establish a professional presence in Europe.
Contrary to popular belief, the relocation of a company located in the European Union often remains in Europe, in particular by virtue of the 1992 Hague Convention, and is organised legally. In fact, European countries each have a different policy in terms of tax attractiveness (social security contributions, corporation tax, etc.). In this area, as in many others, there is natural competition between European countries, until a more global alignment establishes common bases for standardised taxation.
The agreement reached on Friday 8 October 21 calls for a minimum 15% tax rate for multinationals (large groups with annual sales in excess of €750 million): this first step demonstrates a desire for uniformity, but does not resolve the disparities between European states and the European Union in terms of the taxation of small and medium-sized companies.
Our ethics lead us to select our clients, as far as possible, on the basis of motivations that we can perceive as legitimate, and although our responsibility is limited to the creation of companies, we refuse to follow up any request for the creation of a company that has an opaque, vague purpose and is devoid of any spirit of probity.
The owner of a foreign company (relocated, international) must pay tax in his country of tax residence, and physically carry out his business (office and/or premises, employee(s) and/or himself) in the host country of the said company.
By using our services, you undertake to operate within the law and not to seek a way of avoiding your tax obligations.
LLP: you must pay all your taxes in your country of tax residence.
Any foreign company owned by a non-tax resident must be declared in the owner’s country of tax residence; for France, here is the link to the declaration form: https://www.formulaires.service-public.fr/gf/cerfa_15928.do
Any bank account held outside the holder’s country of tax residence must be declared by the holder to the tax authorities in his or her country of tax residence; for France, here is the form for declaring a foreign bank account: https://www.impots.gouv.fr/sites/default/files/formulaires/3916/2019/3916_2568.pdf
Our ongoing support is limited to monitoring the administrative aspects of setting up and renewing companies.
We do not provide any legal or tax advice; we recommend that you consult a tax lawyer before placing an order on our website.
The term “foreign company” refers to a company owned by one or more shareholders who are not tax residents in the company’s host country.
The owner of an extra-territorial (or foreign) company must pay tax in his or her country of tax residence and physically carry on business (office and/or premises, employee(s) and/or himself or herself) in the company’s host country. We do not set up companies in countries with a reputation as “tax havens”. We do not give legal or tax advice; it is recommended that you consult a tax lawyer before ordering a foreign company.
We also set up companies for expatriates; these companies therefore often have a more onshoring activity: sales in the country where the company is based.
Orders placed on this site are the sole responsibility of customers, who must check that they have the right to use the services ordered, depending on the country or countries in and to which they will be using these services. Customers must also check that they are entitled to use the services ordered in their country of tax residence. Some obligations specific to the ownership of a foreign company (known as extra-territorial, delocalised or foreign) or onshore company (company and owner (shareholder) resident for tax purposes in the same country) (non-exhaustive list of obligations)*: set up the company in a country not blacklisted by the OECD or the European Union (ideally a company set up in Europe: ban tax havens), have a real organisation in the company’s host country (creation of an economic substance): The owner of an extra-territorial (or foreign) company must pay tax in his country of tax residence, and physically carry on business (office and/or premises, employee(s) and/or himself) in the company’s host country. Members of an LLP must pay tax in their country of tax residence. We do not set up companies in countries with a reputation as ‘tax havens’. We do not provide legal or tax advice: it is strongly recommended that you consult a tax lawyer before ordering a foreign company from us. Our services are ideally suited to European professionals planning to relocate or expatriate to another European country, and to non-European foreigners wishing to establish a professional presence in Europe.
When a shareholder-manager sets up a foreign company, he or she generally does so to reduce production costs or as part of an expatriation project. Contrary to popular belief, the relocation of a company located in the European Union often remains in Europe, in particular by virtue of the 1992 Hague Convention, and is organised legally. In fact, European countries each have a different policy in terms of tax attractiveness (social security contributions, corporation tax, etc.); we can therefore consider that there is competition in this area between all or some European countries.
The agreement reached on Friday 8 October 21 calls for a minimum 15% tax rate for multinationals (large groups with annual sales in excess of €750 million): this first step demonstrates a desire for uniformity, but does not resolve the disparities between European states and the European Union in terms of the taxation of small and medium-sized companies.
Our ethics lead us to select our clients, as far as possible, on the basis of motivations that we can perceive as legitimate, and although our responsibility is limited to the creation of companies, we refuse to follow up any request for the creation of a company that has an opaque, vague purpose and is devoid of any spirit of probity.
The owner of an extra-territorial, foreign (or international, relocated) company must pay tax in his country of tax residence, and physically carry out his business (office and/or premises, employee(s) and/or himself) in the company’s host country.
By using our services, you undertake to operate within the law and not to seek a way of avoiding your tax obligations.
LLP: you must pay all your taxes in your country of tax residence.
Any foreign company owned by a non-tax resident must be declared in the country of tax residence of the owner of the said company; for France, here is the link to the declaration form: https://www.formulaires.service-public.fr/gf/cerfa_15928.do
Any bank account outside the holder’s country of tax residence must be declared by the holder to the tax authorities in his or her country of tax residence. For France, here is the form for declaring a foreign bank account: https://www.impots.gouv.fr/sites/default/files/formulaires/3916/2019/3916_2568.pdf
Our ongoing monitoring is limited to the administrative aspects of setting up and renewing companies.
We do not provide any legal or tax advice, so please consult a tax lawyer before placing an order on our website.
As a reminder, here are some of the main rules that apply to you as the owner of a foreign company (non-exhaustive list):
1- consult a tax lawyer on a regular basis (which we are not), so that you are aware of all your tax obligations,
2- declare and pay your taxes (income, BNC, dividends, flat-tax, ….) in your country of tax residence,
3- declare your foreign company, in your country of tax residence, for France, form: https://www.formulaires.service-public.fr/gf/cerfa_15928.do
4- if you have not created any economic substance (materialization of your activity: premises, offices, employees, office equipment, real activity,…), in the country where your company is created, you will have to pay corporation tax in your country of tax residence, because your company and your activity will be deemed by default to exist only in your country of tax residence; to find out more about economic substance: https://www.service-societe.com/quest-ce-que-la-substance-economique/
5- never issue or receive invoices to or from a company that has no economic substance,
5- never receive payments from customers or pay suppliers, employees or others to or from a company that lacks economic substance,
6- when you set up a company abroad, you must create an economic substance in the country where the company is based,
7- you must, of course, be carrying on a lawful activity,
8.1- If you use a director, you must appoint him to carry out work related to the company in which he is a director,
8.2- if you use a director, you must check with a lawyer (which we are not) whether you are entitled to use a director under the legislation of your country of tax residence,9- you must keep clear and accurate accounts: you must have an accountant (which we are not),
10- declare your bank account(s) set up in a foreign country: https://www.impots.gouv.fr/formulaire/3916/declaration-par-un-resident-dun-compte-letranger-ou-dun-contrat-de-capitalisation-o
Our contribution to our clients’ compliance with tax rules:
1 – We try to filter out the good intentions from the bad; when someone calls us to order the creation of a company, we try to find out their motivations; we try to identify anyone who wants to avoid paying tax and therefore refuse them as a client and we argue on the merits of European countries when someone initially wants to create a company outside Europe, we only create companies in Europe (except Gibraltar, Guernsey, Jersey and the Isle of Man (non-exhaustive list).
2 – Everywhere on our site, we make it clear that you must comply with the basic rules governing the management of a foreign company and, in particular, declare and pay your taxes in your country of tax residence, create the economic substance of your company, declare your foreign company and your foreign bank accounts in your country of tax residence, etc…