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Best Offshore or Low Tax Locations in Europe

Updated on Thursday 12th July 2018

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The Cayman Islands, Panama, and other exotic locations are not the only options for investors looking to find countries that levy low corporate income tax rates. Investors can look towards Europe when opening a company in a low-tax jurisdiction.

Our offshore company formation agents who specialize in the tax laws and relevant foreign investment laws in these countries can give you more information about the particularities of each jurisdiction.
 
We highlight some of the countries in Europe that have the lowest corporate income tax rate for resident and non-resident companies and those that impose no corporate income tax at all.
 
For detailed information about the actual offshore company setup in these locations, one of our agents can help you.
 

Countries with low tax rates in Europe

 
The table below offers examples as well as a short description of the main low tax locations in Europe.
 
Country Tax Rate
Bulgaria The country has a low corporate tax rate of 10%, with resident companies taxed on their worldwide income and non-residents on their Bulgarian-source income.
Cyprus The corporate income tax rate is 12.5%.
Hungary The corporate income tax rate is as low as 9%.
Ireland With a 12.5% corporate tax rate for trading income and a welcoming business environment, Ireland is a country of choice for many English-speaking investors.
Isle of Man A European tax haven in the true sense of the word, Isle of Man has no corporate income tax for resident and non-resident companies.
Jersey A zero corporate income tax is in place for resident and non-resident companies with a permanent establishment here. A 10% rate applies for financial services companies and 10% for utility companies.
Luxembourg The corporate income tax rate is 15% for companies with a taxable income below 25,000 and 18% for companies that have a taxable income above 30,000 EUR.
Malta After tax refund claims on all or part of the profits derived from Malta, the effective tax rate is between 0 and 10%. Other rates may apply.
Romania The corporate income tax rate is very attractive for micro-enterprises, at 1% or 3% depending on certain factors.
 

What to look for in a low tax location

 
Tax havens are essentially praised by investors for their low tax regimes, however, this should not be the sole consideration when choosing to base a company in Europe. Investors have several options to choose from in regards to low taxes, as highlighted in the table above. Other aspects to consider would be the company registration process and its duration, the needed paperwork, and bureaucracy as well as the overall economic and business environment of the country.
 
We invite you to contact us for adequate offshore incorporation aid. Our experts are able to answer your questions and guide you throughout the entire process of registering an offshore company.
 

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