You want to start your international corporation, or perhaps you already have an international corporation and want to move it to a country that has better taxes and advantages for what you want to do. Well, there are a lot of places you can move to, some are better than others. Some you might have heard of in the past, have dropped down the list and are not quite as good as before. Ireland made a huge push to get companies there years ago, but while they are still better than the USA to have a headquarters in, they are not in the top anymore. There are many things to take into consideration when you move your company’s headquarters. What is the corporate tax like in the country? What are the options for writes offs and reducing taxes? What are the benefits and what are the disadvantages? It also depends on what kind of company you have, so please do your research. We will give you the best country picks we have found for your headquarters, but as you are a multinational company, we are sure you will do your research and make sure it is the right bet or you.
Switzerland takes the number one spot. It has one of the lowest base corporate taxes. It has been a business center for more years than we can count. In fact, during the Second World War, they declared their neutrality and Germany accepted it, as Switzerland held so much power in the banking world. Switzerland has a highly educated workforce and it a beautiful city to live in or visit. It is also home to many of the fortune 500 giants, who have their headquarters there as well.
Canada ranks in the number 2 slot. If you are in the USA Canada is probably the easiest place to move your headquarters too, with the least amount of fuss, while keeping the same language as well for a bonus. Canada also offers tremendous company perks for moving your company there. Employment and rent subsidies, as well as many other business programs that can help move things along. The would be our choice for moving a USA company, eh.
Luxemburg is ranked at number 3. While the base corporate tax is 27%, there are tremendous tax advantages that can help offset that. Luxemburg also has a very transparent government, as well as high stability. It is also one of the smallest countries with only 500,000 residents. In contrast, Singapore a quarter of the size of Luxemburg, and has 6 million residents.
Another great place to have a headquarters is Australia, coming in at #4. This is another good choice for English speaking corporations to move to, as there are no language issues for hiring, and the economy is growing. You might have to get used to the heat, but Australia is a great place with many tax benefits, as well as a very friendly people.
There are, of course, many others, and changing laws and economies bounce them up and down a few places every few years, but overall, the ones on our list are fairly stable and you would have a hard time going wrong with them. There are many things to consider when taking your company to another country, so getting a good international business lawyer is a must. If you wish to dance on the edge of the razor, there is also the Island of Jersey, which charges 0% corporate taxes. This is where Apple runs their business through now, even though they are headquartered in California. By judiciously moving where your company runs its business from, like Apple, it can save you billions. We might not all be like Apple, but every dollar counts, so you might as well use every angle you can, as long as you stay legal. If you agree or disagree with our list, please let us know.