Only 5% taxation on corporate profits was never possible for me until I met St. Publius and their tax saving strategy in form of a Malta Ltd. with non-domiciled status.
Challenge: Too high taxes in the GmbH
Solution: Maltese Ltd. with non-domiciled status
Gain: Approx. 44 000€ per year
Christine Müller is the CEO of a large trading company for textiles. She buys products regularly in China and Italy, and imports them to Europe. All profits were until now fully taxed in the German GmbH (30%).
Together with St. Publius Christine Müller established a Maltese Ltd., which now takes over the international sourcing. The company sells its products directly from Malta to Europe now. The resulting gains of the Ltd. are taxed with 35%, of which she gets 6/7 back later. She moved to London and enjoys the private non-domiciled status.
Maltese Ltd.. & UK Non-domiciled status German GmbH & German Residence
Profit corporation 100,000€ 100,000€
Business tax 0% / 14% 0€ 14,000€
Corporate tax 35% / 15% 35,000€ 15,000€
Solidarity surcharge on CIT 0% / 5.5% 0€ 830€
Cash dividend 65,000€ 70,170€
Tax savings 44,477.60€
Tax Refund 30,000€ 0€
Total dividend 95,000€ 70,170€
Withholding tax plus solidarity CIT & 0% / 28% 0€ 19,647.60€
Remaining net profit 95,000€ 50,522.40€