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 Refund||30,000 €||0 €|
|Total dividend||95,000 €||70,170 €|
|Withholding tax plus solidarity CIT & KSt. 0% / 28%||0 €||19,647.60 €|
|Remaining net profit||95,000 €||50,522.40 €|
|Tax savings||44,477.60 €|