Your requirements for tax improvement services maybe irregular. Or your expected income can be less than 80 000 or 100 000 euros annually. For either reason, perhaps you hesitate to create your own tax optimising structure.
Many reasons may dissuade you: there is the initial cost, having to identify yourself with the Bank as authorized signatory for a foreign company..., as well as the time invested in the preparation, sending off the bills, then collecting them.
If this is the case, we offer a solution which would very likely satisfy you and enable you to launch your programme of tax limitation with no initial investment whether in money or time: this is known as factoring.
Factoring consists of interposing one of our service companies between you and your client as to take care of billing and drawing benefits that you could not receive because you do not own a corporate boby ( company )and/or a bank account that does not show your name on it.
Our firms meet all the legal obligations in their jurisdictions and pay the VAT, taxes ( and social security contributions ) that they owe on the net amounts received on these operations that are actually commissions on the accounting standards.
There are different possibilities , but in any case, our companies are all prosperous and highly respected, have a perfectly sound legal history and have bank accounts in the best Banks of London, New-York, Toronto and Geneva at their disposal.
Please consult us to obtain our commission rates as they vary depending on the country from which we bill and the amount of invoices we issue, but they are tapering and always reasonable. Tariff agreements can be signed for important contracts or repetitive invoicing.
The bank transfers and eventual currency conversions are at your charge and the net balance, free of any other expenses and taxes, will be paid to you in any country in the world within approximately 48 hours of receiving the payment from your Client.
If you wish, we can sign a trust agreement which will state our commitments and include a table of applicable commissions.
If absolute confidentiality is required, here is the outline we suggest:
- We invoice depending on your instructions: from London, for instance
- We receive the payment on our London Corporate account
- We transfer the money to an account of the same company in Geneva
- Once under the Swiss bank secrecy ( Federal Law of 1934), we transfer the amount that is due to you on a numbered account belonging to you ( your name does not appear as holder )
The solution given above is one of the most solid ones we can offer.
If a contract must be established with your end client , we can prepare it and even discuss the terms if this is a matter of New Technologies, Training, Finances or Management.
To start up an operation, all you need to do is communicate the following by e-mail:
- Date of the invoice to be issued
- Name and address of the client
- Number and date of the purchase order
- Due date
- Text on the invoice
- Currency
- Amount
We will return by e-mail in 12/24 hours maximum a pro forma invoice (Word file)
When you have approved it, it is immediately send by mail or DHL depending on your instructions, from Geneva, New-York, Canada or London.
When the payment arrives on one of our accounts, you will receive an e-mail giving you details on the amount processed : received amount, deduction of the commission, possible transfer expenses etc and we will ask what your instructions are for the payment. Upon receipt of your instructions, we immediately order the transfer and ask you to confirm to us by e-mail when the amount is deposited on your account in order to close our file.
If you wish, in order to substantiate your life style or obtain social security in your country of residence, for instance, then we can , as an alternative, pay you a salary in one of our structures, pay the social security contributions and deposit a part of your earnings on your personal account that would be ‘tax visible' in a very official way ; the rest of your benefits would follow the outline explained above.
Please consult us for an adapted offer to your specific case as well as the best intervention rates.
insad s.a.
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