A trading company acting as an agent on behalf of a principal company which receives commission income from the principal for its services
AGENCY COMPANY BENEFITS
- Minimized tax burden
Corporate tax will be levied only on the Agency company’s commission income (3-5% of total turnover)
- VAT number
Agency Company with a VAT number is an efficient solution for intra-EU trade
For example, Irish Ltd. with VAT or Cyprus Ltd. with VAT
European Agency company enters into agreements with business partners which normally do not work with offshore-based companies
How it works?
To find out more, please contact us.