Home – New Forums Logistics Expanding business into the EU

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  • #967093
    micksterbooty
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    Hello forum,

    I will be launching a business in the coming months in Australia. I
    would like to have my product also available to the EU Market. The business is selling a manufactured good online (no distributors required)

    Due to shipping costs and Taxes and duty costs on the “finished” product
    selling to the EU from an Australian base is not viable.

    What I would like to achieve:

    (1) Establish an entity in the EU e.g a UK Limited Company
    (2) The entity will import raw materials form China and Australia
    (3) There will be a small manufacturing component in the Eu country.
    (4) The product would then be distributed online in the EU.

    A staff of 1-2 people would be required to manufacture and deal with the distribution.

    Has anyone here had any experiences with expanding into the EU

    Cheers
    Mick

    #1023361
    Integrated Alliance
    Member
    • Total posts: 10
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    micksterbooty, post: 27735 wrote:
    Hello forum,

    I will be launching a business in the coming months in Australia. I
    would like to have my product also available to the EU Market. The business is selling a manufactured good online (no distributors required)

    Due to shipping costs and Taxes and duty costs on the “finished” product
    selling to the EU from an Australian base is not viable.

    What I would like to achieve:

    (1) Establish an entity in the EU e.g a UK Limited Company
    (2) The entity will import raw materials form China and Australia
    (3) There will be a small manufacturing component in the Eu country.
    (4) The product would then be distributed online in the EU.

    A staff of 1-2 people would be required to manufacture and deal with the distribution.

    Has anyone here had any experiences with expanding into the EU

    Cheers
    Mick

    Hi Mick,

    We have a number of clients who have overseas operations, in particular USA, UK, NZ, China, just to name a few.

    You’ve mentioned that you’d like to set up a UK (private) limited company – one of the issues will be taxation, in particular the possibility that if you are looking to bring money back into Australia, you may be taxed at a high rate (potentially over 60% tax) depending on how the business is structured. You may want to consider the use of either a (foreign) subsidiary or branch.

    With setting up a company in UK there will also be other requirements as a director.

    The other issues to consider are the various licenses you may be required to hold, 1) as you are manufacturing in EU, and 2) and importing goods from China and Australia.

    With setting up any business, from our experience, its vital to structure the business in such a way that ensures that you don’t get hit with a large tax bill, or a exposed from an asset protection/liability perspective.

    Not sure where you are located, however if you are in Sydney, I’d be happy to sit down with you and provide some clarity with expanding into the EU.

    Cheers,
    Andrew

    Andrew Lowe
    Director
    Integrated Alliance Chartered Accountants and Business Advisors
    Level 33, Australia Square, 264 George Street, Sydney NSW 2000
    E [email protected]
    W http://www.alliance.com.au

    Integrity | Innovation | Insight

    Liability limited by a scheme approved under Professional Standards Legislation.

    #1023362
    CruzAccountant
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    Hi Mick

    Could I ask where you’re based? I have a fair bit of international accounting and taxation experience, and I’ve dealt with UK Head Offices with an Australian Foreign Branch as well. I can also go through the legal entities you can set up in Australia as well.

    Let me know if I can be of assistance to you.

    Richard

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