Case Study

We have selected some examples of the service we have provided to clients in the past which illustrate the benefits that your business can realise in working with our Fiduciary Factoring service.

 When less than €25,000 has to be invoiced per year

CASE STUDY

Mr. Martin works as a freelance Legal Translator. He used to invoice all his clients directly paying tax on the entirety of his revenue. Mr. Martin now works with us, using our international factoring services to optimise the taxation of part of his income.

• First step: Last Monday Mr. Martin asked us to issue an invoice with amount of €4,500 for translation services.
• Second step: We issued the invoice immediately (in our own name) and sent it by fax and by post to Mr. Martin's client.
• Third step: Three days later, we received payment of €4,500 to our bank account from Mr. Martin's client.
• Fourth step: We deduct our commission, equivalent to 12% of the invoiced amount (consisting of our fee of 10% + 2% for the cost of the offshore banking facility), €540 so far, and transferred the remaining balance, equivalent to 88% of the invoiced amount, €3,960 so far, into Mr. Martin's offshore bank account.
• Fifth step: Mr. Martin uses an international debit card to withdraw funds from the offshore account.

Mr. Martin still invoices in his own name, but uses our services for about 40% of his work, saving significant sums in income tax!

 When more than €25,000 is to be invoiced per year

CASE STUDY

Mr. Dupond works as a Design & Marketing Consultant. In the past, he invoiced all of his clients directly via his company and paid taxes on all of its incomes. Mr. Dupond now works with us, using our international factoring services to reduce his tax burden.

• First step: Last week Mr. Dupond asked us to issue an invoice for the sum of €13,570 for Design consultancy and Marketing/Communication advice.
• Second step: We issued this invoice immediately (in our own name) and sent it by fax and by post to Mr. Dupond's client, the recipient of his company's services.
• Third step: Four days later, we received €13,570 on our bank account from Mr. Dupond's client.
• Fourth step: We deducted our commission equivalent to 10% of the invoiced amount, €1,357 so far, and transferred the remaining balance equivalent to 90% of the invoiced amount, €12,213, onto Mr. Dupond's offshore bank account.
• Fifth step: Mr. Dupond uses an international debit card to withdraw funds from the offshore bank account.

Mr. Dupond still invoices in his own name, but uses our services for about 50% of his work, making considerable tax savings!