Checklist for opening a hosting company?

2

Comments

  • @skorupion said: If you know those languages, then translate them yourself, as it will cost u a Lil big sum for translations.

    you can get fairly cheap translations on /r/slavelabour/

  • skorupionskorupion Services Provider

    @cmeerw said:

    @skorupion said: If you know those languages, then translate them yourself, as it will cost u a Lil big sum for translations.

    you can get fairly cheap translations on /r/slavelabour/

    I think the name of this subreddit says for itself...

    Also you might get a google translate translation, which is less than desirable

  • miumiu
    edited September 2022

    @chris said:
    I think it was all a joke to be fair mate :) May be mistaken, maybe @Amadex see's a post-summer gap in the market?

    i do not know - if he think it serious.. (only in such cases are better recommendations how to do it better, than recommendations "don't do it")

    @Amadex
    IMHO First of all i would be resolving question FROM WHERE I WILL TAKE CUSTOMERS and calculations (what prices and plans i wanna offer them for what prices, may be these prices attractive/competitive when i take in account competition? => my chance get customers, how much customers i need get to make my monthly running profitable? from where i wanna take customers? only WBH forums => limited amount, small audience + competition is there very strong (u cannot fight with prices of GCVPS or HH, too you cannot fight technically with highly skilled providers like Liteserver, Fran etc..).. from SE? then i need good website +seo etc... (several times more important than Epyc server that will be without customers only idling))
    All other then (is not so problem reg company, set up customer portal + website and CP/hosting panel, but if first mentioned you have not resolved, then all other imo is building house from roof)
    If are money problem or uncertain thing (or i do not know your technical skill level and experience - this is too not so easy without them), too i would be more aware and rather try begin on VPSes that on the blind with dedicated servers, keep in the mind than buy army of servers is one of most easy things, but make them profitable is one of most hardest then (you must not only be able target customers and audience but too be able attract them and make decide him to go to you instead competitors). This are only my idea on your idea and my angle of view / how i would be thinking

    Good day and Goodbye

  • Definitely buy some steam games.

  • edited September 2022

    I don't think that starting a hosting company is a good idea. Too much trouble dealing with tickets and technical problems.
    My suggestion is to use your 10K to buy an existing service and put your money to extend them.
    Take a look at Flippa marketplace. https://flippa.com/
    There are plenty of apps, website, saas.

  • Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    AmadexHosting ForumsWebshop: Guide to Start Selling Online • Free Debit Card & Online Bank Account 🤑

  • @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    Setup a LLC in US. I use https://www.firstbase.io/ service to do everything. Got a Mercury bank. Taxes are also handled by Firstbase partners.

  • skorupionskorupion Services Provider

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    UK. You get like 50k tax free

  • YmpkerYmpker OGContent Writer

    @skorupion said:

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    UK. You get like 50k tax free

    Did you opt for UK LTD now? Wasn't sure which solution you'd choose.

  • skorupionskorupion Services Provider

    @Ympker said:

    @skorupion said:

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    UK. You get like 50k tax free

    Did you opt for UK LTD now? Wasn't sure which solution you'd choose.

    Yep

    Thanked by (1)Ympker
  • YmpkerYmpker OGContent Writer

    @skorupion said:

    @Ympker said:

    @skorupion said:

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    UK. You get like 50k tax free

    Did you opt for UK LTD now? Wasn't sure which solution you'd choose.

    Yep

    Nice. Gl with launch :D

  • @quanhua92 said:

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    Setup a LLC in US. I use https://www.firstbase.io/ service to do everything. Got a Mercury bank. Taxes are also handled by Firstbase partners.

    Thanks for this US based.
    What about taxes in UK? Are they high for "remote non-uk citizens"? Do I need to pay healthcare if I'm not residing there etc.?

    Currently I'm migrating my existing clients to one node. France + Croatia (coming soon) servers for now. My target market is not low-end. I would rather give someone a VPS for free than do deal with chargebacks for 3$ :# .

    Brand is:
    https://www.virtmach.com/
    https://status.virtmach.com/
    https://www.virtmach.net/

    Thanked by (1)ehab

    AmadexHosting ForumsWebshop: Guide to Start Selling Online • Free Debit Card & Online Bank Account 🤑

  • @Amadex said:

    @quanhua92 said:

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    Setup a LLC in US. I use https://www.firstbase.io/ service to do everything. Got a Mercury bank. Taxes are also handled by Firstbase partners.

    Thanks for this US based.
    What about taxes in UK? Are they high for "remote non-uk citizens"? Do I need to pay healthcare if I'm not residing there etc.?

    Currently I'm migrating my existing clients to one node. France + Croatia (coming soon) servers for now. My target market is not low-end. I would rather give someone a VPS for free than do deal with chargebacks for 3$ :# .

    Brand is:
    https://www.virtmach.com/
    https://status.virtmach.com/
    https://www.virtmach.net/

    Never seek LowEndTaxAdvice - lol but I think the previous post was misguided in the 50k thing! Honestly, call an accountant here and have a proper conversation with them! Most would be willing to consult and give real advice

  • skorupionskorupion Services Provider

    @Amadex said:

    @quanhua92 said:

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    Setup a LLC in US. I use https://www.firstbase.io/ service to do everything. Got a Mercury bank. Taxes are also handled by Firstbase partners.

    Thanks for this US based.
    What about taxes in UK? Are they high for "remote non-uk citizens"? Do I need to pay healthcare if I'm not residing there etc.?

    Currently I'm migrating my existing clients to one node. France + Croatia (coming soon) servers for now. My target market is not low-end. I would rather give someone a VPS for free than do deal with chargebacks for 3$ :# .

    Brand is:
    https://www.virtmach.com/
    https://status.virtmach.com/
    https://www.virtmach.net/

    https://www.pinsentmasons.com/out-law/guides/an-introduction-to-tax

    Nope it is 50 k tax free, and VAT is over 85 k.

    And no, you don't have to pay insurance nor pension

  • How do you plan on scamming people? What is your exit strategy?

  • Virtmach:
    Maching not-to-be Virmach customers with bad keyboards...

    Detailed info about providers whose services I've used:
    BikeGremlin web-hosting reviews

  • @lesuser said:
    How do you plan on scamming people? What is your exit strategy?

    Involucrated

    Thanked by (1)bikegremlin

    AmadexHosting ForumsWebshop: Guide to Start Selling Online • Free Debit Card & Online Bank Account 🤑

  • ialexpwialexpw OGServices Provider

    @Amadex said:

    @quanhua92 said:

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    Setup a LLC in US. I use https://www.firstbase.io/ service to do everything. Got a Mercury bank. Taxes are also handled by Firstbase partners.

    Thanks for this US based.
    What about taxes in UK? Are they high for "remote non-uk citizens"? Do I need to pay healthcare if I'm not residing there etc.?

    Currently I'm migrating my existing clients to one node. France + Croatia (coming soon) servers for now. My target market is not low-end. I would rather give someone a VPS for free than do deal with chargebacks for 3$ :# .

    Brand is:
    https://www.virtmach.com/
    https://status.virtmach.com/
    https://www.virtmach.net/

    Ooft that name choice

    Syuh - SFTP Storage Pods from 50GB to TBs. UK, US and DE locations.

  • edited September 2022

    @Amadex said: Rent EPYC and Xeon Gold servers, two for start or to buy cheaper and colocate them in Zagreb (https://www.hrvatskitelekom.hr/poslovni/ict/kolokacija)

    Knowing T-Mobile their pricing is usually insane.
    Have you considered Hetzner? EX and AX product lines are quite affordable.

    edit: I am reading the T-Mobile HR prices...
    Is it colo 66.43EUR/month per 120W, 1 unit and 10Mbps speed? 🤔
    rack colo 1595.12EUR/month 3kW rack, 50Mbps speed...

  • HostSlickHostSlick Hosting Provider
    edited September 2022

    @skorupion said:

    @Amadex said:

    @quanhua92 said:

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    Setup a LLC in US. I use https://www.firstbase.io/ service to do everything. Got a Mercury bank. Taxes are also handled by Firstbase partners.

    Thanks for this US based.
    What about taxes in UK? Are they high for "remote non-uk citizens"? Do I need to pay healthcare if I'm not residing there etc.?

    Currently I'm migrating my existing clients to one node. France + Croatia (coming soon) servers for now. My target market is not low-end. I would rather give someone a VPS for free than do deal with chargebacks for 3$ :# .

    Brand is:
    https://www.virtmach.com/
    https://status.virtmach.com/
    https://www.virtmach.net/

    https://www.pinsentmasons.com/out-law/guides/an-introduction-to-tax

    Nope it is 50 k tax free, and VAT is over 85 k.

    And no, you don't have to pay insurance nor pension

    Due to VAT moss as long as your digital sales to EU are less than £8,818 and your total sales (including these digital sales) are less than £85k then this is correct.

    Otherwise you are wrong

    You forget that if you habe sales above 10k/year€ to EU you need to register for MoSS and pay the VaT % of the country where your customer is from.

    This still applies after brexit.

    As ltd in UK you have to register for MoSS in one of the EU member states and EU Companies had to register for VAT In UK

    Also depending on your country you need to fill out a form and report them that you own a entity abroad.

  • Yep, at the end of the day, plane tickets > support tickets :smiley:

    Thanked by (1)Amadex

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  • skorupionskorupion Services Provider

    @HostSlick said:

    @skorupion said:

    @Amadex said:

    @quanhua92 said:

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    Setup a LLC in US. I use https://www.firstbase.io/ service to do everything. Got a Mercury bank. Taxes are also handled by Firstbase partners.

    Thanks for this US based.
    What about taxes in UK? Are they high for "remote non-uk citizens"? Do I need to pay healthcare if I'm not residing there etc.?

    Currently I'm migrating my existing clients to one node. France + Croatia (coming soon) servers for now. My target market is not low-end. I would rather give someone a VPS for free than do deal with chargebacks for 3$ :# .

    Brand is:
    https://www.virtmach.com/
    https://status.virtmach.com/
    https://www.virtmach.net/

    https://www.pinsentmasons.com/out-law/guides/an-introduction-to-tax

    Nope it is 50 k tax free, and VAT is over 85 k.

    And no, you don't have to pay insurance nor pension

    Due to VAT moss as long as your digital sales to EU are less than £8,818 and your total sales (including these digital sales) are less than £85k then this is correct.

    Otherwise you are wrong.

    Also depending on your country you need to fill out a form and report them that you own a entity abroad.

    Thanks for that info

  • HostSlickHostSlick Hosting Provider

    @skorupion said:

    @HostSlick said:

    @skorupion said:

    @Amadex said:

    @quanhua92 said:

    @Amadex said:
    Any advices where to form cheaply a company with low taxes + biz bank acc outside of EU?

    Setup a LLC in US. I use https://www.firstbase.io/ service to do everything. Got a Mercury bank. Taxes are also handled by Firstbase partners.

    Thanks for this US based.
    What about taxes in UK? Are they high for "remote non-uk citizens"? Do I need to pay healthcare if I'm not residing there etc.?

    Currently I'm migrating my existing clients to one node. France + Croatia (coming soon) servers for now. My target market is not low-end. I would rather give someone a VPS for free than do deal with chargebacks for 3$ :# .

    Brand is:
    https://www.virtmach.com/
    https://status.virtmach.com/
    https://www.virtmach.net/

    https://www.pinsentmasons.com/out-law/guides/an-introduction-to-tax

    Nope it is 50 k tax free, and VAT is over 85 k.

    And no, you don't have to pay insurance nor pension

    Due to VAT moss as long as your digital sales to EU are less than £8,818 and your total sales (including these digital sales) are less than £85k then this is correct.

    Otherwise you are wrong.

    Also depending on your country you need to fill out a form and report them that you own a entity abroad.

    Thanks for that info

    Just updated the Post. Forgot some Info.

    Big mess it is with UK now

  • @skorupion said:
    https://www.pinsentmasons.com/out-law/guides/an-introduction-to-tax

    Nope it is 50 k tax free, and VAT is over 85 k.

    I am not seeing where that page says that 50k would be tax free - it's only saying that the 25 % corporation tax rate applies for companies with profits above 50k (19 % would still apply for those below that threshold). And this is, of course, just corporation tax, you will still be taxed (in your country of residence) for any money you want to take out of that company (as a salary or dividends or whatever).

    Thanked by (1)chris
  • MichaelCeeMichaelCee Hosting ProviderOGServices Provider
    edited September 2022

    There’s no 50k tax free. I’ve paid the (previously) 20% rate on even £100.

    https://www.gov.uk/corporation-tax

    https://www.gov.uk/corporation-tax-rates

    Maybe you can swing 50k in tax deductible expenses, I don’t know 😉

    Thanked by (2)Ympker chris
  • YmpkerYmpker OGContent Writer
    edited September 2022

    @MichaelCee said:
    There’s no 50k tax free. I’ve paid the (previously) 20% rate on even £100.

    https://www.gov.uk/corporation-tax

    https://www.gov.uk/corporation-tax-rates

    Maybe you can swing 50k in tax deductible expenses, I don’t know 😉

    Is OnePoundMail registered as a Limited( Ltd.) or as a solo entrepreneur (if that exists in the UK)?
    Regardless, if @MichaelCee says there is no 50k tax free he'd probably know :)

    Btw. @MichaelCee : You might wanna replace your Google Fonts in the index.html with BunnyFonts for GDPR reasons ;)

    The Bunny Fonts platform is fully compatible drop-in replacement for the Google Fonts V1 API, allowing for a seamless transition to our GDPR-compliant platform.

    If you are already using Google Fonts, you can simply substitute https://fonts.googleapis.com/css with https://fonts.bunny.net/css in your HTML code.
    Ready made for you: <link href="https://fonts.bunny.net/css?family=Open+Sans:400,700|Poppins:400,700|Raleway:400,700&amp;display=swap" rel="stylesheet">

    Fwiw, just found this:

    https://eucham.eu/best-european-countries-for-business-2020/

    Thanked by (1)MichaelCee
  • skorupionskorupion Services Provider

    @MichaelCee said:
    There’s no 50k tax free. I’ve paid the (previously) 20% rate on even £100.

    https://www.gov.uk/corporation-tax

    https://www.gov.uk/corporation-tax-rates

    Maybe you can swing 50k in tax deductible expenses, I don’t know 😉

    Yep my mistake. Sorry, at least it ain't hard to rack up operation costs

    Thanked by (1)MichaelCee
  • MichaelCeeMichaelCee Hosting ProviderOGServices Provider

    @Ympker said:

    @MichaelCee said:
    There’s no 50k tax free. I’ve paid the (previously) 20% rate on even £100.

    https://www.gov.uk/corporation-tax

    https://www.gov.uk/corporation-tax-rates

    Maybe you can swing 50k in tax deductible expenses, I don’t know 😉

    Is OnePoundMail registered as a Limited( Ltd.) or as a solo entrepreneur (if that exists in the UK)?
    Regardless, if @MichaelCee says there is no 50k tax free he'd probably know :)

    My brands are just trading names of my own sole entity right now (maybe forever). When I first started in the industry there was a major misconception that you had to be incorporated to get business. It helps but there are plenty of well known sole traders growing businesses.

    P.S Thanks for the heads up, watch this space.

    Thanked by (1)Ympker
  • The legendary: :)

    Thanked by (2)MichaelCee Ympker

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    BikeGremlin web-hosting reviews

  • MichaelCeeMichaelCee Hosting ProviderOGServices Provider
    edited September 2022

    On the topic of UK incorporation, some other costs to consider:

    • £12 to incorporate a company (can get it free third party)
    • £13 yearly fee to Companies House
    • ICO fee (Mine was £40/year)
    • Accountancy - you will maybe need a local and UK accountant for two sets of accounts.
    • Business banks from high street branches usually cost per month or transaction. There’s a handful of free banks available
    Thanked by (1)bikegremlin
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