LLC for Greek Resident
- Thread starter troupos13
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No, that's not the same.
All the companies you mentioned have local directors and are tax resident by default in the place of incorporation.
LLC not only is not tax resident (unless you choose to be taxed as C-Corp) and does not have local director/manager.
All the companies you mentioned have local directors and are tax resident by default in the place of incorporation.
LLC not only is not tax resident (unless you choose to be taxed as C-Corp) and does not have local director/manager.
It’s pretty much the same thing. The countries he mentions don’t necessarily require a local director as a starting point, he can be the director of the company himself.
However, even if you have a local director, that no longer constitutes substance in 2025, and you will still be taxed on the company’s income!
However, even if you have a local director, that no longer constitutes substance in 2025, and you will still be taxed on the company’s income!
As i said in my previous comment unless you substantiate your claims with something more constructive than "i'm right and you are a fool that has been living under a rock for 10 years" what you say doesn't bring any value to the conversation.
What i was talking about was hiring a company that would act as a manager / director by offering "fractional" services like fractional CMO service, fractional CFO service and so on.
For all the people that aren't smart like you and know it all, CMO, CFO, CEO are︀ key roles in a business but startups usually don't have the initial cashflow to hire︁ them (unless injected with venture funds), that's why fractional services are popping up.
Fractional means︂ that you are hiring those key roles for X hours a week for a fraction︃ of what you would be paying them by working for you full time.
A company︄ like that would provide all the substance needed for tax agencies.
It's not some random︅ freelancer on fiver.
Now you tell me on what grounds a tax agency would deem︆ a company to be tax resident in Greece if key roles are hired offshore.
What i was talking about was hiring a company that would act as a manager / director by offering "fractional" services like fractional CMO service, fractional CFO service and so on.
For all the people that aren't smart like you and know it all, CMO, CFO, CEO are︀ key roles in a business but startups usually don't have the initial cashflow to hire︁ them (unless injected with venture funds), that's why fractional services are popping up.
Fractional means︂ that you are hiring those key roles for X hours a week for a fraction︃ of what you would be paying them by working for you full time.
A company︄ like that would provide all the substance needed for tax agencies.
It's not some random︅ freelancer on fiver.
Now you tell me on what grounds a tax agency would deem︆ a company to be tax resident in Greece if key roles are hired offshore.
With all due respect, I was trying to explain OP that the Greek guys won't buy his story with a dude from fiverr. We both agree.
Yes. This would work but probably not within the cash appetite of OP.
Yes. This would work but probably not within the cash appetite of OP.
You are as simple as you are incredibly naive, but go ahead and believe it, and spread your "fantastic" knowledge to these people who have never had any run-ins with the tax system before.
One thing is certain: what you’re suggesting will either land them directly in jail or burden them with massive fines that could, in the worst-case scenario, ruin the rest of their lives. Hope you sleep well.
over and out
One thing is certain: what you’re suggesting will either land them directly in jail or burden them with massive fines that could, in the worst-case scenario, ruin the rest of their lives. Hope you sleep well.
over and out
I agree with @brianK . They're not stupid.
It's clear for everyone here that OP wants to run the company from Greece.
Facts always trump form.
How many hours does that manager work? How much is he paid? How much is the revenue/profit of the company? What is the company's tax residency? Where is the office located? How much is the rent? Where are the employees? What kind of equipment does the business have?
Oh, so it's an Amazon business selling products to US customers for $20M per year, making $1M in profit, but the guy running this works on it only 1 hour per day from Vanuatu, and he is paid $10 per hour?
Wow, OP got really lucky︀ that this talented CEO is willing to work for a salary of $200 a month.︁ Really talented guy, being able to manage a $20M company, creating $1M in profit, but︂ he never thought of it to demand a raise for his talent. Such a humble︃ person.
And of course he hired him from Vanuatu because everyone knows that's where the︄ best CEOs live. It has nothing to do with the fact it's a tax haven.︅
And of course there is no office because the $200 CEO can run it from︆ his mother's basement. And he doesn't even need a company-issued laptop because he does all︇ the work on his mother's computer as well. Makes complete sense!
How corrupt is the︈ Greek tax office? Isn't corruption a big problem in Greece?
Maybe you can make this︉ work if you grease the right people. But if they're really doing their job, you︊ can forget about this.
It's clear for everyone here that OP wants to run the company from Greece.
Facts always trump form.
How many hours does that manager work? How much is he paid? How much is the revenue/profit of the company? What is the company's tax residency? Where is the office located? How much is the rent? Where are the employees? What kind of equipment does the business have?
Oh, so it's an Amazon business selling products to US customers for $20M per year, making $1M in profit, but the guy running this works on it only 1 hour per day from Vanuatu, and he is paid $10 per hour?
Wow, OP got really lucky︀ that this talented CEO is willing to work for a salary of $200 a month.︁ Really talented guy, being able to manage a $20M company, creating $1M in profit, but︂ he never thought of it to demand a raise for his talent. Such a humble︃ person.
And of course he hired him from Vanuatu because everyone knows that's where the︄ best CEOs live. It has nothing to do with the fact it's a tax haven.︅
And of course there is no office because the $200 CEO can run it from︆ his mother's basement. And he doesn't even need a company-issued laptop because he does all︇ the work on his mother's computer as well. Makes complete sense!
How corrupt is the︈ Greek tax office? Isn't corruption a big problem in Greece?
Maybe you can make this︉ work if you grease the right people. But if they're really doing their job, you︊ can forget about this.
Yes that was clear from the beginning.
C'mon i wasn't talking︄ about that kind of $hit.
We are talking about substance since ages so i thought︅ that a company that enters into a company directorship contract with OP's offshore company by︆ offering CMO, CFO, CEO services for a percentage of the profits could work.
C'mon i wasn't talking︄ about that kind of $hit.
We are talking about substance since ages so i thought︅ that a company that enters into a company directorship contract with OP's offshore company by︆ offering CMO, CFO, CEO services for a percentage of the profits could work.
With all due respect @JustAnotherNomad but I always thought that you were a better business man than running at 5% profit.
Luckily Satoshit did not dislike me here.
We would have to ask OP how much is annual profit is.
We would have to ask OP how much is annual profit is.
I just found a very cheap, good and save way to hide the cash. @troupos13 what annual profit are you hiding?
Depends on what OP's budget is. If it's supposed to be believable, there will be significant costs.
I also don't really see why a US LLC would be so interesting then. OP could simply use a local company from the country where the company is being managed.
I also don't really see why a US LLC would be so interesting then. OP could simply use a local company from the country where the company is being managed.
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