Optimal Setup for a Digital Company
- Thread starter Gante
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You should consider to move to a 0% Personal Income Tax Country like Dubai or Panama - both jurisdictions have the Benefit that you have minimum stay requirements of 1 day every 6 Months in Dubai and 1 day every 3 Years in Panama.
Depending on your requirements you can go for a 0% Tax Panama Offshore Company or a US LLC - as you figured already yourself with US LLC things are not so clear when US clients coming even - even when people in practice still get away with it.
0% Tax Dubai Residence as Employee with a Salary and some local Substance like Utility Bill and local Personal Bank Account with either a US LLC or 0%︀ Tax Panama Offshore Company is a perfect fit for what you looking for.
A lot︁ of people are just living on EU Passport in some s**t hole in Asia or︂ South America with US LLC an its working for them till its no longer working.︃
As you are from a EU Country with Aggressive Home Country Tax Authorities I would︄ always go for Jurisdictions you can build more Substance or have more Substance already in︅ place right away.
Think about future as well - investing or spending your Business Profits︆ further - you can't open serious Investment Accounts for serious money with a Visa run︇ every here and then in Thailand or Indonesia etc.
Depending on your requirements you can go for a 0% Tax Panama Offshore Company or a US LLC - as you figured already yourself with US LLC things are not so clear when US clients coming even - even when people in practice still get away with it.
0% Tax Dubai Residence as Employee with a Salary and some local Substance like Utility Bill and local Personal Bank Account with either a US LLC or 0%︀ Tax Panama Offshore Company is a perfect fit for what you looking for.
A lot︁ of people are just living on EU Passport in some s**t hole in Asia or︂ South America with US LLC an its working for them till its no longer working.︃
As you are from a EU Country with Aggressive Home Country Tax Authorities I would︄ always go for Jurisdictions you can build more Substance or have more Substance already in︅ place right away.
Think about future as well - investing or spending your Business Profits︆ further - you can't open serious Investment Accounts for serious money with a Visa run︇ every here and then in Thailand or Indonesia etc.
This tbh ^
Also, Paraguay can be a thing because you get a tax certificate in︉ a really short amount of time, however you still need to respect the requisites imposed︊ by the French Tax Authorities.
You better move to a place where you can also︋ take citizenship in the near future (Panama/Paraguay through naturalization).
Also, Paraguay can be a thing because you get a tax certificate in︉ a really short amount of time, however you still need to respect the requisites imposed︊ by the French Tax Authorities.
You better move to a place where you can also︋ take citizenship in the near future (Panama/Paraguay through naturalization).
Delaware company with some sort of EMI banking for US companies may be the solution︄ for you. I have no clue about which banking people are using for a US︅ company these days.
Not sure if there are options on this list of EMI's and︆ if they open accounts - https://www.offshorecorptalk.com/th...the-world-plus-a-bonus-challenger-bank.35959/
otherwise speak with @yngmind
Not sure if there are options on this list of EMI's and︆ if they open accounts - https://www.offshorecorptalk.com/th...the-world-plus-a-bonus-challenger-bank.35959/
otherwise speak with @yngmind
Yes, as a French citizen you can form a Delaware LLC without issue. Use a reputable agent like Harvard Business Services or IncNow. For digital sales outside the U.S., the LLC is pass-through (no U.S. tax) if managed correctly, but get proper tax advice. Consider alternatives like Estonia, UAE, or Wyoming depending on banking and VAT needs.
On what do you base that only 1 day in 3 years in Panama gives you a tax residence in Panama? To keep residency to live the requirements are very low, but for Tax residency the bar is much higher: 183 days or prove the tax authorities that you really liver there.
Here a lawyer from︀ Panama who talks about the difference.
If a person isnt 183 days in the country,︁ he should have a permanent home and prove material links to it. In many cases,︂ the DGI requests for example tuition receipts from the children’s schools to prove that they︃ study at national schools, that is, not only is having a real estate property in︄ his or her name, but proving a link with it.
https://fmm.com.pa/tax-residence-in-the-republic-of-panama-2/
Here a lawyer from︀ Panama who talks about the difference.
If a person isnt 183 days in the country,︁ he should have a permanent home and prove material links to it. In many cases,︂ the DGI requests for example tuition receipts from the children’s schools to prove that they︃ study at national schools, that is, not only is having a real estate property in︄ his or her name, but proving a link with it.
https://fmm.com.pa/tax-residence-in-the-republic-of-panama-2/
Haven't said anything︂ about Tax Residency with 1 day stay every 3 Years - I mentioned that both︃ - Dubai and Panama - are 0% Personal Income Tax Countries and to keep the︄ Residence Visa active you have to be every 6 Months or every 2/3 Years for︅ 1 day inside the Country - obviously that doesn't give you a Tax Residence Certificate︆ and it's up to you to build Substance if that's what you want - some︇ People just want to have a Residence Card, local Phone No. and a Utility Bill︈ to open Bank Accounts either local or international or have already a fully fledged Tax︉ Residence in place.
This topic has been discussed back and forth already here in the︊ Forum - even back then with Dubai and when we did provide the service with︋ DLS Dubai.
Still it's good you mentioned it so new people to this topic can︌ take note of that point as well - sometimes if your are for too long︍ already involved in the Offshore World you take some things as self explaining already.
This topic has been discussed back and forth already here in the︊ Forum - even back then with Dubai and when we did provide the service with︋ DLS Dubai.
Still it's good you mentioned it so new people to this topic can︌ take note of that point as well - sometimes if your are for too long︍ already involved in the Offshore World you take some things as self explaining already.
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