Double taxation

[Cazorla]

Hello everyone,

I am planning to open a US LLC. I googled "countries with the double tax treaty with the USA" and my country is not on that list. Is that a disadvantage for my country (and myself) ? If that is disadvantage, is there a solution for that, like maybe opening a bank account in some other country which is on this list? My original plan was to set up a US LLC and after that to set up a company in my country. So can I still do that, but also having another bank account in third country (which is on the list) ? Can someone help me out with this, I dont know if any of this makes sense.

Thank you

 

[Martin Everson]

Cazorla said:
I am planning to open a US LLC. I googled "countries with the double tax treaty with the USA" and my country is not on that list. Is that a disadvantage for my country (and myself) ?
Click to expand...

Yes as you could end up being taxed twice when no agreement is in place.

Cazorla said:
If that is disadvantage, is there a solution for that, like maybe opening a bank account in some other country which is on this list?
Click to expand...

No

Cazorla said:
My original plan was to set up a US LLC and after that to set up a company in my country. So can I still do that, but also having another bank account in third country (which is on the list) ?
Click to expand...

Yes

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Cazorla]

What if I select my US LLC to be taxed as C-corp and flush all of my profit from US LLC to my home country company before end of tax year?

 

[Martin Everson]

You need someone else here with knowledge or experience of US companies to answer that. Anything US related to that area is beyond my competence.....sorry 😕.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Cazorla]

Alright, thanks anyway for helping out. I will try to find it out.