HK LLC vs USS LLC

[banafinfodafuggiano]

Which one is better and why? I run an ecommerce business and provide consulting services too.

70% of clients are from EU/AUS/NZ and 30% are from the US


I'm looking to have as many EMIs and bank accounts as possible and also I need to be sure everything is done legitimacy.
what is better? US LLC or HK LLC and why?

 

[Marzio]

banafinfodafuggiano said:
what is better? US LLC or HK LLC and why?
Click to expand...

There are some informations missing like:
- who is performing the work
- where is tax resident who is performing the work

Beside that HK could be run tax free only if you receive foreign sourced income but if your definition of FSI is "my clients aren't from HK" then you have a big problem.

 

[banafinfodafuggiano]

Marzio said:
There are some informations missing like:
- who is performing the work
- where is tax resident who is performing the work

Beside that HK could be run tax free only if you receive foreign sourced income but if your definition of FSI is "my clients aren't from HK" then you have a big problem.
Click to expand...

All the work is done by myself and my contractors based in the PHILIPPINES.

I will be tax resident of Thailand soon.

100% of income is foreign of Hong Kong.

 

[FDS ADS]

The USA is excellent, but you need to pay tax for US source income. Contrary to this, HK is tax-free if you work outside of HK but must run an annual audit.

 

[Marzio]

banafinfodafuggiano said:
I will be tax resident of Thailand soon.
Click to expand...

Well think twice about your new tax residency

https://www.offshorecorptalk.com/th...abroad-for-tax-residents-starting-2024.42680/

banafinfodafuggiano said:
100% of income is foreign of Hong Kong.
Click to expand...

It remains to be see if HK will accept that your "foreign sourced income" isn't taxed anywhere else.

I don't even comment on you performing the work in Thailand and creating a PE in Thailand.

 

[banafinfodafuggiano]

Marzio said:
Well think twice about your new tax residency

https://www.offshorecorptalk.com/th...abroad-for-tax-residents-starting-2024.42680/


It remains to be see if HK will accept that your "foreign sourced income" isn't taxed anywhere else.

I don't even comment on you performing the work in Thailand and creating a PE in Thailand.
Click to expand...

Thanks, I am no longer pursuing Thailand after reading all these posts, Malasya or Dubai here I come...

 

[thomasparra]

banafinfodafuggiano said:
Thanks, I am no longer pursuing Thailand after reading all these posts, Malasya or Dubai here I come...
Click to expand...

HK would make sense if you can get a visa, or even if you live in Malaysia and run the HK company from there. Worst case scenario you only pay 8.25% tax up to 235k USD in profit in HK, in the event you can't justify offshore exemption. Definitely not bad. Dubai could make sense too obviously.

 

[FDS ADS]

thomasparra said:
HK would make sense if you can get a visa, or even if you live in Malaysia and run the HK company from there. Worst case scenario you only pay 8.25% tax up to 235k USD in profit in HK, in the event you can't justify offshore exemption. Definitely not bad. Dubai could make sense too obviously.
Click to expand...

Delaware is also an option, if no business activity in USA.