It looks like nice. How about taxation and do you have any company formation company recommendation?
Which Company Type for Transferwise Business Account?
- Thread starter rowena
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Taxation depends on the kind of the business, an LLC with only one owner is a disregarded entity so the taxation goes to the owner which means foreigners does not pay taxes in the US for services that doesn't include US connections, for example if you are a designer you can sell services online to US people or people around the world and you won't pay taxes in the US (but you need to fill annual documents in the IRS)
I'm not sure if I got this right "do you have any company formation company recommendation?" but if you mean a company to form the company then I will suggest northwestregisteredagent since is the one I use
Thank you very much, that part is clear.
So it's basically like in any other country, but do you know how often they check such records or know about one who had to provide such record to the tax office?
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I haven't heard of someone who had been required to show the accounting, I read long ago that most of the time the US doesn't care about LLCs owned by a single foreigner since they probably won't get taxes from you and they just take care on big LLCs where they could take a slice of money but I don't know if that's true
Here's more info for all states if anyone needs: LLC Annual Fees by State - All 50 States | LLC University®
For Wyoming it seems $100 for formation and $50 yearly recurring cost, also annual filing obligation to the WY Secretary of State
| Wyoming LLC | $100 | $50 minimum | Annual, anniversary month | WY Secretary of State, Annual Report |
But they don't have the same privacy and accounting rules like the New Mexico corps have is that correct?
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What's the business type ? I applied with TW using my travel agency business ltd that i incorporated in the uk in 2020, account deactivated straight away and appeal refused.
Now that the UK is out of the EU, I understand you don't need to charge VAT for transactions outside UK, right ?
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This company will receive payments from Google.
Yes it should be like that. Google based at Ireland.
It depends on the company type in the UAE. All of them different documents: Mainland companies, FZ companies, offshore companies, etc...
What documents do you feel would be needed if the UAE partner of the UK LLP was a RAK ICC (offshore). Due to TW changes need to re-structure.
Thanks
H
I tried to call them and wrote to their e-mail but nobody answered. May be they have been closed forever ?
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