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  1. OffshorePhantom

    Wyoming LLC to change it to anonymous

    You have to use that company or use some sort of nominee services for a new US LLC with all the headaches that could come with that. Also getting a new password for example from a CBI program could help in your case.
  2. OffshorePhantom

    HONG KONG VS DELAWARE LLC for dropshipping

    You are not ETBUS just for having clients in the US. To be ETBUS you would need facilities in the US, employees etc. If you manufacture and ship from South America, you provide service from there and there is no ETBUS. I do not suggest you switch your US LLC to Hong Kong, it will only create...
  3. OffshorePhantom

    Interactive Brokers - Corporation or Disregarded Entity

    The answer for question 1 is indeed A, since it is a Corporation like it has been suggested. The answer for question 2 should be No since there is no tax treaty between USA and St. Lucia (United States - Corporate - Withholding taxes) so you cannot claim any tax benefits allowed be the...
  4. OffshorePhantom

    Best Offshore Country and best Bank for High Risk (Adult)?

    There are some solutions in Europe if you want to pay less like Malta's 5% real CIT or even cheaper but you need to relocate for example to a tax-free country or a territorial tax country. Opening an offshore company and managing it from Romania is not a viable solution in the long run, because...
  5. OffshorePhantom

    Best Offshore Country and best Bank for High Risk (Adult)?

    Why have you formed a UK company if Romania CIT is even less than UK CIT? You could also exploit Romania micro-company benefits which have recently changed (Romania: micro-enterprise income taxation in 2023 - KR Group). I suggest you taking a look at those :)
  6. OffshorePhantom

    UAE clarification of Freezone Qualifying Income

    That's the point. How could you rely on a state which from one day to another could completely change the rules and cancel all past guarantees? I see PIT coming in the next 5-10 years; it won't be like in high-tax Western countries but again it was already a trade-off to live in a desert to...
  7. OffshorePhantom

    Best Offshore Country and best Bank for High Risk (Adult)?

    The problem with creating an offshore company is that if you manage it from the UK for example the company is considered by the HMRC as a UK company for tax purposes so it won't solve your problems. If you want to create a company in an tax heaven that is effectively tax-free you have to give...
  8. OffshorePhantom

    UAE clarification of Freezone Qualifying Income

    Just google articles of government-owned medias till 2022 and before corporate tax was announced, there is plenty of them (now a lot of information has disappeared, probably being deleted to remove proof of the backstab). Those free zones are regulated by the government so they can offer those...
  9. OffshorePhantom

    Offshore to Freezone possibility in Dubai

    What kind of firm do you want to establish? If it is a local firm which will serve the local market a mainland company would be more suitable. Free zone companies nowadays do not have lots of advantages with respect to mainland companies (unless some clarifications that prove otherwise would be...
  10. OffshorePhantom

    Offshore to Freezone possibility in Dubai

    Also creating an offshore company in UAE and then converting it to a free zone company is generally not possible. You would have to close your offshore company and open a free zone company from scratch. Offshore UAE companies are pretty much useless (maybe the only advantage is holding some...
  11. OffshorePhantom

    UAE clarification of Freezone Qualifying Income

    It was advertised by the free zones in agreement with the government. With UAE 9% CIT and accounting requirements there are other options that become more attractive like for example Malta's 5% effective CIT (and also better tax-treaty agreements and not seen as a tax haven by EU, EUR based)...
  12. OffshorePhantom

    UAE clarification of Freezone Qualifying Income

    What a mess, the only real good thing this desert had were free zones with a straightforward 0% tax environment - no question asked. When you opened a free zone company they advertised it as a 50-year 0% tax entity guaranteed by the free zone authority and now we see this huge chaos. UAE seems...
  13. OffshorePhantom

    Permanent Establishment rules UAE, with new CT on Companies

    Better make sure I receive those invites and also participate in the cocktail party then :p
  14. OffshorePhantom

    Freelancer Italy tax+socials 4.3%

    I know some Italian friends who worked abroad and then come back to Italy with this incentive and it worked for them (even better if you move to the souther regions of Italy), but better watch out for all the requirements!
  15. OffshorePhantom

    Permanent Establishment rules UAE, with new CT on Companies

    You are right @Marzio, but reality in Italy it is a little bit different, trust me :D They will not claim you tax resident in Italy if you do not spend time there and do have anything there. In my example I was saying also that if you stay in Costa Rica the whole year and have an house there...
  16. OffshorePhantom

    Best country of incorporation for a SaaS business with partners

    Yes, in fact I put an OR in my sentence :) FDAP income for example is royalties, dividends etc and it is subject to WTH tax so both the US source income connected with an effective trade or business in the USA but also FDAP income are subject to taxation in USA.
  17. OffshorePhantom

    Best country of incorporation for a SaaS business with partners

    I have specified in my answer that you should not be engaged in a US trade or business, namely having a US facility or employees or have FDAP income and in this case, the taxes transparently are passed on to the US LLC members since the LLC is tax transparent. The setup with a single member...
  18. OffshorePhantom

    Best country of incorporation for a SaaS business with partners

    If the US LLC is a disregarded entity it is tax transparent and the tax burden is passed directly to its members, thus it will not pay any taxes in the USA if the sole member is a foreign individual or company. It will pay taxes in the USA only if it has FDAP income or workers and facilities in...
  19. OffshorePhantom

    Permanent Establishment rules UAE, with new CT on Companies

    He may have sweared this but on the contrary, I know a lot of Italians in UAE for example who do not have a permanent address, namely they move from one hotel to another. Also in UAE you can even go to the Italian embassy and give them the address of your friend's house without showing them...
  20. OffshorePhantom

    Permanent Establishment rules UAE, with new CT on Companies

    Exactly, this guy probably hasn't cut ties correctly with Italy and the Italian "Agenzia delle Entrate" is aware of some income stream (maybe even Italian based). I also know a lot of Italians people who are not registered to AIRE formally but stay away from Italy since they live abroad and it...

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