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I manage the US LLC from abroad. Do you think independent contractors in Slovakia who don't work only for me are considered as having operations in Slovakia? And If Yes can I pay them from EU company so US LLC doesn't have operations in Slovakia? Thanks Last edited: Nov 22, 2023

Slovak tax autority told me that single member US LLC pays tax like V.O.S in Slovakia which Translates to Publicly Trading company. First we need to Calculate tax base depending on profits, expenses and social contributions and then i looked up V.O.S is taxed at 19% From this tax base. Where did...

Have you figured out How this works and Whats the Best way to structure US LLC and Estonia OU company? Thanks

They don't accept registered agent address with mail forwarding. They want operational address with proof of utility bill for example. Yes this is a good idea. I was thinking about setting up multiple personal bank accounts in Asian countries and sending money to the tax limit. For example in...

I understand that about personal bank accounts but what operation address you put on business bank account? Also which country would you choose for this setup in South East Asia? In Thailand I can only live off of savings starting the next year right? Could Philipines work? In central Asia you...

Yes that's what im considering to move my tax residency to one of these countries. What would be the best way to do it? Set up a home in territorial tax country and use that address on 5472 form and also bank account as your operational address? Also how about paying yourself a small salary from...

What is not compliant about my setup?

I own both US LLC single member disregarded entity and Estonian OU company and I sell mostly to EU customers. I'm Slovak citizen and tax resident but living mostly in SEA. I'm cutting ties with Slovakia this year and figuring out where to move my tax residency. What would you suggest? Also how...

Well I'm Slovak citizen and Im still considered a tax resident cause I didn't move my tax residency anywhere else yet. For the past 2 years I travel around SEA mostly. I would like to get a new residency that would make sense in my situation. I don't want to live in EU. I like SEA.

I have Estonian OU company and US LLC disregarded entity single member and I'm Slovak resident. What would be the best way to structure it? Do I need to get a different residency? I don't live in Slovakia or EU in general. Most of the year I'm in SEA. Thanks

is there any update How UAE will tax single member US LLC?

Thank you very much for great responses. I already have EIN for US LLC. Do you think I also need TIN in Slovakia for tax purposes? It's called DIČ. Or will I be able to tax the US LLC without it in Slovakia? I believe Slovakia will cancel my tax residency only If I have tax residency somwhere...

S.R.O in Slovakia is the same like LLC in the US. I already operate as a sole proprietor in Slovakia (SZÄŒO) which has acceptable tax until you want to scale your business. That make sense. Yes I pay personal income tax from SZÄŒO but I wonder how is it gonna work with the US LLC. Do you...

Yes I'm tax resident in Slovakia Im sorry about the confusion. Thanks for the tip. Can I have contractors in Slovakia? I sell to Slovakia and Czech Republic and currencies are EUR and CZK so I think I cannot avoid paying 20% VAT legally. I would like to legally avoid Corporate income tax...

Yes my clients are okey with that. I'm more worried that I will have trouble setting up companies in different countries If I have a residency in low prestige country. This is interesting. I've never heard someone recommending african countries to get residency. What's the best way to get it...

I want to do it legally of course otherwise I will rather pay all taxes. This is a good idea although I've heard that If you get residency in countries like Panama other countries might not want to do business with you in EU for example. Do you know which country with territorial taxation has...

Hello folks, I'm currently forming US LLC in Wyoming as non-resident and I sell digital products and coaching in Czech and Slovak market. My residency is in Slovakia but for the past year and half I've been traveling around the world outside of EU. My question is how can I legitimately avoid...