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this is a tricky one. Maybe set up a US LLC in New Mexico or something, with a fake name, as they don't ever check for ID or anything. Then have that LLC buy out your IBC shares. Then detach yourself completely from the LLC like it never existed under your watch!

My experience with France and owning an SAS is that it's not that bad admin wise. If I break down my costs (accounting + domiciliation), I'm at around 120 EUR a month. Then for Banking another 20 EUR a month. If I were to do this elsewhere, my fixed costs would be higher and so tax savings won't...

Hello - I am resident in France and I own a local LLC here (SAS). I now want this SAS to own (with other foreign partners) a company that will do some very niche physical commodity trading - essentially it's an import/export business but with commoditized products. I (or my SAS rather) will be...

just a thought but if your LLC is for cosmetic purposes only, no need for bank account etc. and you don't have an EIN, then maybe you just close this LLC through the proper NM stage channels and then set up a new one, but use a different registrar and also as they never check ID or anything...

I understand that you are not resident, so I'm not 100% sure this will work but you can now do it online: ONe-key: Secure access to Ontario Government programs and services I am a dual Citizen with Canada, but non resident myself. In the past I had to go physically to the provincial office to...

So there is no fundamental difference between a SAS and a SASU. It is just a single shareholder vs multiple shareholder type thing. However if you have a business and you need to raise capital or some other finance, some investors/lenders are more comfortable in investing in a company with more...

Exactly. Simply put, What Saudi Arabia is to Alcohol, Switzerland is to Cars and Driving. Near 0 Tolerance culture and I believe doing double the speed limit is a criminal offense there, not a civil one. So seems Switzerland just applied their law and nothing else.

I set up an SAS (i.e. French LLC) in France about 6 months ago. I am resident in France and while I hold dual nationality, in order to simplify my life I chose to set up here. Things like France being a tax-hell, while not a myth, are exaggerated in my opinion. My SAS has dual purpose: a Holding...

So I need to set up in France (as I am tax resident here) and the business that I'm operating is import/export oriented and needs decent banking (i.e. real bank, no EMI). But I am also a salaried employee and so I want to keep my exposure on the company registrar somewhat minimised. Of course of...

With regards to your 9-5 and risk of losing unemployment benefits: in France it's similar, however being the UBO does not disqualify you from unemployment benefits, as long as you paid into the system through your employment. It is only if you are the UBO AND a salaried employee of your...

We are open to setting up in France, but given that Luxembourg has a convenient cargo airport and good network of logistics suppliers, we thought it might be of interest. From our research, much of our supply is likely coming from places like Belgium, Netherlands, Poland and Czechia, so we...

Just wanted to see if anyone here does a little parallel trading or import/export of controlled products such as alcohols and spirits? I am a resident in France and my business partner is sort-of resident in France, but he works for a foreign embassy. We essentially are looking to buy various...

Yeah I am thinking the same. As regulations on Tax Havens get more complex, only the powerful and the wealthy (who likely already do not pay their fair share in taxes!) will be able to set up such structures and get away with it. This will just make our unequal societies even more so. Bitcoin...

So it's essentially a side hustle - for the most part, it's online consulting and clients are mainly EU based. But in addition, I want to use this same structure to occasionally do some small time import/export trading (mainly foodstuff from Europe) with Middle East/Asia. So I would like some...

Thanks for this - was originally considering the US LLC, but did not think about the UK LLP. This might be of interest and will look into it. Thanks for the tip

Hello all - I'm a resident in France and a salaried employee at a regular 9-5 job type thing. I have some occasional side activities that can generate some income (inconsistently, so some months there will be good cash coming in and other months, there may be nothing sort of thing) for mainly...