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  1. X

    Considering setting up an offshore company to legally optimize taxes

    The salary exemption rule is called "ettårsregelen". He would have to stay in Switzerland 3 years, as one stays tax resident in Norway 3 years after moved out. He could chose to move to another tax free country and keep paying norwegian wealth taxes. Depending on the amounts, it might not be...
  2. X

    Considering setting up an offshore company to legally optimize taxes

    Not clear what you mean by that, but as I explained, to avoid wealth tax in Norway you need to use a tax treaty with another country that also has wealth taxes.
  3. X

    Considering setting up an offshore company to legally optimize taxes

    For Norway there are some important aspects you need to consider. If you have lived in Norway more than 10 years, you will stay tax resident for at least 3 years after you have moved out of Norway. To avoid having to pay Norwegian tax you can use a tax treaty. If you currently are paying wealth...
  4. X

    US LLC bank account non resident which state?

    Some banks require it to be registered in the same branch, and some banks require it to be registered in a state where they have branches.
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    Are we completely deluded in thinking this could work ?

    How to do this in the UK? With regards to: "This means if the place of the highest form of control and direction over a company's affairs, as opposed to decisions on the day-to-day running of the business, is in the United Kingdom."
  6. X

    How are Panama companies faring these days?

    Feie is not only for foreign employers. If you own a foreign company you have to report it to the IRS and pay taxes depending on the types of income, subpart F or GILTI. You need to contact a US tax professional to investigate this.
  7. X

    Are we completely deluded in thinking this could work ?

    Is it enough to hire workers in the other country? The company might still be UK tax resident. From PWC: "companies incorporated overseas are also treated as UK tax resident if their central management and control is situated in the United Kingdom. This means if the place of the highest form of...
  8. X

    How are Panama companies faring these days?

    Why not a US C Corp, might be the easiest? And can still use the feie.
  9. X

    Planning US visit for bank

    Do you need a bank account? IB says they accept deposits from owners/manager of a LLC. But not sure if you can withdraw to an owners account.
  10. X

    tax resident but not allowed to be permanent resident possible?

    Tax residency has nothing to do with permanent residency. Look into Asian countries, can be very difficult to become PR, while tax residency has totally different requirements.
  11. X

    Are There Any Real Alternatives to Mercury Bank for Non-Resident US LLCs?

    You don't mentioned if you can travel to the US to open, or if it must be done remotely. If you travel to the US there should be many options and different branches you can try.
  12. X

    PayPal business account without actually having a business?

    You can have a PP business account opened under a sole proprietorship. Not sure if that's what you're asking.
  13. X

    Labuan Company Experience

    The extention of the exception to 2036 refers to income that is remitted to Malaysia (with some requirement). Foreign source income that is not remitted to Malaysia is never taxed (unless this changes).
  14. X

    Question 700 EUR to exchange USDT to BTC or ETH !! CHOCK!!

    How do you have EUR in USDT?
  15. X

    Labuan Company Experience

    Another articles says labuan entities will be exempt (as will foreign entities).
  16. X

    Labuan Company Experience

    From next year Malaysia will start with a 2% tax on dividends, which would affect you if you take dividends from the labuan company. Making the total tax in labuan roughly 5% if you pay our the profit as dividends.
  17. X

    Labuan Company Experience

    Ok, you said the 250k deposit for the EP based on this FAQ. But we can just disregard this info then, and hear from OP that have actually done this recently.
  18. X

    Labuan Company Experience

    Interestingly from the FAQ they state:
  19. X

    Labuan Company Experience

    Is this the case now? Long time ago it was not necessary in Labuan, then it became required some time (8-10 years ago?) Then it was no longer required when the substance requirements started. And now it's required again? How does the e-invoices work when you invoice foreign clients? How long...
  20. X

    Labuan Company Experience

    Are you sure that immigration are looking at what part of this is salary and what part is directors salary? I'm asking because agents told me that the tax office can adjust the ratio of salary/directors salary depending on the actual circumstances. And the immigration and tax department might...

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