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  1. W

    Is the information of your US LLC shared with your country of residence?

    This is what has worked for me for a long time. I agree that is possible for the US to share tax information which is why I also use second citizenship. I will my experiences to myself for now on.
  2. W

    Is the information of your US LLC shared with your country of residence?

    Reporting requirements are different if the LLC is a pass-through entity, the assets held in the LLC are US-situs, and if there is income derived from the US. The IRS site has the details on reporting requirements. The US does not share tax information unless they receive a request. As stated...
  3. W

    Interactive Brokers requests for LLC business account

    As long as you do not have any US based income and do not own US situs assets there is no need to file any tax forms. For citizenship I provided a certified copy of my passport and for residency it was bills and credit card statements showing my Thai address.
  4. W

    Living in Thailand , Which Jurisdiction is best for company registration except Dubai ???

    I would research more and talk to a US tax expert that specializes in dealing with offshore issue.. South Dakota is well know for their privacy protections. When I researched it South Dakota, Nevada, New Mexico and Wyoming are consider good locations for a LLC.
  5. W

    Living in Thailand , Which Jurisdiction is best for company registration except Dubai ???

    US LLC in Nevada or South Dakota as long as you do not have any US situs assets and do not have US-based income there is no US tax. The US does not participate in CRS.
  6. W

    Interactive Brokers requests for LLC business account

    Yes
  7. W

    Some Europeans are barely surviving?

    I thought this is what they wanted? Welcome the new green, woke, socialist world.
  8. W

    Some Europeans are barely surviving?

    I thought this is what they wanted? Welcome the new green, woke, socialist world.
  9. W

    Interactive Brokers requests for LLC business account

    In today's world I tend to be extra cautious. I had an account in my LLC name for 10 years with TD Ameritrade. I mentioned to my account manager that I was thinking about changing citizenship and then they locked my account and kicked me out.
  10. W

    Interactive Brokers requests for LLC business account

    I am not an expert so I can't give a recommendation. It really depends on your citizenship, tax home and how well you can pass the KYC. I am reluctant to give a specific name but I was able to open 2 accounts with major US brokerages. This process was assisted by my financial advisor and I...
  11. W

    Interactive Brokers requests for LLC business account

    If you do not have a bank account titled in the name of the LLC, your money will be stuck. I had to open an account at a different brokerage and transfer the assets. Not true. I was able to open an account at a large US brokerage. They allow me to transfer money and send payments to 3rd party...
  12. W

    Interactive Brokers requests for LLC business account

    Find another brokerage. I had a LLC account with them and then when I tried to pay bills or transfer money out the refused as the will only allow a transfer to another bank or account that has the same LLC name. Their service was terrible too.
  13. W

    thinking to move to south korea

    I can't find a way to PM you with my email address. If you can please send me a PM with your email address and we can find a way to talk. I have been in Seoul for more than 15 years.
  14. W

    thinking to move to south korea

    Korea has very high taxes and taxes global income. The government has implemented many restrictions on real estate this year in a bid stop the rapid rise in apartment prices in the Seoul metro area. Capital gains are not taxes but they will be starting in 2022. The taxes on income, interest...
  15. W

    What happens if you just don't pay taxes?

    Taxes are now based on tax residency and likely the US will claim he is a US tax resident even if he is in the US illegally. They could flag him for suspicious transactions and request information regarding the source of his money and his world wide income. The US taxes global income so it is a...
  16. W

    EMIs for relocating to Thailand

    Their fees are very steep, not happy about it. Yes I passed the KYC and they mailed it to my Thailand address. I am not a EU citizen and do not have an EU address.
  17. W

    EMIs for relocating to Thailand

    I have tax residency in Thailand and was able to open a Crypterium account and I have been using their card successful for ATM withdraws.

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