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LLC Delaware VS Dubai company - 100% Online Business
No in Delaware, accounting is also mandatory. Be careful about what you read on the Internet: to fill form 5472, you definitely need to maintain proper accounting and so the IRS could asked your financial statements. About accounting in Dubai, you can do it by yourself using an app like ZOHO...- fbsworld
- Post #18
- Forum: Offshore Company
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Corporation vs. Foundation
Foundation is a "tool" that should be seen as a super holding used for asset protection and succession planning. Usually the beneficiary is different from the founder but you can stated in your bylaws what you want. KYC for banks concerning foundation can be tricky so be aware of that when...- fbsworld
- Post #3
- Forum: Offshore Company
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Is USA the ultimate stealth offshore jurisdiction for non-US citizens?
If you have an single-member US LLC, you have to fill every year this form: https://www.irs.gov/pub/irs-pdf/f5472.pdf So you definitely have to submit detailed information about you and your transactions. Do not mixed the Registry and mandatory tax returns!- fbsworld
- Post #18
- Forum: Mentor Group Gold
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Economic substance in HK?
Have look to IRD : A Simple Guide on The Territorial Source Principle of Taxation in order to understand taxation in HK. To make it simple, if you have a private office, employees, clients, suppliers, etc. located in HK, for sure the IRD will consider you have to pay profit tax.- fbsworld
- Post #11
- Forum: Offshore Company