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Panama tax residency w/US C-Corp
That's what I thought initially to do. But from what I understand it works well for low gross companies let's say under $200K/year. If you have a multi-milliion dollar company generating millions of dollars from US-based customers, it would be a bad move. So in my case, it's risky, because all...- reelay
- Post #4
- Forum: Tax, Accounting, Licensing & Legal
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Panama tax residency w/US C-Corp
Polish citizen, planning on moving to Panama (friendly nations) and operating my US C-Corp (digital marketing agency) out of Panama. All of our clients are in the USA btw. I found conflicting views about foreign income in Panama not being taxed. Some say it is taxed if the work performed for...- reelay
- Thread
- Replies: 44
- Forum: Tax, Accounting, Licensing & Legal
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Best Easy & Safe EU Bank to park $100K
Will check it out, thanks!- reelay
- Post #18
- Forum: Offshore Bank & EMI Accounts
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Best Easy & Safe EU Bank to park $100K
Yeah, I'm not feeling too secure and comfortable with keeping $100K in Wise account even tho their rates seem pretty good but the risk is not worth it. Looking for traditional banks, non-fintech- reelay
- Post #14
- Forum: Offshore Bank & EMI Accounts
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Best Easy & Safe EU Bank to park $100K
Thanks for the recommendations! Swissquote looks interesting, are they solid? Seem like a combination of trading platform offering banking solutions? I also saw a CIM Banque in Switzerland but has crazy fees... Perhaps I'm trying to find a unicorn that doesn't exist I thought about it...- reelay
- Post #13
- Forum: Offshore Bank & EMI Accounts
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Panama vs. UAE Residency: Is Panama Still Worth It?
Are you sure about the " exclusion so that foreign-sourced income is exempt even if the mind and management here" I was doing a lot research about it and looks like you do need to pay tax on foreign income if the work was performed in Panama. For instance, if you still actively managing your...- reelay
- Post #88
- Forum: Tax, Accounting, Licensing & Legal
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Best Easy & Safe EU Bank to park $100K
Noted! I heard that EU banks don't like Americans and it's hard to open.- reelay
- Post #3
- Forum: Offshore Bank & EMI Accounts
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Best Easy & Safe EU Bank to park $100K
Need to diversify. Looking to park 6 figure number in a low-fee AAA bank (Poilsh citizen & resident) previous USA resident Current savings are in USD parked in the USA bank at 4% APY. (which is awesome, however I'm worried that I'm not a resident there anymore and can't really keep it like...- reelay
- Thread
- Replies: 31
- Forum: Offshore Bank & EMI Accounts