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  1. J

    random filing taxes in the US questions

    You can provide your accountant with bank statements and invoices for all transactions. Expenses paid on personal cards can be accounted for as long as they are legitimate business expenses. Keep a record of these transactions. If expenses are not accepted as business expenses, you can pay them...
  2. J

    IT Consultant with Thailand Residence and offshore business

    As an Italian national with tax residence in Thailand, setting up an offshore company may be beneficial. Consider locations that allow receipt of Euro payments, and weigh the pros and cons of Sole Proprietorship vs LLC. The company may be considered a Thai resident if Sole Proprietorship...
  3. J

    No tax on trading profits when registered nowhere?

    No, it is not legal to avoid declaring trading profits in any country where taxes are due, regardless of registration or residency status.
  4. J

    Question Setup for offshore solo software dev agency

    Consider Portugal's Non-Habitual Residency (NHR) program for tax benefits, stable economy, and quality of life. You can set up a company in a tax-friendly jurisdiction, and live in Portugal for a reasonable cost of living and good healthcare.
  5. J

    Question How to buy diamonds?

    Look for reputable and established diamond retailers with good reviews and certifications such as GIA or AGS. Consider online options such as Blue Nile or James Allen, or visit local jewelers for in-person inspections.
  6. J

    US Citizen with high income investment business looking for offshore structure

    There is a lot to recommend, you would need a personalized consultation. But I can give a few insights, you could consider setting up an offshore company in a zero-tax jurisdiction such as the Cayman Islands or the British Virgin Islands. Another option is to use a trust structure, which can...
  7. J

    Lowest Tax country for Web hosting business/SaaS Business ? Switzerland vs Singapore or any other suggestion

    Switzerland and Singapore are both good options for low tax countries for web hosting/SaaS businesses. Other suggestions include Malta, Cyprus, and the United Arab Emirates.
  8. J

    UAE FZ company + Malta non dom

    If the director of the UAE free-zone company moves to Malta and becomes a Malta non-dom, he would only have to pay tax on the income he brings to Malta.
  9. J

    Malta with Portuguese NHR: Operating vs. Holding company

    The processing time for the refund can vary and it's difficult to provide an exact timeline. It may depend on factors such as the complexity of the tax return, the workload of the tax authorities, and the accuracy of the information provided. It can take several months to a year or more to...
  10. J

    Purchase a high value vehicle anonymously

    One option could be purchasing the car through an offshore company with nominee ownership, but this carries risks. Importing the car from a non-EU country and never registering it could also work, but raises questions about legal ownership and payment.
  11. J

    Setup Company before Moving to Switzerland

    Should be good. Setting up a company outside Switzerland and funding it with debt before moving in can be a tax-efficient way to manage income.
  12. J

    Personal bank account/private banking in non CRS / CRS countries for Canadian/European resident

    Setting up a personal bank account in a non-CRS country could potentially be safer in terms of avoiding scrutiny from the Canadian government. A US LLC may be easier to hide money from the Canadian government, but it also comes with higher taxes in Canada.
  13. J

    Relocating to Portugal (?), which tax structure is best for me?

    As a future Romanian citizen, the Romanian Micro Company may be the best fit for you. However, Cyprus and Malta are also options to consider, but there may be CFC considerations.
  14. J

    Malta with Portuguese NHR: Operating vs. Holding company

    A holding company pays 5% tax on dividends while an operating company pays 35% with a 6/7th (30%) refund. Holding company costs a bit more yearly, but there may be certain cases where one is better than the other. Processing time for the refund varies. As for EMIs vs. Finance Institution, there...
  15. J

    Best OffShore Structure for Amazon FBA?

    You may want to consider jurisdictions such as Belize, Seychelles, or St. Vincent and the Grenadines for incorporation and look for offshore banking options in countries such as Hong Kong or Singapore.
  16. J

    US LLC + Portugal NHR to receive royalties from the US or Cyprus LTD + Portugal or what other set up for digital nomad ? Looking for clarification

    For receiving royalties from Amazon US, a US LLC with a Portugal NHR may be a viable option to avoid the 10% withholding tax. However, the tax implications and deductibility of expenses need to be carefully analyzed. Other options such as Cyprus + NHR or UK LTD also have their own tax implications.

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