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I went to 4 different places now, one this morning... all of them said something along the line of "why do you want to report or pay any taxes, you don't have to" lol... I will try to find someone else and see what are the options

could you please contact me? I can't DM you, I spent 270$ with IncFile which supposedly should have been one of the fastest LLC services out there, it's been 10 months now and i still didn't get my EIN, so i am now tired of this s**t, i trusted their support few times and then i just continued...

Spain

Interesting, as of now, I mainly use Wise, followed by a Wirex card and another Wise Card that is at the name of one of my family, I pretty much try to rotate them, all of them are tied to my actual residency which is still Italy, I should receive my residency in less than 1 month here, what is...

I already have a CURP since when I was here in 2021 or 2022 I need It for the vaccine, the CURP is similar to an ID Card, I think what you meant is an "RFC", here's the extract from a website on what you can do with the CURP: For registering as a natural person with the Federal Taxpayer...

Even Italy shows the patrimoby of certain company

In theory it's the same with the US LLC but it depends how it's seen by his country of residency (cyprus), and for example in Italy the Profit of an LLC is seen as dividends/capital gains even tho technically they are not

If you are an European resident, serving Europeans I can ensure you that you need to pay VAT. In Cyprus, if not, you are committing VAT Fraud, I am not sure how this would work on the field but I am 100% sure it's illegal and with CFC Rules, CRS etc, it won't last long until they catch you...

exactly my question... I guess he thinks since "No Taxes in the UK or US because it's a transparent entity = no taxes elsewhere"

Generally, a US LLC would not charge VAT to EU private (B2C) customers for consulting services. However, for digitally supplied services, VAT might be applicable under the MOSS scheme. For B2B transactions, where the customer is a business, generally, the VAT is accounted for by the EU-based...

I'm Italian, and I'm not sure it would work; the main issue is not the country where you might eventually become a resident, but the Italian IRS. The only way I could see this working is by actually moving to that country, residing there, and living there. That 'Digital Nomad Taxes' idea is...

With the UK LTD you'll need to pay taxes in the UK, you are probably confusing the UK LTD with a LLP, which is more or less similar to a US LLC (Transparent Company). If your business is structured as a limited company, then you will need to pay corporation tax. For the 2024/25 tax year...

An LLC is a transparent entity therefore you'll get taxed based on the tax rate of your country, in Italy an LLC is taxed as capital gains at 26%, which might be favorable for certain things, also, you can deduct some expenses, not too bad.. But do not believe you can just receive the money on...

Hello, I'm Italian and my girlfriend has found a job here in Mexico. I will receive my 4-year temporary residency in May. I plan to register in my home country to move my residency here. Taxes are quite high, but still better than in my country, at a rate of 35%. I self-publish on Amazon and...

Would an LLC "trick" the reporting system even if we are resident in a EU Country? I.e. flagged as a US Entity therefore exempt from reporting? I understand that as a non resident alien i'll be asked to fill the W8BEN form but that doesn't imply that the reporting will automatically be done...

I did a long vacation in Mexico, 3 months, and I loved every part of it, the cenotes are amazing for a scuba enthusiast as me...crime wise, it does depends where you go, Tulum is safe, Playa del Carmen in most parts is safe, Merida is very very safe, there are some parts you should avoid such as...

Yeah I called it BS too the deduction thing... 10% on the gross is not that good considering that if i'd stay where I am with no rent, expenses, any legal thing, I'd pay 26% on the net income... Yeah so Portugal is too cold, windy and the open ocean is not my thing, I am really into scuba...

I own two Amazon KDP accounts as well; first of all, I would say a few things: 1) Don't believe that since the "work is already done," you won't do any other job in the future, especially if you want to live off KDP, the market is becoming saturated, and the AI tools are not helping at all...

Usually a good strategy is to be an option seller, research for "the wheel" on youtube

EDIT: I mistakenly cited the WRONG PERSON in the previous message, please ignore it since I made a mistake