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Looks like they're implementing a tax on worldwide income, not just plugging the remittance hole. "From now on, people who have earned overseas income either from their occupation or doing business abroad or from wealth that is located abroad but has been exempted from PIT for nearly 40 years...

Thanks. Do you have a lawyer/accountant recommendation for Malaysia?

Thanks for answering, Don. I understand that PE would make the entity a Malaysian entity for tax purposes. For the sake of argument, if I bypass the LLC, and get paid directly in my name, would that change anything? Do I get taxed even if that income is never remitted to Malaysia? I guess what...

Hello, As the title suggests, I am looking for information on the tax treatment of a US SMLLC for a Malaysian Tax Resident (spending more than 183 days/year on MM2H). There won't be any remittances from this LLC to the resident person who is a Malaysian tax resident. Does anyone have...

Thanks, any sources to confirm LTR visa's renewability? I found a few websites confirming the opposite. For example, Thailand Long-Term Resident (LTR) Visa | ThaiEmbassy.com says "The 10-year visa is divided into two 5-year terms. Applicants will be granted the initial permission to stay in the...

Does anyone know if the LTR visa can be renewed past 10 years? From what I read, the maximum length of stay can be 10 years on this visa, but I can't find an official source. Also does the same go for the retirement O-X visas? Is there a maximum stay?

Wow, a big jump in prices. 20-year superiority extension used to be 1 M Baht (about $28k), now the 15-year is $71k.

I spent some time in Thailand, and there are a lot of nomads/entrepreneurs who run their offshore companies, including US LLC from Thailand and don't pay any taxes. This is the ground reality, confirmed by many. Of course, evaluate your own risk tolerance and options.

I came across the video below. The video specifically discusses the Thailand LTR visa, which many might not be specifically interested in or qualify for. But if you forward to around minute 7.30 and wait for the 2nd question, "What taxes would Stan pay?", the govt official clarifies that there...

I have used line2.com for over 10 years. It works for SMS and calls both from Citibank, Google, etc. Some services have not been able to SMS to this number, but I don't remember which ones. Wellsfargo supported this number for a few years, and then dropped it. With VoIP, it could be an ongoing...

Thailand residency with US Single Member LLC for me. You have the choice of big city living (Bangkok), Beaches (Phuket, Koh Samui etc), or Mountains (Chiang Mai). I am surprised that Thailand hasn't come up more on such discussions.

I provide services to US clients. My understanding is that if you don't have physical locations, employees, and don't need to regularly visit the US to perform business duties, you will be fine. I would even avoid US freelancers or regular US visits for pleasure just to be safe. I have not had...

I have been filing my own 5472s and 1120s. There's tons of info on YouTube. Here is a good guide:

With the new laws in UAE, even this set up would now incur 9% tax and accounting/auditing requirements, correct? US LLC/UK LLP owner living in territorial taxation countries with no enforcement of PE would be ideal to avoid all the complexity of UAE taxation. Thailand I think is the easiest...

Hey Guys, I am evaluating Bahamas for long term residency (including tax residency). I am visiting Nassau later this fall but have some questions about the residency options if I do like it there. I did live in Florida for over 5 years and liked it, so is Nassau is similar, it could be a great...

You might have misread what I posted. Intellectual Property and ancillary activities are not "Exempted Activites", they are "Excluded Activites". Meaning, this activity will incur the 9% tax. https://mof.gov.ae/wp-content/uploa...ifying-Activities-and-Excluded-Activities.pdf

I have gone through litigation with a tax department in an asian country, over a period of 9 years. Software, including websites, was considered intellectual property in that matter. To each his own. Do your own research and make decisions based on your risk tolerance. For me, Dubai Free Zone is...

I am more concerned about the Excluded activities listed in: https://mof.gov.ae/wp-content/uploa...ifying-Activities-and-Excluded-Activities.pdf Article (3) Excluded Activities (f) Ownership or exploitation of intellectual property assets. (g) Any activities that are ancillary to the...

Haven't they clearly stated that intellectual property assets and any ancillary activities are excluded activities? I think this specifically means IT related services like websites, marketing, e-commerce etc. Please correct me if I am wrong. Read the paragraphs below (taken from UAE: Is income...