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Hi guys, I'm trying to figure out the best setup for myself. Would there be any issues with running a US LLC from Thailand? Since US LLC is pass-through I assume the EMI/bank/US may report the LLC/account to my country of passport at least (EU high tax but rather incompetent and money-hungry)...

Note on Romanian companies, funny as it may sound (not sure if it changed lately) but when you take dividends you have 8% tax and if you are not employed in Romania you may be forced to pay the minimum healthcare and unemployment contributions. Expect ANAF to ask you questions about what they...

I've been told by an agent that does company registrations for BVI that they don't offer cards for BVI, not sure if it's accurate. I wanted a company card as the money wouldn't have to go through my account in case that gets reported to my country of passport so they don't get ideas to start...

1) It's a software development business 2) Please suggest any other option that would be a good fit where banking is easier (with EMI support). An agent suggested Payoneer and Airwallex for BVI banking but said none of them will offer a company card.

Please share it, I want to hear another opinion too as well as what the costs of other service providers is.

Not living in Singapore, no EP. I visited Singapore yearly at the agents suggestion to be able to get the startup tax exemption and had expense in Singapore for that purpose. I have loads of expenses outside Singapore travel, entertainment, accommodation, absolutely no issues with them and I do...

Expenses for the Singapore company are very 'relaxed', never had an issue paying for things but I assumed they are not the same for companies in other countries (especially in Europe). Interesting about the agent, I have spoken to my agent about this and they said it had to be taxed elsewhere...

You're right, doesn't matter much if tax rate is zero but I was also curious for Gibraltar of what I can pay on a company card or if I need to distribute dividends to pay for stuff, probably doesn't matter I guess. I would like to know if it really is not taxable under what conditions because...

That's what I've been told and I've found it pretty much written down on the IRAS website too (Companies Receiving Foreign Income under 'Qualifying Conditions for Tax Exemption') It mentions being taxed elsewhere and headline tax rate being at least 15%. Has someone had different information or...

Well tax is around 4.5% while you have the startup tax exemption, then goes to 8.5% (that's for under 200K SGD) and the regular tax rate is 17%. My corporate service provider said foreign income not remitted to SG can't be tax exempt unless it was already taxed elsewhere which is why I was...

The service provider is around 3.5K SGD per year plus tax which is going to double soon due to the end of startup tax exemption. I did see in the mean time that there are various other prices for registered office and so on for Gibraltar so probably it adds up to a lot more than shown as the...

At least online the fees look to be below 1K GBP per year, not sure if you need extra services which add up. I have a Singapore company already but I was looking to reduce tax and yearly costs if possible. The SG service provider kind of annoys me lately, quality dropped on their side.

Hi, I was wondering which would be better of the two Gibraltar or BVI for zero tax? I see Gibraltar also has low yearly fees and no tax on income not from Gibraltar and not remitted to Gibraltar. How easy is it to bank a Gibraltar company vs BVI? What about accounting, privacy and other costs...

I can't say anything about that but keep in mind Romania is a poor country, the amount you mention would make people's eyes pop out of their sockets. I think was the top limit for micro companies to pay the reduced tax so I would be careful moving around high amounts. For daily life you probably...

Wouldn't worry much about paying tax in Romania, if you don't tell them about things, they are way too incompetent to find out. Their systems are rather awful, medical IT system doesn't work many times, the ANAF website is terrible too and many have won trials against ANAF fishing for tax. If...

Bulgaria doesn't have territorial taxation, just looked it up and found 'Bulgarian tax residents are taxed on their worldwide income' so not sure what you mean with Bulgaria.

If you declare yourself resident in Thailand/UAE to the bank without a TRC(,'ve only ever been asked about proof of address by banks) that will report stuff in foreign accounts to Thailand or UAE via CRS so it would probably keep clear from European tax offices who might otherwise get interest...

Are you on tourist visas or something else? I'd like to know more about what is working for Thailand at the moment. Some fees for residency permit/visa I assume at least

All incorporation agents said that software development doesn't fall under substance requirements. Since it's developed for clients it's not my intellectual property. Am I and the agents wrong ?

@JohnLocke , @JackAlabama a short stay, like a month or a few months per year would also be ok but wouldn't want to have to spend 6 months or more. What do other people who are nomading around do from the residence point of view to avoid being chased by tax offices just because they lived in a...