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The setup fee includes the first years fee? So it is 8k the first year, 5k the second and so on?

Maybe I am reading to much into your comment but I can't really understand why you would be happy about the US loosing more and more of its influence in the world. Of course this is all speculation and no one really know what exactly will happen, however personally I'd rather live in a world...

At least in the Bahamas and Barbados you won't get tax residency with the digital nomad visas. You also won”˜t get a tax number.

Awesome, thanks so much for the answer. Is your LLC income considered PSI by the ATO?

@justsomeguy I am also thinking about running a US LLC from Australia. Did you run into any problems with doing that? Did you talk this through with your tax consultant and did you get some questions from the ATO about it? I understand that the LLC would tax transparent in the US and in...

Great summary, totally agree!

Well, you are making very strong claims without providing any sort of evidence. How do you back up your statements? I just showed you one of many examples how this could work and I've discussed setups like this with tax consultants from multiple jurisdictions so I am quite confident that this...

This is simply not true. Here an example: ”žLiability for income tax A person's liability to Austrian tax is determined by residence status. A person has unlimited liability to taxation (is a “tax resident”) if that person's residence (that is, any home readily available for the resident's...

I would stay clear of Germany. The business environment is slow, highly bureaucratic and complex even for native speakers, the authorities don't speak English in most cases and it is a high tax jurisdiction. If you really want to go ahead you can have a look at www.firma.de and www.Clevver.io...

I'd be interested in exactly the same question

@Fred do I need to have a fixed address in the UAE, e.g. rent an apartment for the entire year to keep the authorities and banks happy or can I visit twice a year and stay in an Airbnb?

You can get a bank account in any European country if you have a residence permit and an address Opening a basic bank account within the EU

Can you provide some more information or a source? My hunch is that many EU countries won't accept a tax residency in a country with zero days minimum stay..

How would you know that the name has been changed back? I have a friend that had exactly the problem that an American was used as responsible party and his tax consultant then filed another form to fix this issue, but he never got a confirmation from the IRS that the name was changed back.

Well, you are mixing up a couple different aspects, let's untangle it. In Germany the tax year equals the calendar year. So if you leave during the year then you still have to file a tax declaration for that year and declare all worldwide income. However, income that you received after ceasing...

Well, please read https://www.oecd.org/tax/automatic-...tance/tax-residency/Germany-Tax Residency.pdf - tax residency is actually covered in the first paragraph: Basically, you are tax resident in Germany if your habitual abode / center of life is there and / or if you have a permanent place to...

So you're set on staying in Europe? Otherwise, why not go the route that I suggested earlier?

Well, that depends on which country you move to. The ones that I mentioned don't provide a tax residency under the nomad visas. However, unlike other countries like the UK or Australia, you don't need to have a new tax residency to loose your German one. If you leave Germany, cut all ties, don't...

No, that is just asking for trouble. If you go traveling but keep your ties with Germany you continue to be considered a tax resident and you will be liable for tax in Germany. Trying to work around that - even with an anonymous LLC - is just asking for trouble and definitely not worth it for...

Have a look at PassportCard