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No need with 250K paid up capital, at least that was the case 2 years ago. The company need to have physical office and minimum spend (from 50K and up depending on industry) and employees in Labuan to benefit from the 3% tax rate (else 24% tax). You can have bank account in KL, but clients will...

T Thanks, I found this link which states different countries https://ask.zen.com/hc/en-us/articl...-has-to-be-registered-in-to-open-ZEN-account-

What countries do they support for personal / business accounts? This info is not easily available on their website.

Will the eth etf be staked?

It depend on your country. They probably have requirements for a business account, like having a local registration number for the foreign company, etc. You could use your personal account for it if your customers accepts it and if you don't need liability protection.

Where does it say there that foreign companies are taxed under labuan regime? Anyway, the company would also have to fulfill the criteria with local employees and expenses, which means it would have to register as a foreign company in order to be able to hire local staff legally. Else it would...

However it will not be taxed under the Labuan 3% tax rate, unless it's registered as a foreign Labuan company and fullfill the other requirements for companies to be taxed under the Labuan tax regime. It's probably quite complicated to achieve for a small company.

Companies are generally tax resident where they are controlled and managed, no matter if they are owned by another company or not. If you control and manage the us llc from Malaysia then it might be tax resident in Malaysia, if they find out and if they care about it (in the past there was no...

What's the substance for the us llc? If in labuan then it's tax resident in Malaysia, not taxable under labuan 3%.

You're not paying attention to what I'm writing. I said tax resident in Malaysia! Enforcement hasn't been strict in Malaysia, but now they started taxing worldwide income so it might be changing.

I'm not talking about the Labuan company, I'm talking about the US company.

Yes, but technically the us llc could be tax resident in Malaysia so it won't really help, just add complications.

A us llc doesn't distribute dividends in the views of irs, however you can run the llc from another country and distribute dividends that might be taxed in that country.

Yes, and if you don't charge vat in your domestic country because you're under the registration threshold then you don't charge vat on these 10k. How do you propose to report these transactions if you're not registered for vat? Anyway, it's not a strategy as its only for 10k.

The threshold is explained in the link I posted. Anyway, it's for max turnover of 10k so not very useful for most people. Previously the threshold was 100k per country (every country had different thresholds) while now it's 10k for total sales to all countries, before you have to register for OSS.

If the company doesn't have to charge domestic vat then it doesn't on sale to other countries either, on these first 10k.

There is a 10000 EU wide threshold. https://vat-one-stop-shop.ec.europa.eu/index_en New EU-wide threshold of EUR 10 000 The previous”¯thresholds”¯for distance sales of goods within the EU have been abolished and”¯replaced by a new EU-wide threshold of EUR 10 000. Below this EUR 10 000...

Only required to use OSS if sales are above 10000eur. And still, using IOSS when shipping from China is not mandatory. He can ship from China not vat paid.

You say you're shipping from China to the EU, in that case you don't necessarily have to charge VAT, as you can leave that to the customers (however that's a hassle for customers so your sales might decrease).

they never asked me