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I am Portuguese and will open a car dealership in portugal. It needs a Vat number. I have been looking at Romania micro company and Estonia but it seems it might not work as I will have PE in Portugal and the whole business will be operated in Portugal. I think that theoretically a...

Hi 11111 thanks for your input, it´s good to know your insights and share experiences from Georgia! My plan, if i stay here is to probably move to Tbilisi in the Spring as here the prices will become impossible due to summer season tourism. For now I dont want to go there because the weather is...

Thanks for the insights OrangeKangaroo! Do you kno from those 450 Euros how much was for government fees and how much for their services? Because if i do this in Romania I will go back there personally and probably avoid most of consultants fees, but i cant figure out how much are the non...

I have been to Cabo verde multiple times and to several islands, but mostly to beach resorts many years ago, and dont know how the capital is right now, but it was dangerous before, also not much data on cost of living but the flights itself are very expensive (no low cost) so one has to account...

For my education Apart from payment processors what kind of US services does having an LLC will help you with? For financial services you always need a personal credit score established, which a foreign doesnt have let alone a personal SSN or ITIN. Are there any other benefits? I also got the...

As far as I understand Once you cease to be a tax resident of your home country it is the end of the story, specially if you dont have any more accounts or assets or personal income from there, you dont even have to file tax there anymore. you just keep renewing your id card and passport and...

Hello Gnud, I am thinking about a similar setup. You might be overcomplicating or I might be over simplifying, i decided to chime in to see if we can get more clarity on this! You can check my post here: https://www.offshorecorptalk.com/th...ible-for-1-scheme-where-to-incorporate.35501/ From...

My reasoning was that for the first months i needed a cheap place to live and work from. So if i can live in a very cheap place and spend half of what i would spend in a developed country I will get DOUBLE the time of runway for my business to take off, and save resources for the business...

Thanks for the reply orangekangaroo, yes i have seen other posts of you and that made me curious about Romania. I am at the moment in Georgia, but i have been to bucharest and lived in Constanta, it is a much better place to live, by far. It is very important to live in a quality place with...

I Dont know... I am not sure Who and Why and How someone will report my profits in the US LLC I think in Wyoming and/or Delaware I dont even have to disclose or make annual reports of my profits. (not very sure about that)

I did not see or received any atachment. where is it?

@cangarooo I am also in a similar situation, EU citizen selling services to EU and US and others. My situation is described here in this post and I am trying to figure the best setup. https://www.offshorecorptalk.com/th...cheme-where-to-incorporate.35501/#post-192365 If you could PM or post...

I did not know that the US is not on CRS interesting! WISE is in the UK and uses a NYC bank for USD and Belgium bank for EUR I plan to use an US LLC and incoice EU clients in EUR and get paid to that WISE belgium account and worldwide clients who need to be invoiced in USD pay me to that WISE...

Yes and the probability is even less when you use an EMI account only, I have been using WISE personal account from US to Portugal for years without any problems at all. has it been reporting? will it report once i use a business acount? I dont know... but so far so good Since Georgia is not...

@mad1max If you keep the money in the georgia company without taking it out no tax will be paid, its like Latvia. That gives you time until the business takes off and you find somewhere else to incorporate and transfer that money to the new setup. Yes @startfleetio that is my big question, if...

Hello @Outlander Do you think you could give me some insight? I am between georgia and Paraguay residency, i have explained my situation on this post: https://www.offshorecorptalk.com/th...cheme-where-to-incorporate.35501/#post-192326

Hello everyone! I have been reading and studying the forum quite extensively for some time and today I got the courage to ask for some wise advice from you! I am a EU citizen from Portugal with tax residency in Portugal. I am now near the border of Georgia preparing to enter in a few days to...

In order for Romania to work out, you need to have tax residency somewhere else right? (to avoid their 25% social security 10% health insurance and upt o 10% income tax) But that country to be one that does not have CFC rules in place for permanent establishment right? just trying to understand...

If georgia considers your US LLC as a permanent establishment and taxes you 15% corporate tax, will you as an individual also become subject to personal income tax 20%? In that case the US LLC becomes worthless, and the tax free plan falls apart