Hi,
I'm researching this topic for quite some time now but only now decided to get Gold access in which I hope I get some better explanations - I just can not figure this out on my own and I am quite desperate since I have no experience in it and a complete noob.
INFO
* I have german residency & citizenship only.
* I looked over the AEOI-commitments.pdf and filtered out all countries for company formation which are listed there.
* Based on the information that FACTA has no agreement with the EU, I saw the only possible solution to create an LLC in the US and there I did choose Wyoming. I am open for any stable country alternative (except a US state alternative) because I am a bit spooked by looking forward to fill out form 5472 and form 1120 on a regular basis.
WHAT I WANT
* I am a software engineer and want to sell digitally via various platforms (Website, AppStore etc) software products but also offer digital services for paying customers.
* I would like to either avoid or absolutely minimize taxes on my sold items / profits.
* I would like to have a bank account (other recommendation?) where I can bunker the profits or (I am not experiences in all those EMIs) should I simply use for example Bankera for that purpose?
* I would also like to open an IB account to do some stock trading with those profits. Is there any problem per se on that point, to trade with with the profits you made? How would I deal with the US Tax with that?
* What is the best way in getting my real hands on those profits? How do I cash those out? Would I declare chapter 11 shortly after I send all my profits to a Crypto wallet? What are the possibilities here?
ADDITIONAL QUESTIONS
* Why do so many people still go countries listed in the AEOI / FACTA lists for their company formation, why do I still see so many posts about Belize? What am I missing here?
Thanks for reading.
I'm researching this topic for quite some time now but only now decided to get Gold access in which I hope I get some better explanations - I just can not figure this out on my own and I am quite desperate since I have no experience in it and a complete noob.
INFO
* I have german residency & citizenship only.
* I looked over the AEOI-commitments.pdf and filtered out all countries for company formation which are listed there.
* Based on the information that FACTA has no agreement with the EU, I saw the only possible solution to create an LLC in the US and there I did choose Wyoming. I am open for any stable country alternative (except a US state alternative) because I am a bit spooked by looking forward to fill out form 5472 and form 1120 on a regular basis.
WHAT I WANT
* I am a software engineer and want to sell digitally via various platforms (Website, AppStore etc) software products but also offer digital services for paying customers.
* I would like to either avoid or absolutely minimize taxes on my sold items / profits.
* I would like to have a bank account (other recommendation?) where I can bunker the profits or (I am not experiences in all those EMIs) should I simply use for example Bankera for that purpose?
* I would also like to open an IB account to do some stock trading with those profits. Is there any problem per se on that point, to trade with with the profits you made? How would I deal with the US Tax with that?
* What is the best way in getting my real hands on those profits? How do I cash those out? Would I declare chapter 11 shortly after I send all my profits to a Crypto wallet? What are the possibilities here?
ADDITIONAL QUESTIONS
* Why do so many people still go countries listed in the AEOI / FACTA lists for their company formation, why do I still see so many posts about Belize? What am I missing here?
Thanks for reading.
