I want to sell my Amazon KDP account - How to do it and optimize taxes for the cashout ?

[alexx999]

So, as the title says... I requested to move my residency 9 months ago and I still got no responses from my broken government, while they want almost 68% of what i make between direct and indirect taxes, I'm tired of it and I'm not living in the country since two years now, i moved also to do this move and cashout.... Anyone knows how can i do it? Maybe sell it thru crypto or a shelf company -> Crypto? I would be perfectly fine to pay SOME taxes but not so much and not because they can't process my change of residency requeat in 9 freakinf months

Last edited: Sep 10, 2024

 

[CyprusLawyer101]

Where is your business established / your previous residence?
Is it a company you are working through?
Are there exit taxes?

 

[clemens]

Where do you live, and did you deregister from everything in your home country when you moved two years ago, or did you just leave without deregistering? If you did the latter, then you have a problem.

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[alexx999]

CyprusLawyer101 said:
Where is your business established / your previous residence?
Is it a company you are working through?
Are there exit taxes?
Click to expand...

My business is registered under a US LLC (wyoming), I started the mexican residency process almost 2 years ago and the process has been very very slow, I unfortunately asked to deregister and move my residency from Italy (my native country) to Mexico, more than 9 months ago (as soon as i got the 4 years temp residency in mexico) and my native country didn't reply yet because it does sucks, I sent a tons of email and they basically said "f**k you we're busy, just wait"...so as much as I want I'm still legally resident in Italy altho I have opened the US LLC with my mexican residency documents...

As far as I know there isn't any exit tax...

Everything I do is "virtual" I don't have any physical presence anywhere

clemens said:
Where do you live, and did you deregister from everything in your home country when you moved two years ago, or did you just leave without deregistering? If you did the latter, then you have a problem.
Click to expand...

I sent the documents to deregister 9 months ago and my native country didn't reply yet because it sucks...so I am legally still resident in my country altho I tried to shift residency as fast as I could