Offshore company + Transferwise account

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copepe

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Feb 15, 2021
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Hello everyone and congratulations on the forum.

I am a lawyer and I offer legal consulting services for foreigners, mainly North Americans and Mexicans. I want to expand my business and my forecast is to invoice 3,000 € to 5,000 € / month.

I would like to know what simple and cheapest off-shore structure you advise me. I have read that having an LLC in Delaware + Transferwise could be an option, but in my particular case this can be a problem because most of my clients are North American and, if I am not mistaken, it would force me to pay taxes there.

Any ideas?
Thanks a lot
 
Hehe.

I have notions about international taxation and taxes, but it is not my‍ specialty. That's why I come here to learn 🙂
 
Delaware is better than other jurisdictions︁ if your account is located in USA. LLCs do not pay taxes if it is︂ only one owner. The owner pays taxes personally and needs to apply for a tax︃ ID personally to pay taxes. The profits of the company are reported personally and tax︄ is paid.
 
How does this works with foreign owned Delaware companies? US reports too to the EU!‌
 
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