Seeking Insights and Strategies for Offshore Business
- Thread starter techamok
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Hi,
Living in the south-east of Europe. Interested in optimizing taxes, legally of course.
Looking to form an LLC that will provide IT Consulting services to customers around the world.
From what I gather so far, Wyoming, New Mexico would be interesting options.
Banking wise, Chase gave me some info, in terms of required documentation to open a corporate account by visiting the US:
Two forms of ID - drivers/passport + debit/credit card/utility bill
Certificate of formation
Company EIN
Based on your experience, is something missing here, or am I on the right track?
Thanks,
Kind regards
Living in the south-east of Europe. Interested in optimizing taxes, legally of course.
Looking to form an LLC that will provide IT Consulting services to customers around the world.
From what I gather so far, Wyoming, New Mexico would be interesting options.
Banking wise, Chase gave me some info, in terms of required documentation to open a corporate account by visiting the US:
Two forms of ID - drivers/passport + debit/credit card/utility bill
Certificate of formation
Company EIN
Based on your experience, is something missing here, or am I on the right track?
Thanks,
Kind regards
Then you can probably forget about this. I mean, unless your country's tax authority does not enforce the law.
Has it never occurred to you that if all you had to do to lower your taxes was to register a company for $200 or so, everybody would do it? Do you really think you are so much smarter than everybody else that nobody else has ever thought of this? I don't mean that in a condescending way, I just really don't understand why people don't immediately realize︀ this couldn't possibly work?
Has it never occurred to you that if all you had to do to lower your taxes was to register a company for $200 or so, everybody would do it? Do you really think you are so much smarter than everybody else that nobody else has ever thought of this? I don't mean that in a condescending way, I just really don't understand why people don't immediately realize︀ this couldn't possibly work?
Hi,
Does this apply even when I am not in the country long enough to be tax resident by law?
For example my country applies the 183 day rule, so people working on cruise ships etc. (just as an example) are effectively not taxed as they are not in the country for 183 days.
Kind regards
Does this apply even when I am not in the country long enough to be tax resident by law?
For example my country applies the 183 day rule, so people working on cruise ships etc. (just as an example) are effectively not taxed as they are not in the country for 183 days.
Kind regards
Maybe, he is a friend of @troupos13. We had some good times with him recently. Here is what we found.
You then just have the PE risk. Most countries consider you tax resident if you perform work there in a permanent establishement. Depends on the circumstances etc. If it is your citizenship country where you grew up, it is most likely not to work, espcially if you︀ have a nice office there and showroom etc. and are just out of the country︁ 7 months on business travel.
If you spend 5 months in Albania, 5 months in︂ Kosovo, 5 months in North Macedonia, 5 months in Montenegro, 5 Months in Bosnia &︃ Herzegovina, 5 months Serbia, it probably works.
If you spend 5 months in Albania, 5 months in︂ Kosovo, 5 months in North Macedonia, 5 months in Montenegro, 5 Months in Bosnia &︃ Herzegovina, 5 months Serbia, it probably works.
Are you able and willing to leave your home country? If yes, there are ways. If no, it most often is not worth the risk.
Depends on the laws of your country. If you keep an apartment there or you have a wife and/or kids or similar strong ties, then you would usually remain tax resident.
Then, you can just unregister there. Leave and never show up. You can then live with your US LLC while flying under the radar like we have discussed it here for example
Does it work better if you are young or very old?
Wait, what @drillbill is back! after so many years! I just quoted you hours ago:
https://www.offshorecorptalk.com/threads/dedicated-server-hosting-service.30248/#post-340217
Your posts are legendary!
Wait, what @drillbill is back! after so many years! I just quoted you hours ago:
https://www.offshorecorptalk.com/threads/dedicated-server-hosting-service.30248/#post-340217
Your posts are legendary!
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