Simple Question

[venture]

Hello all,
I'm a non-us resident, owner of an LLC created in Wyoming State.
My question is, I know that I cannot make invoices to US, so that I cannot lose some Tax benefits.
And the question is?
Can I invoice to Canada, it sounds like a stupid question, but as they are side by side countries in the same continent, could it be that who make invoice to a Canadian customers, is considers as US Invoice.
Sorry my bad English

Regards
C.D

 

[fshore]

A US LLC is disregarded for taxes, so the tax situation will be the same‌ as if you invoice directly from the member of the llc (you).

 

[venture]

So in this case it will not affect my tax benefits I have.‍
Should be like the same as I do a invoice for a European customer.

BR
C.D

 

[clemens]

It will be the same I believe, nothing change that as long as the company‌ structure not change!

 

[fshore]

My reply above refers to the US side of it. In‍ Europe there might be different tax consequences if you invoice from the US LLC vs⁠ from yourself.

 

[clemens]

If you invoice a EU company from the same setup it would be the same‌ tax rules or not?

 

[Willblack]

You can always just use cryptocurrency, for example,buy Bitcoin in the US/EU in person and‌ simply sell it at the country in question for cash/gold etc.

 

[Juanpablo7]

Thank you Alex

Unfortunately my country is a third world there’s barely any vendors⁠ or exchanges I can sell my BTC to.

 

[JohnLocke]

Have you looked into the different EMI's available? List of Banks, EMI's, Payment processors and‌ BTC to FIAT institutions.

What country are you from? Moving crypto should not be such‍ a big problem but I understand it can be challenging to get it exchanged to⁠ FIAT.

 

[DSCorp]

Would you mind saying saying which country? There are potential solutions for⁣ your problem along the lines what Admin and
Alex115 mentioned.

 

[Sols]

People in this situation usually use money remittance services with cash pickup at the destination.‌ They are required to ask for ID, though.

If you want to avoid KYC, something‍ like hawala is the only option really.

 

[Juanpablo7]

Hi,

Yes i⁢ am familiar with Hawala, my country is Somalia we use the hawala system here however︀ we have absolutely no banking infrastructure to send funds abroad to other well known banks,︁ the current bank i am with only transfers IBAN through to a Kenyan national bank︂ then to > abroad banks such as HSBC, Barclays, Citi etc and one Hong Kong︃ bank only.

Banks around the world deem Somalia as third world and also the most︄ dangerous country therefore doing business is tough. I want to change this if this is︅ possible if ever... Diasporas abroad from Somalia are sitting on liquid cash of up to︆ $100K or more through means of business and opportunity in the western world, but again︇ they cannon't declare this as there's no way to transfer this back home.. only through︈ use of Hawala and a limited form of cash transfer (up to $3K every 3︉ months due to Anti-Money Laundering) because of all this unnecessary bureaucracy in place the nation︊ cannon't send money back home and grow it's true GDP.

I want to create or︋ build some form of banking/Crypto infrastructure from the ground up if this is even feasible.︌

Thanks,