Recent content by 5K1PP3R

Wouldn't UAE consider this LLC a CFC (Controlled foreign corporation) with the need to pay 9% corporate tax?

I am curious if someone pulled a US LLC + Cambodian bank account? Is it feasible?

so this setup is no longer available because Wise doesn't work with San Vincent and the Grenadines? Any other decent EMIs? Anyway suppose I do a US LLC being resident in UAE, I imagine there are more banking options then. Won't UAE consider this a CFC (Controlled foreign corporation) and there...

Would a US LLC + Cambodian personal bank account work? Cambodia is still non CRS. What banks/EMIs would be good options for a US LLC?

It all depends on your bank. Who will you be selling crypto to? Banks have a database of accounts flagged for crypto. Once you got interactions with such an account, your LLC bank account will be closed.

I know some people personally who recommend Cambodia. Also @Martin Everson banks there afaik

Nothing is tax free, but seems like still non CRS and Cambodian banks don't care if you receive dividends on your account there. You can check the link to the original thread. At the same time Cambodian banks are reputable and modern. So can anybody estimate the feasibility and cost of such a...

I wonder can Cambodia be used? The recent thread was quite in favor. US LLC with a personal account in Cambodia on a business visa? You don't need to live in Cambodia. Pay salary, dividends, buy crypto if you want.

How would major EU EMIs look at sending money from business accounts to Cambodia? Suppose there are invoices for IP royalty or AI systems etc. And btw how is this better than UAE? I suppose I can also send myself 5 figures to FAB/WIO personal accounts? Or they won't allow it?

So can I get paid for services or for royalty from some US/EU company? Usually EU banks don't allow business transactions on personal accounts, they require a separate business account for that

then what does keeping low profile mean? And what happens if I don't? Can I get an inbound payment from US/EU for a few hundred thousands from some company?

what will bank do when six figures drop on your account? Freeze, steal or sell the info to local gangs?

up to 184k USD per year tho. You go to Tbilisi, find a fixer near Justice Palace, open bank acc. But you will need to draft contracts as IT

Cyprus non dom tax residency. 0% on dividends. You need to spend 60 days in Cyprus. Georgia individual entrepreneur, 1%, banks consider you local and don't report. No need to live in Georgia

see my previous reply, you won't get 2.5%. If you bought it at 100k and paid another 100k for R&D, you will get 5% and so on. I actually may be wrong about the exact numbers, but that's the idea. If you IP is fully developed using Cyprus company, you will get 2.5% from the formula, because all...