Recent content by Xshore

Not without reason. But they probably have a reason.

Then you should check the tax treaty to see if you can avoid paying tax in the US.

Do you want to live in the country and run the company there before leaving, and do you want to bring the same incorporated company with you out of the country? Or when leaving will you incorporate a new company in the new country and buy all the assets from the old company? If using the same...

How about a US address? Do you need to pretend that you operate and live in the US? I couldn't even get a US PayPal opened for my US llc, they said that a SSN is required (I called and talked to them), I'd think it's even harder for a foreign company. But great if it's possible.

Look for countries without a capital gains tax.

? He don't have to hide it if he doesn't own or control the companies.

Yes, you don't have to pay taxes for HK companies that you don't own or manage.

Try look for a bank that let you refuse to sign the FATCA paperwork...

Where is the info about opening a US paypal account for foreign companies? When I tried to open they required a US SSN and EIN and a US resident and address on the account. Paypal have a Singpore money transmitter license, so I'd assume that a SG Paypal account is based in SG and that receiving...

Great info! Do you have more info on starting a LP in Ontario? Is the process similar to a Ltd? Say if I don't need a bank account, can this be done even simpler and cheaper?

Could you use a sole proprietorship in Canada, if you're not tax resident there? I don't know about rules in Canada, but that is possible (and easy) in many other countries. If you only need Paypal, do you even need a sole proprietorship? Can't you manage to open a bank account where you are...

They seem to offer not just EMI account, but a whole company administration package, it's not clear if you have to use those services or not. The fees could quickly add up. And they have a percentage fee for incoming/outgoing payments to some/many countries.

What about webhooks, they have to point back to the website?

Just chiming in to say that US will not withhold 5% or 15% in the USA, that's for dividends and the llc income is not considered as dividends in the US, as it's a pass through entity.

Fatca does not report non interest bearing accounts. Also, income is generally not reported under CRS (apart from interest income), only Ye balances. However US might report the llc based on the 5472 form that you're required to file. If You don't live in your home country then the llc will...