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Singapore LTD and working in the US

aidenaiden

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Dec 30, 2023
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I have a question regarding my situation - I travel a lot but ultimately based in the US. I recently incorporated my startup which I'm the shareholder (70% ownership). Now, some of the work I offer through my startup is consulting services and some of my clients are US clients. All my invoices reference my Singapore company and I do receive a W8 BEN from my clients. I am currently reinvesting the profits into building our product and do not take an income yet and do pay the CIT for Singapore companies. Am I also required to pay US taxes on profits even though I do not take an income?
 
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