Recent content by Deepbarrels

I wonder how they got their building material.

ok but if its not taxed in the US since its pass through, and you live in Costa Rica.. I don't know.. seems sketchy a little. Maybe someone here has more experience with this kind of setup..?

hahaha damn I wish I was a client of your banks

You think they could block the account if they found out and you'd lose all your funds or no chance?

Just out of curiousity, why would New Mexico better than Wyoming? Don't they have some kind of tax and no asset protection?

What about if the person has residency in Panama and stays in Costa Rica on a tourist visa. Does Panama treats US LLC the same way as Costa Rica? And does Costa Rica taxes tourists at some points who do visa run and stay in Costa Rica more than 183 days/year?

I believe that if he is a resident of CR, he has to pay tax on worldwide income. source: https://www.roberthalltaxes.com/blog/news/tax-guide-for-americans-living-in-costa-rica/ Costa Rica taxes residents on their global income. For the 2023 tax year, the progressive tax rates for residents...

Have you experienced any issue since posting this? Have you tried this with other brokers like CS for example? What would be the worst case scenario if they did find out?

where would you recommend for the banking part? US LLC?

entities outside of Panama? I'm not sure I understand what you mean

I reached to Saxo and they wouldn't open accounts for Panama residents. However Charles Schwab has their international expat service so it should work there, Can you share some example because from my experience, they have the same name but are managed differently and you can't open an account...

Can you share which company you are using for this data plan? Can you share a reliable source about management being in Panama because I heard otherwise from various other people 100% agree... Food ain't that cheap for what it is. Any good restaurant to recommend in PC / David?

Wyoming doesn't tax LLCs based on income, while New Mexico has a corporate income tax rate of 4.9% to 5.9%

So I guess you gave up on waiting to get the Panama passport then? ;) How difficult was it to create a brokerage account from your US LLC?

Yes, I'd diversify to. open a 2nd brokerage account like ibkr and buy VWRA (world etf non-us domiciled /Ireland) so no witholding tax on dividends