The bit about 26.9% I didn't know about.
Because we are actually in Bermuda right now, we've been here since December. We got the digital one year visa, but we've set up an LLC, we have a Dutch BV, and a Dutch VOF, which we think we dissolve and put into the Dutch BV. We've stayed because I...
The idea is to un-resident ourselves without selling our house, and still having some economic ties in NL, but having more economic ties elsewhere.
So, if anyone could recommend a tax planner -advisor.
I'd be looking for tax planning advice for Dutch resident with BV and an offshore LLC...
This is a 'planning' question to see which income sources we could offshore for our business model. We also have residency in Bermuda. Tips are welcome.
The correct approach is RESIDENT BASED TAXATION, and your resident country is responsible for monitoring for money laundering of their residents. Any other plan is double jeopardy and a hot mess if you extrapolate it out.
That's what I'm trying to game out... I have both right now, but with the way the world is turning, less passports may be preferable to more... ugh, such a nightmare.
I hear ya. I'm in the same boat, although I hope to getting above the FEIE. My partner is a NRA - so we have options that way. There is substantial talk to find a way to exclude bonafide residents of other countries.
But, the only for sure way out is to renounce. And it's an emotionally charged...
It's a total mess. For sure.
I was referencing Yellen's confirmation hearing. There is hard data that suggest a couple of things:
85% of expats make less that FEIE.
Most moved for non business reason
Most move to one country and stay there
The other nuggets is, the ROI from the IRS point of...
I understand all of that. And agree. It affects anyone with a US parent because of birthright citizenship.
I've been on this for several years, and I do see a slight shift for things to change.
As far as the Dems vs. Republicans, both are equal in their blame. RO went around for the last...
For those Americans suffering, and that is every American who is a member of this forum, there is some small movements going on that are worth noting. For the first time, that I've seen, in more than 5 years, there is finally non-partisan cooperation for lobbying DC to untangle this mess. For...
Hello-
Does anyone have a recommendation for a firm to set up an exempt company in Bermuda?
EU/US passport holder
Income is consulting based and sales from intellectual property
TIA
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