Recent content by resident101

May I ask you directly ,is this 100% legal, or is this grey? For me it must be all 100% transparent and legal. Thank you!

@wellington Well I don't see what's the issue with that. I tried opening a business bank account but no bank would do it, so I don't have a choice. I know with LLCs it's better to have a separate one, but sole trader.... Anyhow, my issue is not this. Is there some way to move my income from...

@wellington Thank you for your reply, Sorry, I didn't get what you meant. I am registered as a sole trader, not an LLC, I get paid to my personal uk account and I do use this account for my personal expenses. What do you mean with LTD? I don't have any commercial expenses.

@daniels27 I am working for a US company as a consultant. But I can't ask my company to do anything strange related to invoices, as a matter of fact, I didn't ever issue any invoices at all, they simply transfer my salary to my personal account in the UK, I couldn't get business bank...

Dear Daniels27, I truly appreciate your insightful feedback. It seems I may have received some incorrect guidance initially regarding my registration status. As I plan to reach out to HMRC, I'm contemplating the best approach to explain my situation. My primary goal is to ensure that I'm able...

Hello Forum, Last year, I embarked on a new journey as a consultant. Previously, I had worked in the UK and left about two years ago. As an EU national, I hold pre-settled status in the UK and possess a Tax ID there. When I took on my consulting role, I decided to register as a sole trader in...

Hello everyone, I'm a digital nomad, working for a U.S. company. I'm an EU citizen and a non-resident alien in the USA. I'm considering using a Wyoming-based LLC to receive payment for my consultancy services. I'm seeking advice on whether this is a good approach. Additionally, I need to...

Hi All, Sorry if this has been asked before, but couldn't find it.. Mu idea: I work as a consultant for a US company. I am a Portuguese national. I want to use the 60-days rule to be taxed in Cyprus, I won't reside in Portugal for more than a few weeks a year. I start an LLC in Cyprus and my...

Hi All, I am an EU national. I have pre-settled status in the UK, I have the NI, etc. I registered as a sole trader and now I will live outside if the UK with no intentions of coming back. I work remotely for a US company now and I will live somewhere in South America. Can I get paid from my...

Thank you for your replies. So it seems I would have to transfer that to a US personal bank account or to send it abroad to an EU account where it will need to be reported as foreign income.

Hi All, I have an LLC in the US. I will be providing consulting services and I need a way to issue invoices and get paid. I live in EU and I am an Eu national. I want to use my US LLC to get paid for my work. For tax purpose, I won't owe any tax in the US since the activity doesn't take...

Thank you for your reply. 1. Well, I can't move countries just like that, so for now I have to stay where I am. 2. What I mean by not owing tax is that I owe no tax to the IRS. Then I have to declare my offshore income where I am right now. 3. Again, all my money activity would only take...

Hi All, I will work as a consultant for a company from LATAM, I am resident of an EU country, I have EU passport. I need a way to issue invoices to get paid. I have an LLC in the US. I want to optimize the tax I pay, in the country I am at right now, I would give half of my earnings to the...

Thank you for your reply. Will keep investigating this. All the best

Hi Everyone! So I was offered job from a company based in LATAM. They will hire me as a consultant. I lived in the UK last year and 5 months ago I came back to Spain, so I am still a tax resident of UK. I don't want to get involved with Spanish taxes, I prefer to open activity in the UK and...