Recent content by Mani

See if your target country auctions tax delinquent property. If you search their list you can probably find a vacant unbuildable lot for $300 that still gets mail.

I'd pay the tax before renouncing, it's a big deal to lose citizenship in a country where you invest and have a big professional network. The paperwork might even change for foreigners. Getting loans is probably tougher etc.

I figure I'm not the only one to think through the implications while continuing to hold US citizenship. The question is not about taxation on the US side. It's more about how others perceive the risks of not reporting.

American living in Thailand (for 10 years uninterrupted) here. I am thinking of taking my remote fix and flip (real estate) skills to South Africa. It has a mutual legal assistance treaty with America. If I moved $250k out of the US for seed funding, to either Thailand or South Africa, and that...

Yes contracting services

I am a US citizen who will be supplying Chinese companies. I personally live in Thailand. The Chinese companies in my niche are happy to pay by wise.com which means a “Chinese friendly country” is not strictly necessary. But I also like Hong Kong and see no reason to take points away either...

I have a Wyoming LLC and I want its bank account to be as secretive about owners/signers as possible. I know US banks are not that secret but the goal is not to hide from the IRS or business partners, just creditors pursuing the owner due to another unrelated business's failure. Anyone have...

The thought of a lawyer running off with my funds does suck. But I can't think of another way to keep my name off the bank account for a Wyoming LLC. How serious is the risk of theft by nominee? Is it super infrequent or does it happen regularly?

It's for a small business

I am considering doing this with a US company since privacy is my chief concern. Anyone have experience with it? Is it cumbersome or fairly straightforward.

I would like to keep my name off the company. Nominee directors are less than ideal. Is it possible to do this instead by having 2 companies, one with my name on it owning the 2nd one without my name on it? And would this create a local UK tax burden on the company that owns the other one?

Always impressed with the level of knowledge on this forum, thank you coo-:!y

Are there any places where you can maintain an investment holding company (US stocks) and bank account for less than $200? If not, what are the lowest cost locales? The lowest I've seen so far is $500/year maintenance for a Seychelles company.

A bank statement should be easy to provide. Do they require the owner to be a local resident of Seychelles as well?

They should be open to US citizens and ideally are low fee. But of course not based in the US. If they allow investing in US stocks/ETFs that wouuld be ideal. But not required, I can invest elsewhere. Do you guys have any suggestions?