Recent content by notyetnomad

How easy is to transfer the ownership of a Wyoming LLC from my personal name to an offshore company outside the US? I'm not American nor live there. My contry won't tax it. How expensive would it be? Would it trigger taxes in the US? Do I need to open another LLC and transfer the assets?

What about yearly reporting requirements? Which jurisdiction has the least paperwork?

I'm Brazilian, and I had a few bad experiences managing real state here. I can't imagine managing property from overseas.

Hello, I'm looking for a jurisdiction for a holding company. The company would own a Wyoming LLC just to avoid US estate taxes. I would like a cheap jurisdiction with minimum reporting required. I have nothing to hide. I just want to avoid paperwork. Which are the best options? How much...

What happens if your house gets robbed, or if the grass gets too tall? Or if a squatter gets in? If you can take care of that, great. It might be a good idea to buy property in a gated community, or maybe an apartment. But that costs a premium. Airbnb is great in Florianopolis. Have you...

Hey Mike, I'm planning to get my boots on the ground this year. Then I'll be able to give solid advice.

Yes, it is because he is a Brazilian national. Brazilian law treats foreigners and nationals differently: If you are a Brazilian national, the criteria are subjective. If you are a foreigner, the criteria are objective. For foreigners: You'll be considered a fiscal resident of Brasil when...

I have a very boring financial track that I would be willing to share with the bank.

Hey @fbsworld , that is my long-term goal! I can't move right now because of family reasons. I'm not considering an US company. Unfortunately that won't work for me. A company in the UAE isn't an option for me anymore, because there is a very unfavorable tax treaty. I think I need a company...

Hey, I'm looking for an agency to help me incorporate in an cheap and easy jurisdiction to invest in US equities. I'm a bogglehead. I want VT and chill. I just need a way to receive and send 1-2 ACH transfers per month (basically sending my wages to the stock broker). Should I worry about...

Hey @Outlander , yes. You are mostly correct. CFC rules don't apply to Brazilian personal income tax (IRPF). Brazilian companies don't file annual tax returns. Brazilian companies are taxed monthly and have completely different rules. And the rules change every 2-3 years. Theses are not...

I heard it is ~10%.

What I liked about the BVI is that their Economic Substance Act is very clear. My business is a software development business, which is not a relevant activity. Therefore I believe it would not have to comply with economic substance requirements. My goal is not to even have a bank account...

You are absolutely correct. The laws are incredibly poorly written. To an extent that they are contradictory and impossible to comply. I'm sorry if I sounded dismissive. I'm actually really worried about the question you raised. I already have a resident company here. I pay ~11% taxes and I'm...

No, it is not like that. He doesn't need to live in Paraguay. He can live anywhere in the world. But if he becomes tax resident anywhere else, he would have to pay taxes there. The trick is to be careful and not to become fiscal resident anywhere else. Brazil is the worst place for him to...