Recent content by poetwarrior

That is interesting, tacituskilgore is correct. It is apparently possible to apply for an EIN without an SSN or ITIN. However you cannot apparently do this online but must go through either snail mail or fax. I looked at the regs and the instructions on the SS-4 and he is correct. It will take a...

The LLC can be done online and will take less than 48 Hours. Last one I did took less than 12 hours. Yes the Wyoming LLC can get an EIN but it must be applied for with someone that has either a Tax Payer ID number of an SSN. A foreigner can get a Tax Payer ID number but will need to apply for...

Belize changed legislation regarding their IBC's at the start of this year, the LLC legislation was not affected. However IMO it is a crap jurisdiction for a multitude of reasons at this point. I would advise looking elsewhere, others may have a different opinion. Look at the legislation and see...

You are correct the information would only be available to the government on the US side and not the general public if you register the LLC in say Nevada. Obviously would also be available to the bank in the US for the LLC. if you have signature authority. However, check on the Cayman Islands...

Assuming that you set up the LLC in Wyoming, you are correct, you would have no US based taxes. If you set up in another state you might have taxes depending on the State. US LLC is a pass through entity unless you elect otherwise, so no dividend tax in US. US does not have VAT. No idea how this...

Wow, so much to unpack here. Sounds like you are describing a self settled asset protection trust (bad idea by the way). There are much better legal structures that you can implement depending on your goals. I can not speak for EU or individual European law on this matter but will give my...

My answer assumed that you were not a US person. IF you are the answer would be different.

I cannot answer as to the EU or Russia on the consequences of a Wyoming LLC. However for USA tax purposes the LLC is treated as a disregarded entity and flows through to the owner. So assuming that you do not store inventory in the US and do not have any US employees and are merely shipping to...

Manga38 that is correct. It used to be a 100k deposit pre-filing that had to be posted before a lawsuit would be accepted. They changed that in 2017 I think. Now it is like the Cook Islands and a defendant can file a motion to demand a bond and the Court will determine the bond amount. Since...

Yes there have been talks about going to a territorial taxation system, which would be great and make this a viable option again. Some members of the government had stated that thy would have legislation to that effect by the 3rd quarter of this year. We are now at the end of the 3rd quarter and...

I am hoping this provides some value to this forum. On December 28th of 2018 Nevis passed a law that amended the tax free exemptions of Companies formed after January 1, 2019. For LLC’s this was codified in the Nevis Limited Liability Company (Amendment) Ordinance 2018. This legislation...

Hello everyone, Thought I would introduce myself being a new member of this forum. I am a US person getting ready to travel for the next few years to see the world. Going to be setting up an offshore company to help with asset protection and taxes for income made over the next 3-4 years. Legal...

Hello, First time poster long term lurker. I don't understand why anyone would form a company in Nevis in 2019 after they changed the law in December and now tax at 33%. Am I missing something here as to an advantage outside their asset protection statute? Have they amended the tax law recently...