Recent content by whatspat

Aren't predation and parasitism simply forms of competition? Are they permitted in this community which has no central authority? Where is the return on defending the weak, sick and poor?

Yes, that's exactly what I meant. In comparison, dissolving one of the branch/representative/regional registrations seems much simpler and quicker (although again, that's "on paper" and actual practice could deviate significantly).

Appreciate the responses from both of you, great community! Not sure I am smart enough to read between your lines @JackAlabama, so please be patient with me. @wellington I can certainly believe the challenges you faced, but from this and your prior comments, you're operating a business multiple...

I've been doing a lot of study recently trying to find an efficient way to improve my setup in Thailand and paying a lot of attention to the rules regarding foreign-owned companies. One of the historical challenges with foreign-owned entities in Thailand has been the requirement to obtain a...

Note that US LLC's don't have a board or directors, they only have members (owners) and a manager (who may be, but is not required to be a member). I assume the equivalent to the corporation concept here would be to have a manager who is not resident in the UAE, but this is not the same as the...

Edit: sorry, I was thinking only about taxation with my answer below, this has no impact on your actual question about asset protection; sorry I can't comment on that part. You have to evaluate the CFC/PE rules in the other jurisdiction to figure it out, and it might not be very black and...

It was clarified in an update later the same day that this was being discussed, and apparently promoted by the new head of the TRD. I think this would require actual legislation to be passed to become effective, so can't be done through sleight-of-hand like the previous change. It could still...

I can't work in Thailand, but I'm certainly not the only one who works outside Thailand and lives here when not working (e.g., many offshore oil & gas workers). Or do you mean from the point of view of the type of income I report on my local tax form should not be "from employment"? I'll check...

I'm a specialist business/technical consultant, living in Thailand for many years already, with a moderate personal income, seeking feedback on my current arrangement, and criticism/input on changes to the structure I'm considering. Personal objectives/strategy: Keep a low profile Minimize tax...

While I don't yet have the answer to this question, I have learned that as an Australian citizen not domiciled in the US, due to an Australia-US taxation treaty, my estate is entitled to the same estate tax exemption as a US citizen. Even after the planned 2025 reduction to $5M for this...

Currently no, however I intend to do so in relatively near future. I'm still working age, so death is hopefully not imminent, and I have plenty of time to change my setup, hence seeking information at this point. Actually, to add to this, I do currently hold stocks in the US directly under my...

Yes please, I'm in the same situation - can't DM.

I'm also curious about this topic. I'm a non-US national, residing outside the USA, and have a US SMLLC in a "community property" state (New Mexico). While I intend to consult a lawyer to get a proper answer, does anyone know if such an LLC will avoid probate in the event of my death due to the...