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Is USA the ultimate stealth offshore jurisdiction for non-US citizens?
- Thread starter DavidS
- Start date
I'm new and still tring to figure things out. Why Deleware and Miam?
I want to start a company somewhere with low taxes. I want it private. If I started a company in Deleware if the company actually grew, wouldn't the government audit me? Couldn't everything be taken away?
I know Deleware has good laws for corporations, but don't they tax a bit?
Also, why Miami?
Do not forget a LLC is pass-through, information is eventually shared with UK and EU, so it does not solve the tax residency. I currently have exactly this situation, but tax resident in a semi-offshore.
If the profits are kept in a US bank then it shouldn't be any problems.
EU here and I know what you mean, at this moment US banks are not reporting but who knows what will they do in the future.
IRS has details on every foreign LLC owner...and nobody knows if they share this with EU/UK or don't.
@ OP
Why Delaware?
DE the most expensive option, 300$ annual state fee + registered agent fee
WY = 100$ annual filing fee + RA
NM = no annual fees or filing requirements, you just need to pay the RA.
WY & NM are anonymous just like DE
Rumors say banks share details, anyway when you invoice a US company usually they require a W-8 form with UBO to avoid US nationals tax fraud, so IRS is aware of your incomes and have enough data to deliver to EU or any other tax office in the world; of course if you sell to consumers such form is not required.
Yeah WYOMING might even be a better choice.
So basically main fear is that if US is not sharing now, they WILL share in future?
What if you get second residency somewhere else and THEN open US company and get bank accounts and broker accounts in some third country?
Basically making the mess so convoluted and obstructive that tax man wouldn't bother even trying to find where to start...
So basically main fear is that if US is not sharing now, they WILL share in future?
What if you get second residency somewhere else and THEN open US company and get bank accounts and broker accounts in some third country?
Basically making the mess so convoluted and obstructive that tax man wouldn't bother even trying to find where to start...
The million dollar question!
It is NOT a second residency BUT your new residency.
Tbh, it depends how much you are earning - unless you are from US, IRS can go after you even if you owe them $1...
What do you mean by this?
Do you mean IRS would go after US person?
Or IRS would go after non-US person?
If your country is in this list, you are being reported
https://www.irs.gov/businesses/country-by-country-reporting-jurisdiction-status-table
As I'm HK resident, that's excluded from reporting, and even they do, it's not considered taxable here.
https://www.irs.gov/businesses/country-by-country-reporting-jurisdiction-status-table
As I'm HK resident, that's excluded from reporting, and even they do, it's not considered taxable here.
Yes but people here are still not getting yeh message I think. Almost six years old already. Hmm. As I stated earlier USA is bad jurisdiction for keeping anything.
This is only for services, not for goods.
The companies don't automatically share this with irs.
The data irs can easily share is the data you submit on form 5472.
If you have an single-member US LLC, you have to fill every year this form: https://www.irs.gov/pub/irs-pdf/f5472.pdf
So you definitely have to submit detailed information about you and your transactions. Do not mixed the Registry and mandatory tax returns!
So you definitely have to submit detailed information about you and your transactions. Do not mixed the Registry and mandatory tax returns!
For f**k sake, things they want to know... So much for "USA the ultimate stealth location"
Nothing stealth about it
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