Living In thailand. EU citizen, making money in the USA , not sure what to do what my affiliate profits

[abaganov]

I live in Thailand in the few years, in the last few months I had started making large income from a a few affiliate networks all based in the USA. my birth country is israel , however I have not lived there in the last 10 years and I am no longer considered a citizen there for tax purposes. I also have a polish passport.

I have spoken to a tax lawyer here that told me that as long as I don't bring any income inside Thailand than the tax thai people do not really care about what I am doing with my money. So i am in this position now that I need to decide where to send my income in the world and what to do about tax etc,

I looked into opening a Hong kong company but they will only offer virtual banks for non resident and I won't feel comfortable keeping large amounts of money in those virtual banks.

Should I maybe open a US LLC?

Would appreciate any advice!

 

[TheCryptoAnt]

My advise is that you use the search function cause theres at least 3 threads exactly like yours every single week

 

[abaganov]

My advise is that you use the search function cause theres at least 3 threads exactly like yours every single week

I swear I tried that, searched for "thailand" and could not find info that relate to my exact situation

 

[troubled soul]

https://www.offshorecorptalk.com/th...ailand-residence-and-offshore-business.40862/https://www.offshorecorptalk.com/th...-for-company-registration-except-dubai.37799/
Dubai
Cyprus
US LLC (If you do not have any client in USA)
Singapore
Mauritius will be good option

Biggest point is ...what is your business type...where your client based.....Do you want tax free or low tax country......Annual report ....audit requirement.....cost and ease of running and registration of business
Provide more details so people can help you

 

[abaganov]

https://www.offshorecorptalk.com/th...ailand-residence-and-offshore-business.40862/https://www.offshorecorptalk.com/th...-for-company-registration-except-dubai.37799/
Dubai
Cyprus
US LLC (If you do not have any client in USA)
Singapore
Mauritius will be good option

Biggest point is ...what is your business type...where your client based.....Do you want tax free or low tax country......Annual report ....audit requirement.....cost and ease of running and registration of business
Provide more details so people can help you

I don't have any clients, my income is based from 2 affiliate sources, Amazon and another one. Both based on the USA, how would US LLC going to work in that case? would that going to be considered like USA clients and going to be taxed like that? I like the USA option as it going to more easy it seems and looks more legitimate but the tax might be an issue.

Of course tax free will be nice but I have no problem paying a little bit tax in order for the company to look more legitimate

 

[JustAnotherNomad]

What kind of income is that affiliate income? Does it count as royalties?
Look at this thread:
https://www.offshorecorptalk.com/threads/us-withholding-tax-on-royalties-solutions.35856/