Running a Wyomoming LCC while beiing Portuguese resident as a NHR

digitalweb

New Member
Hi Everyone,

I hold a European passport and I have been granted Non-Habitual resident (NHR) in Portugal few years ago.
I run E-commerce websites in Europe through a Maltese company (where I have got office and staff, local director... )

As Malta is not accepted by stripe, my plan is to open a WYOMING LLC and a transferwise Borderless acccount (linked to stripe).
As the LLC will be mainly managed by the Maltese company, I plan to invoice the LLC with the Maltese company and then pay Taxes in Malta and Withdraw the dividends from Malta to Portugal.
Instead of withdrawing dividend direct from the LLC to Portugal (because of the central control management).

Do you have any suggestions? I am a bit worried about the Central control and Management as the LLC will be also sometimes managed from PT, I will make sure to sign contracts abroards as I am traveling a lot.

Any comments will be more than welcome!

Thanks!
 

Sols

Building Trust
Entrepreneur
Why not just use another payment processor instead? Would be much easier than bothering with throwing another entity into the mix.

For example, Braintree is very similar to Stripe and supports Malta. There are many more.
 

digitalweb

New Member
Sols thanks for your comment.
The Main reason is for privacy, I want to be hidden for competitors.
With the Maltese entity, everyone will know who is running this or that website.
However, with the Wyoming company, I will not appear anywhere.
 

fshore

Trusted Member
Business Angel
If the Malta company is the member of the US LLC then you don't need to invoice the LLC, as the income will flow through to the Malta company. If the Malta company is managing the US LLC then it would be the same as if the Malta company dealt directly, you will have the same situation as with your Malta company (at least if you get the Malta resident director to handle the LLC).
You talk about withdrawing dividends, but this doesn't really matter to determine central control and management rules, it's about where you control and manage it. If you have a nominee director in Malta then you're probably already on thin ice. If the Malta company is actually managed in Malta then it should be fine, and then it should be easy to manage the US LLC in Malta also.

Note that Stripe in US requires a US based contact person/account signer. You could use stripe atlas to get a Delaware LLC (then they don't require a US based signer) but they don't help with banking for non residents anymore. You could use TW, but there are some reports that it's not always working with Stripe (as TW doesn't support direct debit).
 
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