US LLC + No tax residency

[theotheo]

Hello

I just come up with some stuff I heard elsewhere

I am eu citizen and freelancer.

In the condition to not be tax residency anywhere (Less than 6month in any countries / No housing in my domestic home / Economic tie in US LLC then)
Some guys tell me that US LLC can be 0% tax from the payment to the transfer to my domestic bank
Is that something true ?

 

[daniels27]

Yes, it could be. But most EU countries have lower thresholds for tax residency then 6 months. If you are working while present on European countries you may become tax residency with as little as 30 fair of presence. Also your US LLC will be considered having an establishment in the place you stay and this become a resident company for tax purposes. Also be sure to deregister from you home as having a household registration automatically is considered a tax residency no matter how much you stay in most European countries. Only the double taxation treaties will help you out in this case, and that is also pretty much the only place the 6 months come into play.

Better check with a lawyer of you home country first.

 

[myhand]

It's not that easy. You need the nice word "substance" for your company to avoid be taxed where you live. It's same for all such offshore company setup's not only US LLC.

 

[Cloudbanck]

It's not that easy. You need the nice word "substance" for your company to avoid be taxed where you live. It's same for all such offshore company setup's not only US LLC.

It's not that hard, just dont be a tax resident in a high tax country. It's easier to avoid becoming one, than it is to stop being one by leaving a high tax country and cutting ties.

There are lots of cool low/no/territorial tax countries in the world, no need to spend many months in high tax countries.

One thing is though that you have to tell US tax authorities every year where you are a tax resident. So it's useful to have a home base in a place like Paraguay, Cyprus, Malta, Balkans, Central America, Sub-Saharan Africa, a Caribbean island, Middle East, Asian country with territorial tax, or a Pacific Island.

 

[wonderfulboy]

you will pay tax where you live, that simple. From 2024 your name will show up public for US companies!