Recent content by kekmaw

Besides the US and Belize, where else can one get a disregarded entity? Not looking for partnerships that require more than one member, etc.

From what I've gathered it would be best to have the US LLC managed from another country to avoid PE. In another thread it was mentioned that Oman and Bahrain could be good options for this. I also heard Serbia could work but not too sure, the PE rules look a bit different than most places...

Does anyone know if Brazil is one of these mismanaged countries? Seems like they don't have PE rules besides in tax treaties but they have some other version of it.

A Panamanian trust is cheaper than Cook Islands or why the Panamanian route? You tend to hear most about Cook Islands for trusts on this forum.

I see, so just an LLC alone (even though foreign like the Belize LLC) wouldn't do the trick?

I just found out that even owning publicly listed stocks and index funds in the US would become subject to 40% estate tax on the holdings despite where you live or your citizenship. What would be the simplest and most straightforward option to go around this without any taxes? I understand...

Sounds like a great place in that case to have your manager of a US LLC there while you reside in the UAE for lifestyle.

In the case of Oman, they have corporate tax so wouldn't having a PE there make it subject to corporate tax?

I didn't. However, on one of the accounts I had a credit card with excess capital on it which they weren't a fan of. Was a one time thing though and got no warning about it.

Shouldn't this depend on what's written in the specific tax treaty, though? 1. For the purposes of this Agreement, the term "resident of a Contracting State" means: a) in the case of Georgia: any person who, under the laws of that State, is liable to tax therein by reason of his domicile...

Can confirm. Had three accounts closed earlier this year (two personal ones in two different jurisdictions and a business account). No explanations given, impossible to deal with or get an answer.

Do you have a source about the HNWI not being sufficient for DTT purposes?

With interest rates high and real estate prices high in the UAE, it makes more and more sense to get the golden visa by depositing 2M AED into a 2 year fixed-term savings account or similar to qualify for the Golden Visa. Gulf News recently published an article about that: UAE Golden Visa...

Most professional poker players that I know live in the UK as it's tax free there. I think Austria and Ireland doesn't tax gambling either.

Could this work to get (or renew) an EU drivers license without actually living there?