Recent content by ampash

I know some active PA companies who use the PA company + US LLC setup. Also Pagadito has been recommended for Latin American business - if anyone has experience with this, would love to hear about it.

No ECI, no substance in the US, just global clients. Batantantan, no problem getting a PA bank account for the PA company, but connecting with payment processors can be problematic because a lot of banks have blacklisted PA. Hence the US LLC for billing.

as a US citizen you can own a foreign company registered in a zero-tax country and pay yourself a salary tax-free up to the FEIE limit (and file yearly forms), but after that is maxed out, profits are taxed, unless you then sell at least half of your business to non-family citizens of a foreign...

LOL "Introduction and help with setting up UK bank account" is up on their international package again: https://www.mintformations.co.uk/company-formation/packages/non-residents/

Dear Experts, Maybe we could clarify here: I've found quite conflicting information on the tax liabilities of paying myself as a non-resident director/employee from a UK LTD company that I plan to start. I would like to form a UK Ltd, and understand the 19-25% corporate tax, but my plan was...

Yep, will do. Was aiming for 50/50 ownership to avoid the reporting/GILTI etc. and then exempt my salary. Got an appointment with a CPA... unfortunately don't have a second passport yet!

All good options will definitely look into. I guess I thought if the offshore company owned the US LLC banking wouldn't be much of an issue, but haven't tried it yet. Thanks for your input!

Good point actually.

Wouldn't that incur a lot higher taxes? And I thought the FEIE was only for foreign employers... To be honest I would be nervous not being more diversified. Although the bottom line would come down to costs and paperwork. Thanks for your response!

Hi all, long-term traveler here but new member to the group. US citizen now based in Paraguay, looking to incorporate somewhere simply and relatively cheaply to pay myself a salary (FEIE US tax rules) and have 1 or 2 other employees. Am thinking a Panama company with a US or Panamanian bank...