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Recent content by Xshore

  1. X

    US LLC without taking out Dividends

    That's IRS' view, but the LLC itself can issue dividends if operated in another country/another tax jurisdiction, or outside any jurisdiction.
  2. X

    US LLC without taking out Dividends

    Yes, that's the interesting thing with a US llc, it's disregarded for taxes in the US. Profits can be kept in the company if it's not affected by other countries rules that would require them to be paid out and taxes.
  3. X

    How are Panama companies faring these days?

    You mean if the client asks about ownership structure of the LLC and discover the panamian owner? Is that common to happen? Hard to believe it's common for us companies to tell customers etc who its owners are.
  4. X

    Fun with Transfer Pricing

    What does this mean? HMRC says that SME's are exempted from "transfer pricing rules", not just documentation. https://www.gov.uk/hmrc-internal-manuals/international-manual/intm412070 But still, any expense must be "wholly and exclusively for the purposes of the business".
  5. X

    Fun with Transfer Pricing

    In the UK, SME's are exempt from transfer pricing when trading with companies in countries that the UK has a tax treaty with and which contains a nondiscrimination article.
  6. X

    Where to pay tax?

    If you stay 183+ days in Cyprus this year, won't you become tax resident for all of 2025? Anyway, isn't capital gains tax free i Cyprus?
  7. X

    Tax resident of nowhere while staying in EU?

    In which EU country would the residency be? Many countries don't make it very easy to have a residency without being tax resident, even thought the rules are often separate.
  8. X

    Seeking Advice on Opening a Personal Account as a Thai Resident with European Nationality

    This might be the reason why the other poster doesn't have it. I think if you live in SG, HK or some of the other countries those branches cover like MY, then you get their account through the HK or SG branch.
  9. X

    Seeking Advice on Opening a Personal Account as a Thai Resident with European Nationality

    Do you mean that you don't have, and can't request a checkbook, contrary to what the info says in the links above? Have you tried sending / receiving a 3rd party wire or receive direct deposits?
  10. X

    Seeking Advice on Opening a Personal Account as a Thai Resident with European Nationality

    When did you open yours? Mine can still send and receive 3rd party wires, and ACH, deposit checks in the app, and write checks. EDIT: Their info still says they accept 3rd party wires. https://international.schwab.com/fund-your-account links to this...
  11. X

    Seeking Advice on Opening a Personal Account as a Thai Resident with European Nationality

    I opened mine some years ago, but got a checkbook. Maybe they have stopped that, did they say that? But they still give you a debit card?
  12. X

    bypass 30 percent withholding tax for royalties

    How can that be? I thought you confirmed that a UK ltd owned by a non resident can't avoid the 30% withholding tax, and will also pay the 19/25% UK tax, but that can get a deduction from the 30% paid in the US. So the total tax would be 30%.
  13. X

    bypass 30 percent withholding tax for royalties

    Do you mean that if the UK company doesn't claim treaty benefits then it doesn't have to pay UK corporate tax on the income? Or would have to pay both 30% royalties and 25% UK tax?
  14. X

    bypass 30 percent withholding tax for royalties

    Thanks for the link, I wasn't aware of tax treaties have these kind of limitations. Good to learn!
  15. X

    bypass 30 percent withholding tax for royalties

    Yes if a Ltd, and then you have to pay UK corporate tax on this amount (25/19%).
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