Recent content by Xshore

And you have to file balance sheet with companies house even if it's dormant with HMRC.

Many US banks don't mind incoming ACH with a different name. Wire transfers might be different.

US doesn't tax services bought from outside the US as you suggested they do. FDAP is not services bought from another country. From IRS: FDAP income consists primarily of passive investment income, including interest, dividends, rents, royalties, etc. Europe and many countries however does add...

That not correct. US companies only withhold 30% on services performed in the US. 0% if the services are performed outside the US.

The salaries are taxable in Singapore right?

Maybe it's not for you then.

You can request a checkbook. And it supports ach incoming, outgoing.

Yes, I think that's the only way.

Why would it be an issue to pay VAT for your Maltese client? They should be able to reclaim this.

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

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.

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.

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".

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.

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?