tax

Hello Everybody, About a month ago, I created an LLC in the USA through an online service. I also paid extra so they can handle the EIN creation for me. Now, I have to file for the BOIR report, which requires an EIN. I'm wondering if there is a quick way to check directly from the IRS if...

Hi everybody, In which country could I set up an offshore company with a 0% tax set up where I’d pay no sales taxes, and no taxes when paying dividends? Is UAE the best option? I’d like something quick and simple to set up. Also, if you could suggest some countries where I could live and...

Hiya, SWIM had been contacted by PT tax authorities about the short but relevant period they lived there. SWIM would appreciate if anyone on here can point them to the very best Portuguese tax accountants and taxlawyers with crypto knowledge. Bonus points if they worked with them already and...

Hi. Looking to invest into the US stock market but because I'm a nonresident alien living in Europe I am at risk of getting nearly half of my portfolio confiscated by virtue of the egregious estate tax the US has set in place for nonresidents investing into US domiciled securities. I have been...

I see comments on here discussing trusts etc Might be better to tailor group sections based on user net worth’s so as to ensure the best advice seeps to the correct people opposed to people trying to do things they can’t for various reasons such as costs etc Also factoring in NWs tailoring in...

If you're a contractor that's finding IR35 and similar rules challenging, and Umbrella or loan-based structures don't or haven't worked for you previously, get in touch.

Hi all! I'm a Canadian citizen, Canadian tax resident, and a single guy. Neither myself not the company owns any real property. I have a CCPC small business. I am the only shareholder and employee. It has about 500k in retained earnings. I currently pay myself as little as possible via...

Good morning everyone, I think many will find this question interesting. I saw a viral TikTok video about a company offering Cyprus trusts as a solution for Europeans. Here’s the idea: 1. Open a trust in Cyprus with a Cypriot lawyer as the trustee. 2. Sell your intellectual property to the...

https://www.thephuketnews.com/new-overseas-income-rules-92533.php Hit the wire this morning

Context: I own an Austrian limited (GmbH) for a few years now. Personally living in Europe. The company is a holding vehicle, mainly invested in the stock market, physical gold and a little crypto + forex trading going on (however the latter mostly disregardable) I expect a 7 figure payment due...

Hey there, SWIM is a Portuguese tax resident under the NHR scheme and lives in Portugal for at least 6 months a year. SWIM is doing independent advisory work for companies outside of Portugal to the tune of 6 figures USD per year. How viable is it for SWIM to set up an entity such as Delaware...

As a non-domiciled tax resident in the UK, I plan to establish a US company to publish an app on Google Play and the App Store. I intend to open a Mercury bank account to receive revenue from Apple and Google. My ultimate goal is to apply for a UK innovator visa, but I need to set up a company...

I currently have a big problem, namely that my company takes in several million per year in profit. However, we only keep the money in crypto and do not pay it out to banks, how could we even, banks in the UAE are very strict when it comes to crypto. So we are forced to leave the money in...

I own a company and we receive millions in USDT or BTC each year. Now with 9% corporate tax I need to pay taxes in UAE but our bank accounts are almost empty as we RARELY use them as they won’t accept our crypto payments. So what happens is 99% of our income remains in crypto and I need to pay...

For me things are pretty complicated in UAE, I don’t understand wether I need to pay taxes on my Freezone company from 01/06/2023-01/06/2024 or does it start from beginning of 2024 till end of year. Need to mention that I fully qualify to pay taxes due to 3M and 375k rule. According to the...

I've read several threads about withholding tax on this forum. I would like to know if I need to pay ongoing taxes on the following wealth I accumulate over a 12 – 24 month period.I am deregistering here in Norway where I have always lived.Moving to Switzerland and setting up an XYZ AG where I...

If the person (not UK citizen) received some affiliate program income on one platform outside UK and used ID documents from different country on the platform while living in UK. Didn't declare that income and then left the UK. If the person will disclose undeclared income and pay the taxes for...

dear, I am a Dutch citizen who is living in Thailand for a few years now I started 8 months ago with affiliate marketing and my next step is to maybe open an LLC. Someone mentioned that a C-Corp from Delaware could be an option. In fact it was called: No Questions Asked Tax Free C-Corp...

Hello, I am currently preparing an iGaming service. We are setting up our company structure with an Anjouan license + a Belize corporate (for holding the license) + a Cyprus subsidiary (for EMI), but I am uncertain about the tax structure. All transactions and funding are managed through the...

Hello! Through the help of this forum I figured that the UAE maybe imposed 9% corporate tax on day/swing traders. The UAE government recently released conditions stating that a natural person (individual) who conducts 'Business' or 'Business Activity' will be subject to the 9% corporate tax...