I'm thinking of starting some youtube channels.
Any suggestions where I could/should form a company that has a US tax treaty, and minimal tax
Awesome! Can you recommend any Georgia companies that offer these services?
The US LLC if tax-transparent is like not having it. If not tax-transparent, you pay profit tax and then withholding tax on dividends.What about having a US LLC and being a tax resident in the UAE? I think I will be charged 30% in that case.
Yes, basically. But even then if you give them something fake, IRS may still investigate and then IRS will charge you back throug the payer.Yeah, I've read some comments on Telegram, so basically, if you can't provide proof of tax residency in Georgia, they will charge you 30% tax.
It is a very good country and also among those without WHT:What do you think about Armenia?
There are some schemes where you can pay literally no tax legally.You need to read the double taxation agreements!
Yes, basically. But even then if you give them something fake, IRS may still investigate and then IRS will charge you back throug the payer.
But if they have been paid, you should be able to claim them back from IRS filing the appropriate forms.
It is a very good country and also among those without WHT:
https://taxsummaries.pwc.com/united-states/corporate/withholding-taxes
I think it is not that often discussed here as taxes are higher than in the other CIS countries?
Yes, they always exist. You just need to look out for them. I think Cyprus or Georgia should work quite well. There was a couple that was living tax-free on the girl's $3M royalties in Georgia:There are some schemes where you can pay literally no tax legally.
True, has been discussed a lot of times.The US LLC if tax-transparent is like not having it. If not tax-transparent, you pay profit tax and then withholding tax on dividends.
If you go the way with a company, there are others you can check too Azerbaijan, Belarus, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Uzbekistan. Maybe a company in Pridnestrovie with registration in Moldova would do it too?
Ok, thanks. But if doing Kyrgyzstan with UAE, can you do this in UAE free zone or how to prevent taxation there?Those are not options unless you structure things properly.
First thing first you should have a UAE holding company.
The only countries that have 0% WHT on dividends with UAE are:
- Kyrgyzstan 10% CIT
- Tajikistan 18% CIT
- Turkmenistan 8% CIT
The most interesting option is Kyrgyzstan's high technology park with 0% tax on profits and 0% WHT on dividens to UAE.
Problem: you need to meet the requirements of the tax code of Kyrgyzstan and hire people.
Another company option would be forming a Georgian international company that's taxed 5% CIT and 0% WHT on dividends.
Again, you have to satisfy their requirements and hire somebody in Georgia.
Bottom line: the easiest way is to obtain Georgian tax residency by staying 183 days and receive royalties tax free.
Any ther way require capital investments that imho should only be approached when starting to see some revenue to make sense of the investment.
How did you get to this, I mean you just answered your own initial post?The solution is to find a Georgian friend and use him as a nominee. He will be a Georgian tax resident, so his taxes will be minimal. Then, he will just buy crypto and send it to you. It will be a black hat scheme.
The legal one would be just hiring a Georgian director and paying him a salary.
My mind can easily create such schemes after spending 4 years on OCT.How did you get to this, I mean you just answered your own initial post?
Ok, thanks. But if doing Kyrgyzstan with UAE, can you do this in UAE free zone or how to prevent taxation there?
The solution is to find a Georgian friend and use him as a nominee. He will be a Georgian tax resident, so his taxes will be minimal.
The legal one would be just hiring a Georgian director and paying him a salary.
Of Georgian companyGeorgian director...of what? If for a US LLC you are immediatly making the US LLC tax resident in Georgia and liable to 15% CIT upon distribution.
I think we discussed this once, see my first post. It won't work as you cannot get the tax exemption for the dividends.Of Georgian company
Ok, then we finally have the gold solution. Kyrgistan company owned by UAE holding. Is it that easy?AFAIK an UAE company that receives dividends from non resident subsidiaries is exempt from UAE CIT (if participation exemption requirements are met).
CIT for Virtual Zone Companies OR Free Industrial Zone (FIZ) entity: Exempt (0%)
Ok, then we finally have the gold solution. Kyrgistan company owned by UAE holding. Is it that easy?
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