Best offshore company with Thai residency

[JackAlabama]

clear thank you so much! What if CRS still have previous country / countries? but some banks have the new one.. mixed..

that doesnt matter.
The problem is it can invite unsavory characters paying you a visit at your address. In many countries, info is very easy to obtain as there is 0 concept of privacy whatsoever.

 

[daniels27]

that doesnt matter.
The problem is it can invite unsavory characters paying you a visit at your address. In many countries, info is very easy to obtain as there is 0 concept of privacy whatsoever.

That's why I always use my mother's address.

 

[JackAlabama]

That's why I always use my mother's address.

yeah glad to see family sticking together.

 

[JackieTsan]

that doesnt matter.
The problem is it can invite unsavory characters paying you a visit at your address. In many countries, info is very easy to obtain as there is 0 concept of privacy whatsoever.

Seriously?? has this ever happened????

 

[JackAlabama]

Seriously?? has this ever happened????

that happens, just research kidnapping incidents. There are many.

 

[JackieTsan]

that happens, just research kidnapping incidents. There are many.

oh you're talking about kidnapping!! not come to force-audit... way more worrying..

 

[JackAlabama]

oh you're talking about kidnapping!! not come to force-audit... way more worrying..

that can also be happening. Just use your imagination and imagine you print out your bank statement and send it around in your neighborhood.

 

[daniels27]

oh you're talking about kidnapping!! not come to force-audit... way more worrying..

No, not only kidnapping. Some just come to your door with the newest air pods, lobster and caviar. Once you have the golden air pods in your ear playing Nickelback while your stomach is filled with 500g of caviar, you very easily hand then over your secret key to your bitcoin wallet just to stop the ordeal. They won't even have to talk about throwing the lobster at your cats.

In any case, better use some tax id from your citizenship country or elsewhere.

 

[JustAnotherNomad]

Why ECI? Are you paying taxes on your Amazon business?

I don't have an Amazon business.
There seems to be no clear answer on whether or not Amazon FBA businesses have ECI or not, but I have heard several CPA's say that they do.
So I would just expect that to be a reality. The best idea would probably to use two US companies in that case, one being taxed as a corporation and one being transparent, providing management services etc. to the corporation.

Then why you don't use US LLCs?

I wouldn't mind, I just don't at the moment. That could change in the future.
Or maybe not - since I'm planning to scale up with employees, and then there would always be local income that would be taxable.