Hi all,
I’d like to hear your thoughts on a setup involving an LLC used to manage various online income streams—such as royalties from AdSense and Amazon KDP, as well as sales of digital products delivered electronically to end customers, primarily located in a specific EU country (not Malta).
Here’s the structure:
The LLC is already active and has a Wise business account. The sole member (not a US resident) also has a personal US account in a Top Bank. Management fees are transferred from the LLC’s Wise account to the owner’s personal US account—none of which are reported under FATCA as we know, and Trump ruled out the UBO registry.
In Malta, the european individual registers as Self Sufficent and lives off “clean capital” coming from EU-based personal accounts, formally remains jobless, and pays the standard €5,000 flat tax—essentially living under the radar, jobless on the beach.
My two main questions:
I’d like to hear your thoughts on a setup involving an LLC used to manage various online income streams—such as royalties from AdSense and Amazon KDP, as well as sales of digital products delivered electronically to end customers, primarily located in a specific EU country (not Malta).
Here’s the structure:
The LLC is already active and has a Wise business account. The sole member (not a US resident) also has a personal US account in a Top Bank. Management fees are transferred from the LLC’s Wise account to the owner’s personal US account—none of which are reported under FATCA as we know, and Trump ruled out the UBO registry.
In Malta, the european individual registers as Self Sufficent and lives off “clean capital” coming from EU-based personal accounts, formally remains jobless, and pays the standard €5,000 flat tax—essentially living under the radar, jobless on the beach.
My two main questions:
- What are the realistic chances of this setup being flagged by Maltese authorities?
- For selling digital products, the individual is weighing two options:
- Option 1: Use a platform like Gumroad, which handles VAT and acts as merchant of record, so the LLC’s name never enters EU tax systems.
- Option 2: Sell under the LLC directly and use Hellotax to register and manage VAT in the relevant country (cannot register to the OSS since the company is extra-EU). This is for sure the riskier approach.
