Isle of Man Company + Wise (transferWise)

[stevy777]

what do the US attorneys think about this strategy?

https://www.offshorecorptalk.com/th...foreigners-non-us-residents.34484/post-182466

That's a really good call and I didn't think about asking them

I've already had my calls with them but will ask at future date soon.

Thanks for bringing that up

 

[JustAnotherNomad]

I would also look into trusts, potentially also foreign trusts (Nevis etc.).
If you reinvest all the money, there shouldn't be an issue with the branch tax, so I don't see why you would want to be taxed as US corporation.
It sounds like you don't have good advisors...

 

[stevy777]

I would also look into trusts, potentially also foreign trusts (Nevis etc.).
If you reinvest all the money, there shouldn't be an issue with the branch tax, so I don't see why you would want to be taxed as US corporation.
It sounds like you don't have good advisors...

that's great idea ! thanks for that

Would you have a good advisor to recommend on those ?

 

[Tr0nad0r]

maybe you should talk in private with @Fulton Abraham Sanchez

 

[JustAnotherNomad]

maybe you should talk in private with @Fulton Abraham Sanchez

Not really, after the wrong information he has given here (that all US LLC income is taxable in the US).

I can't recommend anyone, unfortunately. I would maybe try to find a CPA who has experience with foreign investors.
Maybe check some Facebook groups for US startups?

 

[uplana]

Maybe check some Facebook groups for US startups?

Really, I would avoid such ways of searching since most often amateurs post about amateurs. The way I always start is to contact a local advisor, ask them who they could recommend for a particular complex setup, then go from there and do my research.

Once you have the first one, doing Google research is pretty easy after that.

 

[JustAnotherNomad]

Friends of mine have moved their successful startup company to the US, to get access to US investors. They worked with some good lawyers and CPA's for that.
That's why I was thinking it might make sense to try to access the startup scene in the US. I guess you could also reach out to some incubators directly and ask who they work with.

 

[camachr]

that's useful thank you! Just one follow up question if I may:

If the Isle of Man company owns a US LLC, and the US LLC is making investments in the USA - should i open a business account with Wise / Paysera with the US LLC, or the Isle of Man company, for the profits the US LLC will generate?

(either way i will pay my US tax obligation for the investments, i just wonder which business name the bank account should be in for the US LLC investment profits?)

Hi Stevy Can you help me please with your contact for opening a company in Isle of Man?