It’s pretty much the same thing. The countries he mentions don’t necessarily require a local director as a starting point, he can be the director of the company himself.No, that's not the same.
All the companies you mentioned have local directors and are tax resident by default in the place of incorporation.
LLC not only is not tax resident (unless you choose to be taxed as C-Corp) and does not have local director/manager.
take a chill pill and read what I wrote!You said that OP will pay personal taxes from any income in the US LLC.
This means that you understand how Greece treats companies like US LLC and this understanding must come from some source.
To reply to your question I want to see any document that demonstrate that Greece sees US LLC as tax transparent because, unless proven otherwise, there's no concept of tax transparent entities in Greece.
And like Greece there are other countries that treat US LLC like opaque entities.
One of the is UK.
This is a document that says that UK treats US LLC as opaque entities.
So unless you have proof to substantiate your claims, what you said has 0 value.
I don't care where the company is managed, this is OP problem and if he lied to us I don't care.
The point is that If he manages the company from Greece he will not pay personal taxes. He will pay Greek CIT because US LLC is an opaque entity, like managing UK LTD from Greece.
I think the main problem is that the management is effectively in Greece. There is just a freelancer somewhere claiming to be the director.
If you think you can fool them like this, then you’ve been living under a rock for the past 10 years!
With all due respect, I was trying to explain OP that the Greek guys won't buy his story with a dude from fiverr. We both agree.It's not some random freelancer on fiver.
Yes. This would work but probably not within the cash appetite of OP.Now you tell me on what grounds a tax agency would deem a company to be tax resident in Greece if key roles are hired offshore.
You are as simple as you are incredibly naive, but go ahead and believe it, and spread your "fantastic" knowledge to these people who have never had any run-ins with the tax system before.Now you tell me on what grounds a tax agency would deem a company to be tax resident in Greece if key roles are hired offshore.
It's clear for everyone here that OP wants to run the company from Greece.
Oh, so it's an Amazon business selling products to US customers for $20M per year, making $1M in profit, but the guy running this works on it only 1 hour per day from Vanuatu, and he is paid $10 per hour?
Wow, OP got really lucky that this talented CEO is willing to work for a salary of $200 a month. Really talented guy, being able to manage a $20M company, creating $1M in profit, but he never thought of it to demand a raise for his talent. Such a humble person.
And of course he hired him from Vanuatu because everyone knows that's where the best CEOs live.
And of course there is no office because the $200 CEO can run it from his mother's basement. Makes complete sense.
With all due respect @JustAnotherNomad but I always thought that you were a better business man than running at 5% profit.Oh, so it's an Amazon business selling products to US customers for $20M per year, making $1M in profit, but the guy running this works on it only 1 hour per day from Vanuatu, and he is paid $10 per hour?
Luckily Satoshit did not dislike me here.C'mon i wasn't talking about that kind of $hit.
We would have to ask OP how much is annual profit is.We are talking about substance since ages so i thought that a company that enters into a company directorship contract with OP's offshore company by offering CMO, CFO, CEO services for a percentage of the profits could work.
We would have to ask OP how much is annual profit is.
For Bulgaria, can help with Tax solutionsorry but the same problem have someone that have company in Cyprus, Bulgaria, Romania, Malta,Dubai, etc
With all due respect @JustAnotherNomad but I always thought that you were a better business man than running at 5% profit.
We are talking about substance since ages so i thought that a company that enters into a company directorship contract with OP's offshore company by offering CMO, CFO, CEO services for a percentage of the profits could work.
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