Wyoming LLC vs UK LLP

[JosephLL]

Yeah for almost 2 years, they are living in 6 months. I consider same route as they did once I'm sure they really don't got detected by the tax man there.

I'm not sure how is any of this relevant for the OP??

we just invoice that entity from our Monte company once a quarter.

He wants a MNE company. Then it's 15% cit + 15% cgt. How is this avoidable?

 

[redeye]

My thought was either a Wyoming LLC or UK LLP as a passthrough entity and we just invoice that entity from our Monte company once a quarter.

Wyoming LLC may be the best in your situation and now things have changed in the US. You get a simple & low cost setup.

 

[airborne18]

Wyoming LLC may be the best in your situation and now things have changed in the US. You get a simple & low cost setup.

Yes i chatted with the local lawyer here the other week and he did not see any issues with that arrangement either. I was hoping to chat with my UK accountant contact to get his perspective but he has gone all quiet for the time being. We will keep investigating, it is not something we need right now but most likely will be in the next 6 months or so. Indeed, Wyoming seems to be the simplest as long as you keep up with your reporting duties but then that is what the agent/accountant should be on top of

 

[happyjohn]

You want also to speak with @James Turner about the UK LLP it can't harm to get more input before you go on.

 

[myshufflemix]

Yeah for almost 2 years, they are living in 6 months. I consider same route as they did once I'm sure they really don't got detected by the tax man there.

Have you spoken to them recently? I’d be interested to know if it’s actually possible to stay under the radar there.

 

[dany]

Yes, I speak with them often and have asked again, no one contacted them while they were living there. They moved out last week, and the deregistration process was easy and didn’t require providing any information about where they went.

According to him, it's one of the few places where you can live for almost two years without paying taxes and then disappear into thin air permanently.

 

[daniels27]

According to him, it's one of the few places where you can live for almost two years without paying taxes and then disappear into thin air permanently.

I think it is possible in many countries. Even big players like Germany.

 

[JosephLL]

Yes, I speak with them often and have asked again, no one contacted them while they were living there. They moved out last week, and the deregistration process was easy and didn’t require providing any information about where they went.

According to him, it's one of the few places where you can live for almost two years without paying taxes and then disappear into thin air permanently.

Without paying what kind of taxes? Local? Many other jurisdictions do not enforce cfc rules, many do not even have them. MNE is not an outlier here?