Achieve total tax-freedom through a US LLC as a Non-Resident
HTML-код
- Опубликовано: 14 окт 2024
- Full article: globalisationg...
Want me to set up an LLC for you? Go to globalisationg... and click on the offer.
E-Mail me at hello@globalisationguide.org
Operating your business through a US LLC can be an excellent option for non-US citizens who don't live in the US.
A US LLC offers you:
⭐️ A jurisdiction with a high reputation
⭐️ First class banking and payment processing
⭐️ The option to achieve a zero percent tax rate
This is what you need to do:
✅ Move your residency to a low-tax or no-tax jurisdiction (e.g. Panama)
✅ Incorporate a single member US LLC, for example in Wyoming
✅ Avoid EBTUS (read the article: globalisationg...)
--------------------------------------------------------------------------------------
Follow me on Instagram:
▶ / chrisnatterer
Join My Facebook Group For Taxes, Company Setups & The Nomad Lifestyle 🏴:
▶ / globalizationguide
--------------------------------------------------------------------------------------
Best International Phone Plan 📱
globalisationg...
g.co/fi/r/H755C1
Open Your Own US LLC /w Bank Account Fully Remotely 🇺🇸
globalisationg...
--------------------------------------------------------------------------------------
Need help setting up your own US LLC, choosing a residency, or getting a 2nd passport?
Schedule Your Consultation Session With Me:
▶ globalisationg...
Such a high quality video, so much valuable information, and the background nature is amazing. Thank you!
this is probably the best advise the gentlemen gave, a real buck saver with a ground reality
I would recommend caution when deciding which state to use. Wyoming comes to mind as a low-tax state.
For non-US citizens it really doesn't matter too much, as they are not paying any US tax in most cases anyway. Also state reputation doesn't play a huge role in my experience.
@@GlobalizationGuide What about the annual franchise tax or maintenance tax? Do non-US citizens pay that?
@@mansoorabbasi94 Sure thing they do. Franchise tax is only called tax, in reality it is more like a fee.
@@GlobalizationGuide This reply is what I was looking for! Thank you!
@@GlobalizationGuide i think llc Delaware annualy pay tax 300 usd non resident
Great video, we often recommend this ourselves coupled with the right tax residency it's a great combination.
Also another point, if you set up the LLC and elect to have it treated as S corp or C corp for tax purposes, then you are allowed to own LLC as a non US person. The Pass through election for taxation you are talking about in not allowed if you are not a US person because the government knows they can't tax foreigners. Again many people might be doing it, but believe me it is illegal and when trouble arises they have no defense.
Extremely interesting! You seem very knowledgeable. How does one become a perpetual traveller / resident of nowhere?
he charges you for 30 minutes 147 usd I thought it was expensive, if it was that amount for opening the LLC it would be acceptable
Thank you. great video. I have a question, When registering an LLC in Wyoming, can I put a New York mailing address (friends house..), or does it have to be from Wyoming as well?
It can be a mailing address in your country of residence
Not 0 tax, I'm a solo entrepreneur and have a US LLC and I live in Africa. We are liable to 15% federal tax + state tax if applicable, I chose NM it has not state tax but you have to pay maintenance fees for the LLC via agent/
How are you friend! Your LLC is also registered in New Mexico? Mine is, and I'm from Kazakhstan. So no state tax in NM, but what's maintenance fees? Do you pay any other taxes specific to NM state? I'd appreciate your answer😊
please guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?
LLCs are horrific in high taxed countries like the UK.
What do you mean? UK has Ltd not LLC
Most banks required a address to open an bank account. Once I sign up for a virtual address and be able to open a bank acocunt (for example: Wells Fargo) will I still need to pay tax? Since I understood that if you have a address you then need to pay tax in this video
No. Since you have a virtual address, you physically don't have a business at that address or have a permanent residence at that address. By doing so, you would be subject to their taxes. It's pretty much a passerby if you're a non-resident from another country and have acquired the LLC.
I was wondering if you are a non USA resident with an USA llc in Florida with a Virtual Address the rule still applies?
have you got your question answered? Is it still valid in 2024? As a non-resident of USA. I want to know that same question if that's possible to save tax or not. As I just want to open up my market and nothing else. Will having an LLC help me in it?
Hello, I was thinking of opening an LLC in the United States (Florida) but I am unclear about the tax obligations that I will have and how much exactly I will have to pay. Could you please guide me on that? I am a non-resident. My main business activities will be ecommerce and online retail.
Florida has no corporate tax on their LLC’s. But why pick Florida when better options like Wyoming are available.
@@htsyami Hi what taxes do i need to pay in wyoming if i am a non US resident and let's say earning less than 100K annually with my LLC
@@htsyamiplease guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?
Hi Chris, would this work for a US LLC that has two owners that are both non-residents? or is this only for single owner LLC's?
It’s only for single member LLCs. You could try and have a offshore corporation own the us LLC then you could have two owners own the corporation.
This isn’t true you can have a multi member LLC tax free
@@vr_rosemarytaxplease guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?
can I use this for crypto?
Is it still valid in 2024? As a non-resident of USA. I want to know that same question if that's possible to save tax or not. As I just want to open up my market and nothing else. Will having an LLC help me in it?
Hiwever, the state in which you register the LLC WILL tax you as non resident LLC.
I incorporated in Wyoming based on this video, after 5 years of research this was the single best piece of content I found and made me take the plunge so big thanks to you my man Chris!
Quick question: Do you know if I should continue giving US clients a W-8BEN since I am a NRA and have no US source income, or should I now give them a W-9 because the company despite being a disregarded entity?
Hi, How much tax do you add to your invoice for US based customers?
Hi, how has the experience been so far with the Wyoming llc, i am interested in setting up one as well. Did you run into any issues or has everything been running smoothly? Also which tax form did you end up giving clients, the W-8BEN or the W-9
Congrats
If I have more than 30% of sales in the USA (dropshipping) do I have to pay taxes in the USA with the llc?
Hello Chris .. what if I sell by EBay or Amazon to US customers ?
I do not belive not US residend has no obligations to pay the taxes. According to US law if you are owner of LLC you should pay the taxes from net profit of your company. Does not matter if you are resident or not. No exceptions.
Please, correct me if I am wrong
Congrats for the video.
I'm not a US citizen or resident.
If i own a non-US-company who owns 100% of a single-owner-US-LLC and this american company buy and hold stocks and then periodically receive DIVIDENDS from these shares, WILL THE COMPANY BE TAXED IN THE US?
Dividend payments are quite different. Dividend payments from a U.S. corporation to a non-US resident (which would be your non-US company, via the pass-through LLC) are generally subject to U.S. withholding tax.
But how is it about paying out dividends? I heard, it is not possible with an US LLC, so what would you recommend there? I live in Vietnam and need to be able to pay dividends somehow :D
Hi,we are starting a truck dispatching company (llc) (non us resident operating in asia) and we just provide our time and services to other truck businesses IN the USA and charge them. We DONT have an office or an employee in the USA, are we included in the tax givers? What happens if we fail to pay tax as we assumed we are not taxable? as I am worried as differenct CPAs are saying different things to me
Hi, Did you find a way around this? Im also quite interested in this
It's quite sad for US citizens when they realize how LLCs have a better quality of existence than, oh I don't know, actual US citizens... Might as well form an LLC, renounce your citizenship, and go to places that actually care more about their citizens.
Consider the following math:
Lucky $200k/year --> US Citizen pays 32% ($136,000 USD remains) in federal tax. An LLC owned by non-citizen pays 0% in federal income taxes, and back to 32% if owned by one US-citizen (21% if multi-citizen owned). That means their effective, after tax rate (USD/hr) for the same work is $65/hr for citizens and $96/hr for non-citizen owned LLC. Put another way, The non-citizen owned LLC only has to work 68% of the hours a citizen would...
And what do the citizens get? Terrible health care, terrible education system, rising crime and school shootings. And the list goes on. Sadly once the US removes these loopholes, they'll no longer be the same center for international trade they once were. The outcome will still be negative for citizens.
Enjoy the tax-free, non-citizen LLC membership while it lasts. I may just bail and do the same. Just know this can't possibly last through the coming decades, it's just too unsustainable for the local citizens. Prepare for that transition accordingly.
If a man open a llc in wyoming no resident and no citizen...where he can live the rest of the year to pay 0 taxes?
Hi, you help me a lot. I have one question, maybe i have i cant work what i planed and i must close my llc. Is proces complicated? Im dont think becouse i have strong faith in my idea, but im want to pick up some more information before i start. Tnx a lot
Two years ago I started online selling recently I changed my business to Amazon usa with an llc for non residents im from Mexico so US and my country have some good deals for commerce, im not an expert I only have sold around 25 k in sales revenue in us and it’s true Amazon gives to me the taxes but in my understanding I will still need to pay taxes in my mother country
I think so. I'm in Mexico too but not from here, and I think it's the case.
Sorry the title says ..."US LLC as a Non Resident", but in the video you say, "here are the benefits for you of incorporating an LLC in USA if you are a not a US citizen". I am a US citizen, but not a US resident at the moment, I am an expat, as they now call Americans living abroad. Is there any difference between being a citizen or a resident of the US for incorporating.
Hi Chris, what is the cheapest cost to create a LLC business in the US?.. and after creating the comoany, what types of expenses will we encounter?
1000-2000/year for various reportingd
You can file an LLC in a zero tax state for less than $300
Hello, I pretty much understand the taxation and how it would work here but I need to understand better, let's assume I have customer data on my local server in Germany. Well whos laws apply? Even if you come from a high tax jurisdiction, it makes sense to register in the U.S. because the data and privacy laws in the EU are just flatout nuts and impossible to deal with. But is it really so? Wouldn't the German government send in some inspection to tell me I can't do this or I can't do that? Can this crazy government tell me "yes you are registered in the U.S. but we get to control how the data is saved". Because then... all this mess is for nothing...
Isn't it better then to just register a C corp and hire someone to install servers and then tax everything in America and just pay out a small divident to survive and be taxed only for that in these small European shithole countries and that's it...
Hello and thank you a lot of videos, I went to see like this and it's really very instructive, thank you very much on the other hand I speak very bad English and I'm not sure I understand everything, Could you tell me how I can pay myself as a foreigner, I am tax resident in France and my LLC is located in the WY
thanks a lot for all these informations
hey chris, quick question, by taking ur advice, we dont have to pay the EIN tax right?
Hi Chris, great vid, so simply sums up a complex subject. By the way, how did you record such good audio on this video when it's so windy where you're recording?! Whats your mic and cam set-up?
Thank you, appreciated.
I was using an Osmo Pocket to record the video, and I am wearing a 50$ lapel microphone with a long cable. Video was recorded in Rio, and yes, it was quite windy.
Hi Chris , I live in Cayman and setting up a retail business for cayman resident . I have no business or staff in US and . I need access to. A good payment system . Can I get Atlas Strip ? Would I pay be tax’s ? Cayman Is tax’s free and don’t a tax’s association with US .
Can you help advise on how to do this? I might be interested in working with you since I am looking for tax solutions (anon account)
Does it work if I am a content creator on Facebook and I get paid from Facebook? Right now facebook is charging me with a withholding tax
I would start a online store. Im local based in germany. If i start a wyoming llc and dont have employees in USA so i dont have to pay taxes right? I am scared that the german government can find out that i have a company in the US. Or do you think there is a way to open a LLC that the government dont know about it? Please let me know
You would not have to pay taxes on the US side. However operating an LLC from Germany legally, will not lead to any tax benefits. I do not recommend to operate in a way that does against the tax laws, if you live in a G-20 nation. However the German government at this time would have almost no way to ever find out that you are the owner of this company.
@@GlobalizationGuide let's say that he will start his business online with Amazon fba on Usa and he live in Europe! So he need LLC in USA , bank account and virtual address ! Ok ! Then when he will make money ..how can he spend his money in his original country when his bank account in the USA !!! His original country will know about his business if he try to spend the money on his original country! Then he will stuck in problem. With his county!! Any advice please ...i have the same situation!
If we set up an LLC two people from Spain are we also exempt from paying taxes? Or are only non-resident LLCs formed by one person exempt from paying taxes?
Hey Chris. Being a non resident with a US LLC, do i need a business permit? I just want to use it to sell on ebay
Thanks for the video. As an LLC you do need to file a tax report. How can I arrange this from abroad?
U can hire a tax expert on upwork who will file your tax returns
Hello, I am a nonresident of the United States who would like to form a single member LLC in the U.S. to provide RUclips and other music platform services from my home country. Am I subject to U.S. income tax? Do I need ITIN or only EIN in this case.
Hi Chris, how about federal tax on non-US incomes? Because it seems feds never give up on their portion regardless of the source of income or the residency. Flat 30% income tax for LLC members is what I read. Still didn't get very clear answer though.
Hey Aydin, currently with the same thoguhts, Did you got an answer? I am clear of the state taxes but not of federal taxes. The info on this topic is so unclear, please help me haha
merhaba, benim okuduğum kadarıyla iş yurtdışında gerceklesiyorsa vergi gerekmiyor, ama yine de 5472 ve 2 tane daha belgeyi doldurup göndermek gerekiyor. Benim çözemediğim nokta ise PayPal'in irs'e kazanc vergiye tabii imiş gibi bildirimde bulunmasi (1099k diye geçiyor) bunun önüne nasıl geçeceğimi bilemedim. Bilginiz varsa paylaşabilirseniz coksevinirim
@@marceltorigami LLC is single member or multi member?
LLC is single member or multi member?
ONLY if you conduct business in the US.
What about bank account and CRS? Do they reporting automaticly to EU countries?
hello In the case of a non-resident alien owner of LLC that sells on Amazon, Amazon may request a utility bill for the company. In this case, do I pay taxes because of a utility bill ? thanks
Is there anywhere i can read about taxes that I need to pay in Wyoming for a dropshipping ecommerce company earning less than $100k annually?
how can i get visa by opening LLC and starting selling on amazon?
Whats the best pay to set up a company for tax purposes having the owner living in London Uk owning a LTD company in London but pretty much drop ship classic cars purchased In the USA then sold worldwide?
May I have a LLC company which do business in US at 21% tax (real estate) and, at the same time, do business at stock exchange 0% tax?
How and where to I apply for a "Umsatzsteueridentifikationsnummer" "Ust. ID" when I want to do Dropshipping in Germany with my US LLC?
Hello
Anybody can help me to find a reliable source where I set up the USA LLC for non resident that I can trust to deal with ?
Greetings
Video lacked essential information like u need a visa if u intend on working in the company
if i register a company in united states is that a step to migrating to us and if so will being a resident now introduce a problem
I had a call butane paint for the consult but it never came
never receive the call
Great video, I’m actually in this exact situation. Do you have to filed anything or you just don’t do go into the process of doing the taxes? Thanks 🙏
Same question, Nacho let me know if already have the answer, please!
You still have to declare your income, failing to do so will result in high penalties $$$
@@elsaucelloron1922 Do you mean declare it to the US or the country you are resident in?
@@boostav declare in the USA, failing to do so can result in a penalty that can go up to 25k
@@elsaucelloron1922 I see, you are referring to forms 1120 and 5472, correct?
If I opened llc in Delaware as non usa residence
Will I pay any tax if I sell to usa customer
Here's a good question
hey did you figure it out?
Yes, if let's say you sell eCommerce goods you need to pay sales tax for each state.
@@lextor4712 Is this counted on each transaction - for example, as a Wyoming LLC I sold 10 goods for NY customers and 5 for Florida customers, so I pay 10 x NY sale tax rate + 5 x Florida tax rate, right? Or is it somehow different calculated?
@@maciejderen5005 Yes, it's exactly like that. At least in Shopify there are tools to help with the sales tax.
How about U.S. estate taxes? What happens when the LLC owner dies, and for example, there is money in that LLC account in the U.S.?
Hi, Im based in Ireland. I would like to open an LLC just only for stock/option trading. Will it work for tax benefits?
I’m based in Ireland too - did you manage to do it?
Hi, I’m a US citizen and living in Italy. I want to set up a LLC to start an online business and pay taxes in the US (Fba and dropshipping in the US market) because taxes in Italy are really high. Is that feasible - given where I live?
Usa citizen paid taxes wherever they live,this doesn't apply for usa citizens
Can I use the $ earned through this LLC in my home country which is Bulgaria tax-free?
Hi, i want to start website to sell products in Europe? Or maybe even US What is the best solution for me? Thanks in advance...
What if I'm a citizen of the USA, but don't currently reside in the states?
Hi Would I be allowed to visit US on a Tourist Visa..after forming an LLC in USA..
What about US Estate tax???
Hi, I work as a trade on a US broker account. Could you let me know If an US LLC owned by me could operate with shares in US Stock Exchanges at a US broker? I'm Brazilian. Muito bom te ver no Arpoador! :) Thank you!
I am from India. I want to do the same.
do i have to pay Delaware Franchise Tax if i am non-resident of US?
Hi Chris, would an LLC of 2 foreign members and residents of Spain whose activity is not considered as ETBUS would have to pay taxes in the United States?
It's a single member LLC or multi member LLC?
It would suffer income tax as you are also taxed on your world wide income.
Hi,I'm from india & i applied for a llc in Wyoming and got it on October,2020. Now i don't know how to file the ITR. Can you give me the process?
I am going for Virginia LLC ..Is viginia LLC better? Why did you choose wyoming? Plz guide
Thank you for your great video as always.
I would like to ask you about what you comment in the video:
As a non resident USA with LLC, when I send an invoice to a US customer business, I dont have to set any taxabe price on it, Do I? I mean, just the price for the service or product without any tax. So the locals can not deduce any tax as they did not pay any. Will they be happy with that? Thank you in advance Chris.
Any updates on this?
Hello Chris , I'm from india
I require GST number to to start dropshipping in usa for sole proprietorship
How many will have to paid
How this exempted income be reported on 1120 and 1040nr??
Hi. I’m very interested in learning more. I have an LLC I set up last year in Missouri. I later updated my resident status on my passport to non-US Citizen. I also have a 98# from the IRS (Morocco) and I’ve been wondering how to incorporate all of this and also get my current employer to receive the w8Ben form. Please help!
Hi Theresa, I am Moroccan myself, where can I contact you ?
Go back to Morocco leaches.
@@MarouaneAHD Im
Not Moroccan. It’s where my 98# is based.
Hi Theresa, well seems like God wants you to get to that reality because I know of some people who can provide you with full access to financial freedom, and I give you my word they’re legit too. These are not those forex trading scammers I speak of btw, these people, some whom are moors too, actually have thousands of followers on Instagram and know what they’re doing. So what is your instagram? I’ll message their profile accounts to you there, before you write this off please just trust me on this ok? Feel it out if anything, I promise you you’ll be grateful. I’m try’na help my people as much as I can
Is it better taxwise to register as a self emplyed or llc as a non resident ?
Definitely LLC as non US resident as a solo member. Make sure you have no employee in the US that works exclusively for you.
Make a company in Delaware then you will get taxes with 70,000K$ and your company didn’t even make single 1$ !
But dont we have to pay for filing yearly returns
There are some compliance requirements. You can read about what those are here: globalisationguide.org/usa/llc-non-resident/yearly-filing-requirements/
I live in Mexico, can I still do that today 2022??
Do you guys know if an LLC formed in the US, on New Mexico that being of one foreign individual when invoicing their US clients does it have to include VAT or any other taxes as part of the invoice?
US doesn't levy VAT. Only sales tax depending which state you've incorporated your Foreign-owned LLC.
@@eppsislikeplease guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?
I guess this has changed because I setup my LLC in WY and it is lower tax but you have to pay federal income of 30% even though I am a non-resident according to chartered accountant I hired in the US..
Do you live in america or outside?
@@Cos3D - Outside but maybe because the employees that are doing the work for my amazon business live in the US. If you know something else then please let me know. I will have a talking to this tax professional I hired in a serious way... Thanks for your reply.
@@Cos3D have you filed the proper forms to the IRS before? If so, have you done it yourself or payed someone else to file them for you?
I’ve recently opened my own LLC in Wyoming as well (I’m from Norway) and all these tax questions are really messing with my head! Haha
Hey, is there kind of accountant office to open LLC in US and take in charge all the tax and forms duty? If so please refer me, thank you
please guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?
Perfect. Helped me alot.
Not entirely correct. Non us people are not allowed to own LLC in US for the same taxation reason you are talking about. They are only allowed to own C corporation stocks which is taxed differently. Sure you can own LLC unlawfully and no one will stop you from setting it up and use your methodologies to avoid taxed. But if you are caught and somehow end up in courts for some reason with a good opposing lawyer who knows what they are doing, you will be charged with tax evasion.
nope. you can open llc easily as a foreigner legally with zero problem.
this sounds awesome but this is weird it requires that your country have 0 taxes ?
You must be either a resident of a country with no income tax, a country with a territorial tax system (and no CFC rules) or a fiscal nomad, for this setup to really make sense from a tax perspective. If you are a resident in most of the Western countries (EU, Canada, Australia etc.), then most of the time this won't make sense for you from a tax perspective.
Moin moin,
ich bin in Deutschland geboren und aufgewachsen. Durch meinen Mutter habe ich einen Amerikanischen Pass. Muss ich eine US Steuererklärung machen, obwohl ich 0 Einkommen in den Staaten habe.
Ziemlich sicher weil die USA dich ja besteuert egal wo du lebst auf diesem Planeten.
@@lextor4712 gibt es irgendwelche deutschen Steuer Apps oder tool/Programme Hilfen. Die Steuer machen lassen ist sehr teuer und ich mach nicht mal die deutsche Steuer selbst.
Hi Chris
Which state is better for non US resident. as there are various fee on setup and filling .etc
There are a number of factors this will depend on. If you are not planning to have any US source income it doesn't matter too much, and I regularly recommend New Mexico.
Hi Chris, Why new Mexico?
Very interesting!
Works only 100% safe if you are tax resident in Monaco, Oman, UAE or any other income tax free jurisdiction.
Of course this is only for the US side, your personal tax residency is not being affected by this.
DEAR FLORIAN, WAKE UP MY FRIEND FROM THE DAY DREAM. I LIVED 10+ YEARS IN THOSE COUNTRIES U MENTIONED IN GCC AND THEY HAVE JUNGLE LAWS. ANYTIME THE KING OR PRINCE'S DOG CAN BITE U IN TO PIECES AND THEN U WILL NEVER BE SEEN IN LIFE. The ex head of Dubai Courts, ex Head of Dubai Immigration were imprisnd for life with no evidences. It's sad, yet true. Even US+UK citizens have no power in the country. Hence, I set up my firms in excellent jurisdictions and quit. Will never fly by GCC airlines, nor thru their countries. On contrary if you are working for BLACKWATER of Prince, then surely u'll receive red carpet welcome.
@@xy5393 I totally understand your doubts about those jurisdictions, and I am not defending or recommending GCC. I only gave samples for income tax free jurisdictions, that's all.
@@FlorianWilk true, agree
Hi! I just wonder if this is still possible even when I'm in Japan? Thank you so much.
If you have your permanent residence in Japan, you will have to pay income tax on your worldwide income. While you can often still operate an LLC from high-tax jurisdictions, from a tax perspective it usually doesn't make any sense.
Globalization Guide okay, thank you so much.
plz recommended US state to open LLC for Amazon FBA?
But I believe it is mandatory for foreigners who own a single-member LLC in the US to file IRS form 5472 along with IRS form 1120 which if not filed or filed incorrectly are penalized with a minimum of 25000$. Is it not so? With this system in place, do the foreigners who own an LLC in the US end up paying hefty taxes to the US govt? How does that work? Are there any exceptions?
Form 5472 w/ 1120 is mandatory, but not something to be worried about. Once a year you hire a CPA (or my company) to fill those forms, and that's it. And Form 5472 has nothing to do with taxes, but is purely an information return.
@@GlobalizationGuide Thanks a lot for the information!
@@GlobalizationGuide So an ITIN is a must to fill the forms?
Couldn't find email
I've check this with bookkeepers un the US and they said all companies un USA must Pau Federal Taxes. Have you done ir personally? There is a lot myths on internet..
Exactly. I'm doubtful if this works for a dropshipper, non resident alien with a US LLC.
@@kagi95 Any information about taxes for non-residents with a US LLC (single member)? I am also hearing that we have to pay taxes, but this guy is says something different.
@@aman.kapoor In the end I decided to not go with a US LLC or C-Corp. But rather in a relatively low tax EU country. I suggest contacting a real accountant.
@@kagi95 I am even looking at UK taxes right now. Which country did you go with? Are PayPal and Stripe rates there 2.9%?
@@aman.kapoor Romania. But Stripe is not available yet. Also take a look at CFC rules in case you'll live in some other country than your biz.
I am from Australia, I just got a USA LLC through an agent and they are charging me set up costs and monthly subscription but I have not started the business yet. Am still in the process. Do I really need to pay all these fees to set up or is it completely unnecessary? Please I need to know as am new to this.
It depends which company you chose.
You are probably being ripped off, if you are paying a monthly fee.
@@GlobalizationGuide The agent's name is Pacific Corporate Service. Can I use a Australian Business name to sell on Amazon USA?
you haven't posted but videos?
What if you are a US citizen? Clearly this wont work, but what are the other options?
S CORP OR C CORP, ARE ULTIMATE OPTIONS DEPENDING ON HOW MANY SHARES U WISH TO LIQUIDATE IN FUTURE?
Has anyone done with this company?
Si tris in Brazil ?
Awesome. Thanks a lot
I am from Pakistan. how I open an LLC Company?
So if you not eligible to pay US taxes, do you have to pay them to your home country or are you totally free form taxes? What about Delaware income tax, do I still have to pay that?
There are no tax obligations on the level of LLC (except for when that business has economic nexus in the US).
You do still have your personal tax obligations. If you live in a country with worldwide taxation, you will have to pay taxes there. If you live in a country with territorial taxation, like Panama, Georgia etc. there won't be any further taxes.
@@GlobalizationGuide I'm panamanian, I live In Panama, But I've got an LLC in Delaware, I am not U.S resident, I have never been in U.S Territory, Am I absolutely free on filing and paying taxes with USA and Panama?
And what If I need to enter the information about the third party bank located in USA which is Wells Fargo(I don't have Bank account with Wells Fargo ) the American Bank Entity required and used as a correspondent to transfer the payments to my bank account entity in Panama? Would I have to file taxes with panama and USA?
In Addition, I have Payoneer account which provides you with an American Bank Account so you can link it to receive your payments. What about that when it comes to taxes?
Thank You!
@@henryacero1227 +1 looking forward to hear from Chris
@@henryacero1227 You are not free from filing tax reports, typically you have to file everything, however whether or not the transactions you had outside the US are reportable or not is a whole another story. Everything is not rainbows and flowers as the video might make it seem, there are a lot of things to factor in, so a CPA consultation is the most reasonable step to start with, imho.
@@MAXWALKER777 Hi! I performed the consultation with an expert on the DGI(Direccion General De Ingresos) here on Panama and they say that as long as the income source is coming outside of Panama, I am not bound to file taxes here on Panama.
Is it possible to get Paypal without physical address and utility bills?
No
Yh
Do I have to still file Form 5472 or no need to file anything to IRS?
Great video and good location.
yep you need to!
@@alessandra3391 What if your LLC is not operating or has no source of income in the US?, Thanks!
@@wojciechwisniewski4491 To nie ma żadnego znaczenia, że spółka nie prowadzi działalności. Musi Pan złożyć pro forma 1120 oraz 5472 (kara $25,000.00 za uchybienie terminowi) do 15 kwietnia każdego roku.
www.cissarz.com