How I Use a Foreign Owned US LLC to Pay 0% US Tax
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- Опубликовано: 8 июл 2024
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The US is well known to be one of the most aggressive tax countries in the world.
Which is why it might surprise you why actually one of the kost common business structures for global entrepreneurs who have the freedom to set up their business anywhere is a US company - specifically, a business structure called the LLC.
Because believe it or not, as aggressive as the US is towarda all of its own citizens and residents, foreign owners, ie non us persons, are able to run a completely 0% US tax company by setting up a US LLC and running it from abroad.
Despite the fact that I live in the UAE, I actually have a US LLC myself as ny main operating company that is then owned by my UAE holding company, which is what many people here do, and today I am going to explain why that is, whether you might benefit from a structure like this yourself, and everything else you need to know about setting up US LLC and keeping is compliant with all the relevant laws while paying 0% Us tax.
But there are some major caveats to this, which we will go over, so MAKE SURE you watch the entire video because this is definitely a more advanced topic which requires proper understanding or else you might end up in big trouble with not just the us but the gov of the country where you actually run this company from.
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CHAPTERS:
0:00 Intro
1:00 My business structure
2:15 What is a US LLC?
4:05 Why use a non-resident US LLC?
6:30 How to set up a US LLC
8:20 Why I use a US LLC
Tags: us LLC, foreign owned us LLC, non resident us LLC, 0% us tax, pay less tax, save on tax, pay 0 tax, tax free company, best offshore company
Very informative!
Very well explained, it is important to do things right :) Great explanation!! Editing was awesome btw
Thanks so much!
Your tax obligations as a foreign individual are as follows:
Federal Corporate Tax
State Corporate Tax
Sales Tax
Great video. You mentioned my country?😅 I will be registering a US LLC, too many restriction and limitations operating anything from here. Thanks again for the great video.
Great video! Approximately what percentage of your Stripe payments got previously declined?
Where is your accountant from then, the US?
Do I need to pay tax if im not a residence of any country with a US LLC?
Hey Tuomas , very good video . I can do better editing in your videos which can help you to get more engagement in your videos . Pls lmk what do you think ?
Your tax obligations as a foreign individual are as follows:
Federal Corporate Tax
State Corporate Tax
Sales Tax
Thanks for the video sir. Question: How you receive your youtube adsense income in the UAE? because the UAE don't have a tax threaty with the USA. Or can you use the LLC's information in your adsense and get away without the 30% tax withholding.
You have to pay the 30% withholding tax on all US viewer earnings, using US LLC will not get you around that if YOU are UAE resident
This video is so helpful but I just have a quick question about what will happen if I open a bank account in US ?Does that change anything regarding tax?
doesn't change anything
@@tuomaskiv Please could you assist me regarding this matter
Please see below answers:
Do you own the company? Yes
How do you generate revenue? Marketing services
Is there someone managing the business locally, or do you oversee it online? Online
What type of business do you operate? Could you describe its nature? It's a marketing company
Is your business registered in the USA or South Africa, given that you are a South African citizen? USA - I have a USA tax number
If you could provide a brief overview of how you manage your business, it would greatly aid my research.
I manage it from here, I have a USA bank account, tax number and company number.
*My worry is about paying tax there and when transferring money to SA, having issues with tax here*
Thank you in advance
If you are a South African citizen providing freelance marketing services to a client in the U.S. while living and working in South Africa, and your business is registered in the U.S. with a U.S. tax number (such as an EIN) how this works in terms of tax
You pay tax in South Africa
@@tuomaskivwhat if he doesn’t transfer any money which he receives on his US bank accounts to his local African bank account?
What about US VAT? you don't have to charge a US client VAT through a UAE entity. isn't it?
No Vat in USA
Sounds great, until you try to open a bank account...!
Nice video thanks. Keep in mind that with a USA based company you will need to be USA export compliant which means respecting all USA sanctions against many countries and companies / people that operate in those countries (e.g., China, Russia, Cuba, Iran, etc...)
en.wikipedia.org/wiki/United_States_sanctions