JOHNNY DOETHE LIFE WHISPERER

Delaware LLC , offshore banking, ideas how to save on taxes

Lukko

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LukkoNew MemberAuthor
Joined
Jul 2021
Messages
7

#1

Hi there. I am in a need of advice. I am planning to open up a single-member LLC in Delaware. I am doing e-commerce/drop shipping, so I will need to pay sales taxes and that's about it as far as I know. But I wanted to know how do I get the money out the best way? If I send money to my private EU account I will need to pay taxes 20% ( Personal Income Tax), is there a better way to save on this? Like I could get an e-residency in Malta if it's even possible because there it's only 10% as far as I checked. Or can the money stay in a US bank account, or will I need to pay taxes for that? Also, how are things going when for example I have a US company, but I do sell on the EU as well not much, but happens from time to time. How does the VAT work? Do I need to pay or I can just leave it be? Up for any other suggestions on how to save on taxes, really need some good advice as I am new to this.

Last edited: Aug 15, 2021

uplanaFake user - Alias of JohnLocke
Joined
Apr 2009
Messages
2,704

#2

Wonder if you ever figured it out or still searching for the answer?!

In case you will ever get back here then I would not set this up in the USA if you want to sell within Europe. UK and Cyprus has so much to offer in that case, it's easier, faster and better.

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