Hi there,
i am looking for a serious expert that can offer solution for company formation is US ad open BA with personal presence but sorting out issue of zero interest (to avoid fatca). i am resident in EU. i would appreciate people with experience and presence in US. tnx
You may ask some of the user available on this forum i.e. @Milky Moon or @NickNack or @Martin Everson I know they contribute a lot to this forum and know a lot.
@paul123 I have no presence or nationality connection with US I am afraid...never even been there...lol. My own philosophy is to avoid anything to do with the US and that means anything down to not owning a USD currency account anywhere and not transacting in USD at all.
Reason is the privacy of members agreement in LLC, no tax and the lack of CRS to Eu. who else can match that?
Georgia.
Georgia is for now not part of CRS. For privacy you can setup a Free Trade Zone (FTZ) company in one of the FTZ's like on ein Poti and pay zero tax. Georgia has a comprehensive Free Trade Agreement with EU also. You can alternatively establish a local Georgian company and corporate tax is only paid on dividends distributed at a rate of 15%. So effectively is it is also tax free if you do not draw from the company. Georgia is also a poor country you can move their and live cheaply as they have a territorial tax system and people are nice.
There is more I can say about what Georgia offers but I won't go into it here.
Hello Martin,
Can i ask you why so much against US structures? Apparently lots of business is moving there to take advantage of lack of CRS and other advantages. thanks
Hello Martin,
Can i ask you why so much against US structures? Apparently lots of business is moving there to take advantage of lack of CRS and other advantages. thanks
The US tax code is incredibly complex and anyone that claims to fully understand it either lying or just wants your money. Lack of CRS, which is filled by FATCA anyway, should not be a reason to operate in the US. If you are inclined to avoid CRS then better a low-key place. It seems 99.9% of people that want to open a structure in US do not understand US tax code or have even read FATCA agreement. Most are like robots and quote some blog where someone wrote their experience of setting up a company in the US, and that's good enough to take the plunge.
Hi Martin, i aprreciate your point of viewand altough i did read some of the pages of Fatca obviosly i do not have a full view of the US tax system. Regarding low key jurisdictions i did look into Georgia, which is very interesting indeed. The problem is how long will these small countries be able to avoid reporting? The US seem to be the only one big enough to keep doing what they are doing....and "strange" enough just yesterday come out some data about record investment from foreigner in US. i dont want to convince anyone but i am very keen to know if there is smtg specific that worries you about US LLC ? thanks
The USA controls the world and they control the EU and OECD that's why we have all the mess. Now they change the global game and turned Europe into a tax friendly area and the USA to a tax heaven with no reporting of EU citizens.
I doubt this can be good, I would for personal reasons never move my money to the USA!
