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five benefits of incorporating an LLC in the United States of America over the last two years there have been a lot of changes in your offshore world compliance regulations have become higher economic substance regulations have reintroduced and many restrictions it's really difficult now to get bank accounts even for legit business operations so many people have started to move from their offshore business into their own - like other jurisdictions and the United States over the last year has really emerged as a prime location for online entrepreneurs all over the world here are the benefits for you of incorporating a LLC in United States America if you're not a US citizen a limited liability company is a so-called pass-through entity or tax transparent vehicle that means the LLC itself is not being taxed in the United States but the tax obligations are being passed through shooty respective owners if you as a non-us citizen and a non-resident a so-called non-resident alien incorporate a LLC United States and then have a personal residency either in a country it charges very little tax or a country that has a territorial basic sation system that doesn't change any tax on foreign earned income or your perpetual traveler and you're a resident of nowhere then you can legally operate a business that can get all the payment processing you ever want stripe papal Braintree you can get good banking with solid banks you get banking with all sorts of neo bangs that transferwise or mercury and you can make that money completely tax-free because the United States doesn't text you as long as you don't have economic substance in the United States meaning employees and offer or something like that any any kind of assets and your personal taxes your personal tax residency also doesn't charge you any type of personal income tax so now you have the best of both worlds you have a rigorous diction with a very high reputation solid banking you can give your customers invoices that they have no issues deducting in their local high tech jurisdictions but at the same time your personal tax load is zero this is probably one of the best set ups right now it's very cost effective to set up it's very cost effective to maintain it's very easy to set up you don't require a lot of documentation you don't require utility bills and this is probably a setup that many of you can really put to a great effect if you need further in term a information about how exactly to set this up where do you go what what company to use to set this up how to get all of the documents in order then send me a send me an email to the email address below this video and I can help you to guide you through this process this is Chris from offshore secrets I hope you liked this video please subscribe and I see you on the next video
Thanks for your comment Geneva Gaspari, have a nice day.
- Sonja Grismore, Staff Member
almost everyday you can pick up a newspaper and see the word tax and the headline so why has the issue of corporate tax become so contentious we met with Wilbur cannikin for KPMG and asked him to explain well I think we first need to answer a simple question and that's a question that I will admit even tax professionals like myself don't often consider and a question is what is sex of course we can find a definition in the dictionary with the dictionary only tells us House of the story in reality the destination of sex is better understood through a taxpayer's relationship what do people get for their money now people living in China for example they may have a completely different view of fixation the people living in France or Germany a nation's cultural background and history will surely influence the way people see the role and responsibility of the government however I do believe that texts around the globe can be defined by three general characteristics first of all taxes are levied to laws second taxes are not voluntary payment if a payment is voluntary we should call it something else and finally text is not the payment for a particular service you can't link what you pay to how you want it to be spent once we appreciate that text means different things to different people we can move on to trying to better understand corporate text if we consider a history effects we can see that corporate X is only a fairly recent development and in the simplest terms when a business sells suits and services to a customer you deduct a business card from the SIL and what is left is what we call the profit and it's only from this profit that a government can take prescribed percentage for corporate taxes well that seems fairly straightforward right so what is it about corporate text that causes this confusion when corporate Texas were introduced in the early 1900's this was the model and because businesses were largely based in a single country there was a very clear supply chain taxes were simple to collect they were easy to legislate easy to explain and easy for everyone to understand however as we move ahead in time the corporations began to change traditional bricks-and-mortar businesses began to revolve and they became multinational with the desire for cost efficiency different functions of a business could now be operated across many different countries and also it became possible to buy and sell internationally now what we see is that all of a sudden these corporations for dealing with more governments with different regulations different incentives and with different taxes now we need to understand that the government of each country is now claiming their own percentage of the profit and this potentially could lead or even would lead to double taxation to avoid this governments and international organizations develop text to these texts treaties divide the texting code between countries and many of these treaties still govern today's corporate tax payments in the world but over the last 25 years the nature of corporations continue control and it drifted away from these traditional models the rise of IT let corporations and the development of digital product has drawn further attention to the way corporations are currently texts intangible assets such as know-how an intellectual property are becoming a critical businesses so now as you can see the global and local corporate tax system has become extremely complicated it's large highly evil international corporations being held accountable by the same old legislation based on what in many cases is no longer relevant and corporate income tax rate let's not forget it there are also a tool used by jurisdictions to compete for more business or to attract specific industries and then it's further adds to the confusion between corporations and governments which in its turn fuels media headlines and public distress so if you ask me will this complexity be reduced in the future my simple and my truthful answer is no it will not but what I can say for certain is that corporation will continue to evolve and individual governments will continue to have different political social and economic priorities that shape their own tax policy now look what corporations governments international organizations but also tax professionals like myself can do is to work together to develop up to de section and these will have to be based on new agreed principles that better reflect today's multinational and H of the world and it can be more easily communicated and understood by everyone and I think that is the right thing to do you
Thanks Sherrell your participation is very much appreciated
- Sonja Grismore
About the author
I've studied linguistic anthropology at Philander Smith College in Little Rock and I am an expert in archaeometry. I usually feel bouncy. My previous job was biomedical engineer I held this position for 29 years, I love talking about vr gaming and noodling. Huge fan of Andrew Ridgeley I practice sky surfing and collect military items.
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