Achieve total tax-freedom through a US LLC as a Non-Resident

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  • เผยแพร่เมื่อ 21 ก.ย. 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...)
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ความคิดเห็น • 257

  • @bashvlas
    @bashvlas ปีที่แล้ว +6

    Such a high quality video, so much valuable information, and the background nature is amazing. Thank you!

  • @asifm4596
    @asifm4596 ปีที่แล้ว +1

    this is probably the best advise the gentlemen gave, a real buck saver with a ground reality

  • @OffshoreEntrepreneur
    @OffshoreEntrepreneur ปีที่แล้ว +1

    Great video, we often recommend this ourselves coupled with the right tax residency it's a great combination.

  • @Kevin-et5zs
    @Kevin-et5zs 5 ปีที่แล้ว +9

    I would recommend caution when deciding which state to use. Wyoming comes to mind as a low-tax state.

    • @GlobalizationGuide
      @GlobalizationGuide  5 ปีที่แล้ว +7

      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.

    • @mansoorabbasi94
      @mansoorabbasi94 4 ปีที่แล้ว +2

      @@GlobalizationGuide What about the annual franchise tax or maintenance tax? Do non-US citizens pay that?

    • @MAXWALKER777
      @MAXWALKER777 4 ปีที่แล้ว +2

      @@mansoorabbasi94 Sure thing they do. Franchise tax is only called tax, in reality it is more like a fee.

    • @buyahia6206
      @buyahia6206 4 ปีที่แล้ว

      @@GlobalizationGuide This reply is what I was looking for! Thank you!

    • @sultantv8686
      @sultantv8686 3 ปีที่แล้ว

      @@GlobalizationGuide i think llc Delaware annualy pay tax 300 usd non resident

  • @sdr2d2
    @sdr2d2 2 ปีที่แล้ว +1

    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.

  • @UK-Property-Tax-Accountants
    @UK-Property-Tax-Accountants ปีที่แล้ว +1

    LLCs are horrific in high taxed countries like the UK.

    • @evernight.
      @evernight. 11 หลายเดือนก่อน

      What do you mean? UK has Ltd not LLC

  • @jessikita2593
    @jessikita2593 3 ปีที่แล้ว +3

    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

  • @curfashion2106
    @curfashion2106 4 ปีที่แล้ว +8

    I was wondering if you are a non USA resident with an USA llc in Florida with a Virtual Address the rule still applies?

    • @wherewhat
      @wherewhat 4 หลายเดือนก่อน

      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?

  • @libardobarreto7932
    @libardobarreto7932 3 ปีที่แล้ว +7

    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

    • @desimonium
      @desimonium 6 หลายเดือนก่อน

      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.

  • @wznzgq1354
    @wznzgq1354 2 ปีที่แล้ว +2

    can I use this for crypto?

  • @zukk1838
    @zukk1838 4 ปีที่แล้ว +1

    Perfect. Helped me alot.

  • @AlyoshikMr
    @AlyoshikMr 3 ปีที่แล้ว

    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

  • @TeacherFlash
    @TeacherFlash 2 ปีที่แล้ว

    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...

  • @cirtey29
    @cirtey29 ปีที่แล้ว +1

    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/

    • @Crazy_Rich_Asian
      @Crazy_Rich_Asian 10 หลายเดือนก่อน

      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😊

    • @abdulrabb1616
      @abdulrabb1616 7 หลายเดือนก่อน

      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?

  • @rebal1681
    @rebal1681 ปีที่แล้ว

    Hiwever, the state in which you register the LLC WILL tax you as non resident LLC.

  • @sebastiansarmiento2692
    @sebastiansarmiento2692 4 ปีที่แล้ว +15

    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?

    • @RomilCPatel
      @RomilCPatel 2 ปีที่แล้ว

      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.

    • @vr_rosemarytax
      @vr_rosemarytax 2 ปีที่แล้ว +1

      This isn’t true you can have a multi member LLC tax free

    • @abdulrabb1616
      @abdulrabb1616 7 หลายเดือนก่อน

      ​@@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?

  • @somjrgebn
    @somjrgebn ปีที่แล้ว

    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.

  • @GOD.WINS.777
    @GOD.WINS.777 6 หลายเดือนก่อน

    Extremely interesting! You seem very knowledgeable. How does one become a perpetual traveller / resident of nowhere?

  • @danb5359
    @danb5359 2 ปีที่แล้ว +3

    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?

    • @MuzzaHukka
      @MuzzaHukka ปีที่แล้ว +1

      It can be a mailing address in your country of residence

  • @Investireinborsa
    @Investireinborsa 2 ปีที่แล้ว

    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?

  • @enishalihoward8119
    @enishalihoward8119 2 ปีที่แล้ว +1

    Video lacked essential information like u need a visa if u intend on working in the company

  • @jennifferlozano
    @jennifferlozano 2 ปีที่แล้ว +2

    Hello Chris .. what if I sell by EBay or Amazon to US customers ?

  • @tarents222
    @tarents222 3 ปีที่แล้ว +2

    gracias crack

  • @javiermartin-m4c
    @javiermartin-m4c 6 หลายเดือนก่อน

    If I have more than 30% of sales in the USA (dropshipping) do I have to pay taxes in the USA with the llc?

  • @WesleyTiffer
    @WesleyTiffer ปีที่แล้ว

    I had a call butane paint for the consult but it never came
    never receive the call

  • @zaeshanvlogs3746
    @zaeshanvlogs3746 2 ปีที่แล้ว +2

    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

    • @steveoyaro2353
      @steveoyaro2353 ปีที่แล้ว

      Hi, Did you find a way around this? Im also quite interested in this

  • @aimunraja2762
    @aimunraja2762 ปีที่แล้ว +3

    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.

    • @htsyami
      @htsyami ปีที่แล้ว +1

      Florida has no corporate tax on their LLC’s. But why pick Florida when better options like Wyoming are available.

    • @jen0495
      @jen0495 ปีที่แล้ว +1

      @@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

    • @abdulrabb1616
      @abdulrabb1616 7 หลายเดือนก่อน

      ​@@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?

  • @investbig3760
    @investbig3760 3 ปีที่แล้ว +1

    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

  • @mostafaabdelaal3905
    @mostafaabdelaal3905 4 ปีที่แล้ว

    Awesome. Thanks a lot

  • @wherewhat
    @wherewhat 4 หลายเดือนก่อน

    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?

  • @JJ-ix4zr
    @JJ-ix4zr ปีที่แล้ว

    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

    • @kokiwebs
      @kokiwebs ปีที่แล้ว

      I think so. I'm in Mexico too but not from here, and I think it's the case.

  • @marcomontecino5161
    @marcomontecino5161 2 ปีที่แล้ว

    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.

  • @danbaker1239
    @danbaker1239 2 ปีที่แล้ว +6

    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?

    • @gamalabd
      @gamalabd 2 ปีที่แล้ว

      Hi, How much tax do you add to your invoice for US based customers?

    • @stoplossmedia
      @stoplossmedia 2 ปีที่แล้ว +4

      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

    • @reachyouteachyou4649
      @reachyouteachyou4649 9 หลายเดือนก่อน

      Congrats

  • @robertwiruetin
    @robertwiruetin 2 ปีที่แล้ว

    How and where to I apply for a "Umsatzsteueridentifikationsnummer" "Ust. ID" when I want to do Dropshipping in Germany with my US LLC?

  • @fire2853
    @fire2853 7 หลายเดือนก่อน

    how can i get visa by opening LLC and starting selling on amazon?

  • @ievgeni.fesenko5636
    @ievgeni.fesenko5636 2 ปีที่แล้ว

    Very interesting!

  • @nana-fm6rc
    @nana-fm6rc ปีที่แล้ว

    What about US Estate tax???

  • @dinoramusovic5341
    @dinoramusovic5341 3 ปีที่แล้ว +1

    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

  • @mickg7001
    @mickg7001 ปีที่แล้ว

    What about bank account and CRS? Do they reporting automaticly to EU countries?

  • @jen0495
    @jen0495 ปีที่แล้ว

    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?

  • @heikomiller888
    @heikomiller888 ปีที่แล้ว

    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

  • @SoLNaTaL555
    @SoLNaTaL555 2 ปีที่แล้ว

    What if I'm a citizen of the USA, but don't currently reside in the states?

  • @tory9919
    @tory9919 4 ปีที่แล้ว

    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.?

  • @Quant-es1kl
    @Quant-es1kl ปีที่แล้ว

    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)

  • @milkovivaldi
    @milkovivaldi 9 หลายเดือนก่อน

    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?

  • @tamerhafez
    @tamerhafez ปีที่แล้ว

    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

  • @JesusGarcia-hg3py
    @JesusGarcia-hg3py ปีที่แล้ว

    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?

  • @sondosa.9051
    @sondosa.9051 4 ปีที่แล้ว +4

    If I opened llc in Delaware as non usa residence
    Will I pay any tax if I sell to usa customer

    • @elijahjohnyarra
      @elijahjohnyarra 4 ปีที่แล้ว +3

      Here's a good question

    • @kimly174
      @kimly174 4 ปีที่แล้ว +1

      hey did you figure it out?

    • @lextor4712
      @lextor4712 3 ปีที่แล้ว

      Yes, if let's say you sell eCommerce goods you need to pay sales tax for each state.

    • @maciejderen5005
      @maciejderen5005 3 ปีที่แล้ว +1

      @@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?

    • @lextor4712
      @lextor4712 3 ปีที่แล้ว +1

      @@maciejderen5005 Yes, it's exactly like that. At least in Shopify there are tools to help with the sales tax.

  • @peteranderson6068
    @peteranderson6068 ปีที่แล้ว

    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 .

  • @TheUnknown-hb4bb
    @TheUnknown-hb4bb ปีที่แล้ว

    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

  • @harryburroughs7898
    @harryburroughs7898 ปีที่แล้ว

    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?

  • @Powerplay720
    @Powerplay720 11 หลายเดือนก่อน

    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

  • @plammenn888
    @plammenn888 ปีที่แล้ว

    Can I use the $ earned through this LLC in my home country which is Bulgaria tax-free?

  • @zekizaferaydinli1250
    @zekizaferaydinli1250 2 ปีที่แล้ว +2

    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?

    • @a8s320
      @a8s320 2 ปีที่แล้ว

      1000-2000/year for various reportingd

    • @htsyami
      @htsyami ปีที่แล้ว

      You can file an LLC in a zero tax state for less than $300

  • @AdultingWithSamnang
    @AdultingWithSamnang 2 ปีที่แล้ว

    hey chris, quick question, by taking ur advice, we dont have to pay the EIN tax right?

  • @caboverdepraiakobom
    @caboverdepraiakobom ปีที่แล้ว

    Couldn't find email

  • @deepeedow
    @deepeedow ปีที่แล้ว

    Hello, I am a nonresident of the United States who would like to form a single member LLC in the U.S. to provide TH-cam 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.

  • @SheryMalik936
    @SheryMalik936 2 ปีที่แล้ว

    How this exempted income be reported on 1120 and 1040nr??

  • @manujsharma1022
    @manujsharma1022 2 ปีที่แล้ว

    Hi Would I be allowed to visit US on a Tourist Visa..after forming an LLC in USA..

  • @arsenalken996
    @arsenalken996 ปีที่แล้ว

    do i have to pay Delaware Franchise Tax if i am non-resident of US?

  • @SD-rg5mj
    @SD-rg5mj 2 ปีที่แล้ว

    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

  • @asahbiecom2798
    @asahbiecom2798 4 ปีที่แล้ว +2

    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

    • @GlobalizationGuide
      @GlobalizationGuide  4 ปีที่แล้ว +3

      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.

    • @afef975
      @afef975 ปีที่แล้ว +1

      @@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!

  • @DinoPasic
    @DinoPasic 2 ปีที่แล้ว

    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...

  • @sshetty9683
    @sshetty9683 3 ปีที่แล้ว +1

    But dont we have to pay for filing yearly returns

    • @GlobalizationGuide
      @GlobalizationGuide  3 ปีที่แล้ว +1

      There are some compliance requirements. You can read about what those are here: globalisationguide.org/usa/llc-non-resident/yearly-filing-requirements/

  • @XauAshis
    @XauAshis 3 ปีที่แล้ว +2

    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?

    • @abdulrabb1616
      @abdulrabb1616 7 หลายเดือนก่อน

      I am going for Virginia LLC ..Is viginia LLC better? Why did you choose wyoming? Plz guide

  • @AldoQuintero80
    @AldoQuintero80 2 ปีที่แล้ว

    I live in Mexico, can I still do that today 2022??

  • @parulgautam3572
    @parulgautam3572 2 ปีที่แล้ว

    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

  • @eimosd2843
    @eimosd2843 4 ปีที่แล้ว +2

    Hi, Im based in Ireland. I would like to open an LLC just only for stock/option trading. Will it work for tax benefits?

    • @thesecretlifeofhuman
      @thesecretlifeofhuman 6 หลายเดือนก่อน

      I’m based in Ireland too - did you manage to do it?

  • @aydinyasar8910
    @aydinyasar8910 3 ปีที่แล้ว +2

    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.

    • @marceltorigami
      @marceltorigami 2 ปีที่แล้ว

      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

    • @ardaaksoy9161
      @ardaaksoy9161 2 ปีที่แล้ว

      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

    • @muhammaddfaheem4566
      @muhammaddfaheem4566 ปีที่แล้ว

      @@marceltorigami LLC is single member or multi member?

    • @muhammaddfaheem4566
      @muhammaddfaheem4566 ปีที่แล้ว

      LLC is single member or multi member?

    • @eppsislike
      @eppsislike ปีที่แล้ว

      ONLY if you conduct business in the US.

  • @Shawn-vn1oh
    @Shawn-vn1oh 4 ปีที่แล้ว +1

    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.

    • @lextor4712
      @lextor4712 3 ปีที่แล้ว +1

      Ziemlich sicher weil die USA dich ja besteuert egal wo du lebst auf diesem Planeten.

    • @saskiaz.4355
      @saskiaz.4355 2 ปีที่แล้ว

      @@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.

  •  2 ปีที่แล้ว

    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

  • @sdr2d2
    @sdr2d2 2 ปีที่แล้ว

    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.

    • @sivtech
      @sivtech ปีที่แล้ว

      nope. you can open llc easily as a foreigner legally with zero problem.

  • @eduardosoares2484
    @eduardosoares2484 ปีที่แล้ว

    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?

    • @GlobalizationGuide
      @GlobalizationGuide  ปีที่แล้ว

      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.

  • @livingdead2977
    @livingdead2977 3 ปีที่แล้ว

    Make a company in Delaware then you will get taxes with 70,000K$ and your company didn’t even make single 1$ !

  • @danbaker8490
    @danbaker8490 3 ปีที่แล้ว +1

    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?

    • @GlobalizationGuide
      @GlobalizationGuide  3 ปีที่แล้ว +5

      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.

  • @jessikita2593
    @jessikita2593 3 ปีที่แล้ว

    Has anyone done with this company?

  • @jessikita2593
    @jessikita2593 3 ปีที่แล้ว

    you haven't posted but videos?

  • @haseebahmed5942
    @haseebahmed5942 3 ปีที่แล้ว

    plz recommended US state to open LLC for Amazon FBA?

  • @Aronnette
    @Aronnette ปีที่แล้ว

    Thanks for the video. As an LLC you do need to file a tax report. How can I arrange this from abroad?

    • @Stellas_Diariez
      @Stellas_Diariez ปีที่แล้ว +1

      U can hire a tax expert on upwork who will file your tax returns

  • @dietzold
    @dietzold ปีที่แล้ว

    Si tris in Brazil ?

  • @gruponetinformatica553
    @gruponetinformatica553 2 ปีที่แล้ว +1

    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?

  • @maryfreedom5
    @maryfreedom5 3 ปีที่แล้ว

    Top 5 Starts

  • @WesleyRamos76
    @WesleyRamos76 4 ปีที่แล้ว +1

    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!

    • @sshetty9683
      @sshetty9683 3 ปีที่แล้ว

      I am from India. I want to do the same.

  • @trneals
    @trneals 3 ปีที่แล้ว +4

    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!

    • @MarouaneAHD
      @MarouaneAHD 2 ปีที่แล้ว

      Hi Theresa, I am Moroccan myself, where can I contact you ?

    • @titshemingway1142
      @titshemingway1142 ปีที่แล้ว

      Go back to Morocco leaches.

    • @noapolofuckingees
      @noapolofuckingees ปีที่แล้ว

      @@MarouaneAHD Im
      Not Moroccan. It’s where my 98# is based.

    • @TheEbenflow
      @TheEbenflow ปีที่แล้ว

      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

  • @diala_the_bookkeeper
    @diala_the_bookkeeper 3 ปีที่แล้ว +1

    Is it better taxwise to register as a self emplyed or llc as a non resident ?

    • @lextor4712
      @lextor4712 3 ปีที่แล้ว +2

      Definitely LLC as non US resident as a solo member. Make sure you have no employee in the US that works exclusively for you.

  • @EduardoRodriguezRocks
    @EduardoRodriguezRocks 3 ปีที่แล้ว

    this sounds awesome but this is weird it requires that your country have 0 taxes ?

    • @GlobalizationGuide
      @GlobalizationGuide  3 ปีที่แล้ว

      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.

  • @aspirebeautyusa
    @aspirebeautyusa 3 ปีที่แล้ว

    I am from Pakistan. how I open an LLC Company?

  • @amyamy7481
    @amyamy7481 4 ปีที่แล้ว +2

    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?

    • @GlobalizationGuide
      @GlobalizationGuide  4 ปีที่แล้ว +4

      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.

    • @amyamy7481
      @amyamy7481 4 ปีที่แล้ว

      @@GlobalizationGuide Thanks a lot for the information!

    • @mohammedghamrawi2884
      @mohammedghamrawi2884 4 ปีที่แล้ว +1

      @@GlobalizationGuide So an ITIN is a must to fill the forms?

  • @KingChozen
    @KingChozen 3 ปีที่แล้ว

    I don't think LLC work for Canadians

  • @RobNovisReggioEmilia
    @RobNovisReggioEmilia 2 ปีที่แล้ว

    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?

    • @margabbys1
      @margabbys1 2 ปีที่แล้ว +1

      Usa citizen paid taxes wherever they live,this doesn't apply for usa citizens

  • @GlobalizationGuide
    @GlobalizationGuide  5 ปีที่แล้ว

    Want to open Your own LLC to run your business, but unsure where and how to do it?
    I've written a guide to help you get up and running:
    globalisationguide.org/go/openllcguide/

  • @ahmedd.masoud6809
    @ahmedd.masoud6809 2 ปีที่แล้ว

    Is this still available??

  • @thedodo1
    @thedodo1 2 ปีที่แล้ว

    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?

    • @eppsislike
      @eppsislike ปีที่แล้ว +1

      US doesn't levy VAT. Only sales tax depending which state you've incorporated your Foreign-owned LLC.

    • @abdulrabb1616
      @abdulrabb1616 7 หลายเดือนก่อน

      ​@@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?

  • @newworldmoney8926
    @newworldmoney8926 3 ปีที่แล้ว

    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..

    • @Cos3D
      @Cos3D 3 ปีที่แล้ว

      Do you live in america or outside?

    • @newworldmoney8926
      @newworldmoney8926 3 ปีที่แล้ว

      @@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.

    • @jonne125
      @jonne125 2 ปีที่แล้ว +1

      @@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

    • @redemption5294
      @redemption5294 2 ปีที่แล้ว

      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

    • @abdulrabb1616
      @abdulrabb1616 7 หลายเดือนก่อน

      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?

  • @Victokarev
    @Victokarev 4 ปีที่แล้ว

    What if you are a US citizen? Clearly this wont work, but what are the other options?

    • @xy5393
      @xy5393 4 ปีที่แล้ว

      S CORP OR C CORP, ARE ULTIMATE OPTIONS DEPENDING ON HOW MANY SHARES U WISH TO LIQUIDATE IN FUTURE?

  • @alexpawar8100
    @alexpawar8100 4 ปีที่แล้ว

    Hi Chris
    Which state is better for non US resident. as there are various fee on setup and filling .etc

    • @GlobalizationGuide
      @GlobalizationGuide  4 ปีที่แล้ว

      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.

    • @charlesbsunday6907
      @charlesbsunday6907 2 ปีที่แล้ว

      Hi Chris, Why new Mexico?

  • @experiencewithsimmy6527
    @experiencewithsimmy6527 4 ปีที่แล้ว +3

    Hi! I just wonder if this is still possible even when I'm in Japan? Thank you so much.

    • @GlobalizationGuide
      @GlobalizationGuide  4 ปีที่แล้ว +3

      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.

    • @experiencewithsimmy6527
      @experiencewithsimmy6527 4 ปีที่แล้ว

      Globalization Guide okay, thank you so much.

  • @nacho370
    @nacho370 4 ปีที่แล้ว +2

    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 🙏

    • @shykhazaz
      @shykhazaz 3 ปีที่แล้ว

      Same question, Nacho let me know if already have the answer, please!

    • @elsaucelloron1922
      @elsaucelloron1922 3 ปีที่แล้ว

      You still have to declare your income, failing to do so will result in high penalties $$$

    • @boostav
      @boostav 2 ปีที่แล้ว

      @@elsaucelloron1922 Do you mean declare it to the US or the country you are resident in?

    • @elsaucelloron1922
      @elsaucelloron1922 2 ปีที่แล้ว

      @@boostav declare in the USA, failing to do so can result in a penalty that can go up to 25k

    • @boostav
      @boostav 2 ปีที่แล้ว

      @@elsaucelloron1922 I see, you are referring to forms 1120 and 5472, correct?

  • @INSANITYWANTED
    @INSANITYWANTED 4 ปีที่แล้ว +4

    Is it possible to get Paypal without physical address and utility bills?

  • @marioolmedo2822
    @marioolmedo2822 4 ปีที่แล้ว +1

    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..

    • @kagi95
      @kagi95 4 ปีที่แล้ว +2

      Exactly. I'm doubtful if this works for a dropshipper, non resident alien with a US LLC.

    • @aman.kapoor
      @aman.kapoor 4 ปีที่แล้ว +2

      @@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.

    • @kagi95
      @kagi95 4 ปีที่แล้ว +4

      @@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.

    • @aman.kapoor
      @aman.kapoor 4 ปีที่แล้ว

      @@kagi95 I am even looking at UK taxes right now. Which country did you go with? Are PayPal and Stripe rates there 2.9%?

    • @kagi95
      @kagi95 4 ปีที่แล้ว +1

      @@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.