In this video📹, you’re going to learn how to start a tax free U.S. LLC as a foreigner🚀.
🚨U.S. Tax Haven for Foreigners🚨
Do you want to know a little-known secret about the U.S. tax system❓
The U.S. is one of the biggest tax havens in the world for foreign entrepreneurs and investors.
Tax havens are considered countries or places that offer foreign entrepreneurs and investors low to no taxes, economic security, and financial privacy.
According to the Tax Justice Network, the U.S. ranks number one in financial secrecy ahead of Switzerland, Singapore, Hong Kong, Luxembourg, and the Cayman Islands.
👉👉👉Now this video will explain how to start a tax free U.S. LLC as a foreigner including the following⬇️⬇️⬇️
✅ U.S. is a Tax Haven for Foreigners
✅ Tax Residency: U.S. resident vs. Nonresident
✅ Engaged in a Trade or Business within the U.S.
✅ U.S. Sourced Income
✅ Requirements for a Tax Free U.S. LLC
✅ Informational Tax Filing IRS Forms 5472 & 1120
✅ Our Business Formation Service to Help You Start a Tax Free U.S. LLC
Tax Residency: U.S. Resident vs. Nonresident❓
Now a question we are often asked by our clients is am I considered a U.S. resident or nonresident for U.S. tax purposes.
The first thing to understand is how tax residency applies to U.S. taxes.
The Internal Revenue Code is the governing federal law of the United States that sets out the rules on U.S. taxes.
U.S. residents are taxed on their worldwide income.
In contrast, nonresidents are taxed on two types of income:
1️⃣ income that is considered “effectively connected to a U.S. trade or business” also known as ECI and
2️⃣ “fixed, determinable, annual and periodic income” from U.S. sources also known as FDAP.
Now the first test is to determine if you are considered a U.S. tax resident or a nonresident. Watch the video to discover the test to determine your tax residency status.
🚨Requirements of a Tax Free U.S LLC for Noncitizens🚨
As a nonresident, your business is generally not considered to be engaged in a trade or business within the U.S. if it meets the following:
1️⃣ Has no permanent establishment
2️⃣ Has no employees in the U.S.
3️⃣ Has no dependent agents in the U.S.
4️⃣ All your services or labor are performed from outside the U.S. and
5️⃣ No business activity "in the U.S." that is considerable, continuous, and regular.
Watch the video to learn more about these requirements and how they apply to starting a tax free U.S. LLC.
For questions on how we can help you, book a call with us below.⬇️
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6 ноя 2023
