Hacker News new | ask | show | jobs
by ExpertAdvisor01 3 hours ago
Useless + overhyped .

Company will end up as tax resident from the country where it is managed & controlled .

If there is an DTA the tie breaker rule applies and the country from where it is managed & controlled gets the right to tax .

Also you get to enjoy bureaucracy+ dual accounting in both countries .

If there is no DTA it can lead to double taxation .

And if you don't have a fixed place of management/business+ tax residency (basically nomading) a US LLC disregarded for tax purposes is a much better fit .

2 comments

There is no cake will drop from sky, and if there is, well it came with gravity
Username checks out.