Honestly why go through all these hoops? Is the Wyoming LLC + Wise account route shut off for most Europeans?

quentindanjou 3 hours ago | parent | next [-]

Yes. Unless you have hundreds of thousands of dollars that you can invest in the company that has not even been created, you would not be able to get a visa and your company would not be able to exist.

Unless you are a startup with large investors, that route is closed.

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fakedang an hour ago | parent [-]

Who said anything about getting a visa? The entire point of my idea was about skipping German bureaucracy. The only US bureaucracy is the IRS, and 2 forms for offshore LLCs at that. Getting a visa actually defeats the purpose of the Wyoming LLC, since you'd have to pay federal taxes as a US resident. But with the Wyoming LLC being pass-through with the added benefit of zero liability (same arrangement as OP), you'd only have to pay corporate taxes and then German personal income taxes as a German resident. You don't need to step foot in the US at all.

You can't get a visa to run your own company under normal circumstances anyways, the only routes being O1, EB5 or EB1.

	▲	markvdb 28 minutes ago \| parent [-]
		You mean German CIT and German PIT I assume. How happy would the US IRS be with that?

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markvdb 5 hours ago | parent | prev [-]

Yes. Can't just emigrate. No substance in the US meaning your llc would be liable for tax as if it were an llc in the country where you reside. You'd basicly double the liabilities and administration for no good reason.

	▲	fakedang an hour ago \| parent [-]
		I wasn't talking about emigrating - just work from Europe and manage the company in the US. You only have to pay German taxes (corporate + personal) in that arrangement, and submit 2 forms to the IRS as a foreign-owned passthrough LLC.