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Please help me with my tax saving strategy - where to live/incorporate?

Discussion in 'General Business' started by stolpioni, Jan 16, 2014.

  1. #1
    Hi,

    At the moment I run a successful company in Sweden selling information products online (ClickBank etc).

    I have a company registered in the US as well as one in Sweden. My goal is to emigrate to the US in the future.

    Anyways. This year I'm going to make around $200,000 in profit and in the next few years I'll make a couple of million. If I do this in my Swedish company, I'll pay approximately $150,000 in tax (out of the $200k). So, that's out of the question.

    My other alternative is to sell it in my US (California LLC) company. The question is here, how much of those $200,000 will I have to pay in tax? Will it be upwards of 30%? Maybe even more? I know California has an 8,5% corporate tax...although, I don't know whether that will count or not since it is a single-member LLC that I operate.

    Will that mean that I only have to pay state income tax? What about federal income tax on top of that? Totally I'll probably have to pay like 30-35% in tax, am I right?

    If that is so, then that kind of sucks as well. So, lately I've been thinking of setting up a company in a tax haven like UAE, Bermuda, Panama etc. and then live in the Philippines or something similar until I have sold my company for a couple of million dollars. I will then take those millions and invest and start up a new company in the US.

    Now to my questions:

    1. Will there be any difference for me having the California LLC compared to lets say a company in Panama, tax wise? As long as I don't physically live in the United States of course.

    2. Will a company be sell-able if it is registered in a tax haven? Or is it easier to sell if it is a US based company?

    3. How much do I really have to pay if I own an LLC in the US?

    Would be really thankful for any help. Thank you.
     
    stolpioni, Jan 16, 2014 IP
  2. Joe@AdPatron

    Joe@AdPatron Member

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    #2
    Stay in sweden, you'll live longer. Also, the women are hotter.
     
    Joe@AdPatron, Jan 17, 2014 IP
  3. onlineaholic

    onlineaholic Peon

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    #3
    Maybe you should consider Singapore or Hong Kong? In Singapore, you don't have to pay taxes on the money that comes from out of the country (do more research - I am not entirely sure). And in Hong Kong, taxation system is beautiful!
     
    onlineaholic, Jan 21, 2014 IP