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The point I thought was a plus was that you'd be paying German taxes without all the German bureaucracy? Because there's definitely no bureaucracy for a Wyoming
by fakedang 4mo ago
The point I thought was a plus was that you'd be paying German taxes without all the German bureaucracy? Because there's definitely no bureaucracy for a Wyoming LLC except for a couple of IRS forms annually.
- r_lee 4mo agofrom what I know this is very much possible, you can also use tax treaties to transfer taxation to Germany. e.g. Irish Ltd that is a resident in Germany you won't have to bother with the naming problems etc. either
- ExpertAdvisor01 4mo agoUnfortunately it doesn't work like that. You are just adding us bureaucracy+ dual accounting (euro/USD) to German bureaucracy where nothing changes .
- fakedang 4mo agoMy point is that US bureaucracy is very minimal - like I said, just need to submit a couple of forms to the IRS as a foreign-owned LLC.