3 ms·
Thanks for doing this! I am a US citizen considering starting a company (possibly with 1 or 2 others) to do sports betting (illegal in US). I'm happy to live
by remylebeau 13y ago
Thanks for doing this!
I am a US citizen considering starting a company (possibly with 1 or 2 others) to do sports betting (illegal in US). I'm happy to live abroad (likely in Europe where sports betting is legal/popular) and potentially hop around from country to country. I'm trying to figure out my options. My understanding is that in order to do the sports betting I will need to open up a bank account abroad regardless (likely in the UK.) Any help on the follow questions would be greatly appreciated!
1) Be a self-employed nomad or incorporate? My understanding is that with the former option I would have to change countries every 3-6 months since I would be staying places under a travel visa -- is this correct?
2) If I incorporate...
A) where should I do it?
- Is it legal to do it in the US? The income would be going into a foreign bank account, if that matters. Could I then supply my own work visa to stay abroad in the same country for longer?
- Can I incorporate in someplace like the UK? Does this carry tax benefits over being self-employed? Would this affect how long I am able to live in one country at a time?
B) what type of corporation?
- in US -- LLC? C-Corp?
- in UK -- LTD?
- other?
Please excuse my lack of legal knowledge, I'm very new to all of this. Thanks again!