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Hey everyone, I am an Estonian entrepreneur residing in Silicon Valley and can set an Estonian company up for you. As a U.S. resident you are subject to control
by siilats 11y ago
Hey everyone, I am an Estonian entrepreneur residing in Silicon Valley and can set an Estonian company up for you. As a U.S. resident you are subject to controlled foreign corporation taxation if US residents own over 50 pct of Estonian corporation, but there are ways around it. If you are a minority owner you need to understand how the boards work with the b-card system (digital board of directors). Reading congressional testimony on how apple avoids taxes describes a system of avoiding CFC. Estonian eresidency is a cost effective way to implement it. I am at keith@siilats.com
- beagle3 11y ago> As a U.S. resident you are subject to controlled foreign corporation taxation if US residents own over 50 pct of Estonian corporation, but there are ways around it. I have no idea what "ways around it" you might be referring to - but generally, unless it is an IRS accepted structure, even if it is compliant with the letter of the law, you can expect tens of thousands of dollars in costs of proving that compliance if you are audited. I recommend everyone who considers this option to get a really good international tax professional on board. Those are hard to find, and very expensive - but totally worth every penny.