Unchained CEO Internationalize and Slash Taxes: A Guide for Non-Americans | Unchained CEO
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Sep 17, 2024 Vincenzo Villamena, an international tax consultant, shares vital strategies for non-Americans looking to minimize their tax burdens. He covers the five flags plan for escaping high taxes while critiquing government overreach. Personal stories from his global travels add depth to discussions on freedom and government loyalty. The episode dives into establishing U.S. LLCs for tax benefits, managing foreign bank accounts, and understanding compliance issues, all crucial for navigating international tax laws and maximizing financial opportunities.
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Wyoming LLC for Non-Americans
- A US LLC is often the best choice for non-Americans seeking tax efficiency and easy banking access.
- Wyoming is the ideal state for LLC formation due to its low costs and business-friendly policies.
Maintain Tax-Free US LLC Status
- Avoid having physical US presence like warehouses or employees to keep the US LLC tax-free.
- Sell digital products or services outside the US to maintain tax-free status with a US LLC.
Optimize US E-commerce Taxes
- For e-commerce selling physical products in the US, use a C-Corp to manage effectively connected income and taxes.
- Pay your foreign service company from the US C-Corp to optimize taxable income legally.