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Wyoming Non-Resident LLCs
SYNOPSIS: Home of Yellowstone National Park - Located in the northwestern part of the Rocky Mountains. The first state in the union to introduce limited liability companies back in 1977 and still very popular with virtually all of the same benefits as Delaware save that the Certificate and Operating Agreement is not as flexible as those in Delaware.
TAX PLANNING CREDENTIALSAs an integral, albeit self-governing, part of the Republic of Portugal, Madeira enjoys all the benefits of European Union membership and the Portuguese double taxation treaty network. Unfortunately the significant tax benefits granted by the EU to assist in the economic development of the country have been curtailed under the Tax Reform Act 2000, finally agreed by the EU in 2
COMPANIES• INTERNAL INVESTMENT IN THE USA:
Domestic LLC’s can prove to be very effective corporate vehicles, particularly for non- American nationals. The reason for this is that they allow for non-US citizens/green cardholders to benefit from ‘fiscal transparency’. In simple terms, this means that the profits of a domestic LLC can pass through the company and be distributed directly to the foreign owners preventing the possibility of double taxation. The corporate equivalent, known as sub-chapter S Corporations, do the same but can only be used by US citizens/green cardholders
• NON-RESIDENT LLC’S:
These need not be taxed on their world-wide income — this being the position for all other American legal entities — provided both the certificate of formation and LLC agreement has been expertly drafted. In fact, provided the company conducts no direct or indirect business in the USA and neither the managers, nominees and/or beneficial owner(s) are US citizens or green card holders there should be no US tax consequences provided there is genuine external management and control
GENERAL LLC BENEFITS
Double Taxation Treaty NetworkThe United States of America has undoubtedly the world’s most comprehensive and well-negotiated double taxation treaty network with treaties having been concluded with over 60 different countries. However, please note that such treaties can only be exploited by domestically managed and controlled companies subject to appropriate State and
Federal taxes
Read more: » Cyprus » Irish Managed Limited Companies » UK Managed Limited Companies » ---- » Belize » Gibraltar Tax Exempt Companies » Gibraltar Non-Resident Companies
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