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Corporate fees capped at 16.5%, with the first 2 million HKD only 8.25%.
Can all be done online and remotely as well.
Additional benefit that you can apply for an APEC visa to make traveling around easier.
Consider UAE freezone. Setup is not cheap, but corp tax 0% (9% after 1M revenue), personal tax 0%. I welcome differing opinions
As a rule, Free Zone licenses must be renewed every one to three years, and generally range in cost between 2700 to 13000 USD.
I don't know if that's accurate or not though.
These are all anecdotal information from experience and hearing founder friends. A US LLC is a good choice if your primary/majority of paying customers will be from the USA. An LLC has a lot less compliance and taxation headaches, but it is not well separated from an Individual taxpayer -- it is akin to an extension of you (of sort). This makes perfect sense for a US tax-paying individual (resident with an SSN). However, it comes with its own taxation headaches once you grow bigger as you are not paying individual taxes in the USA. At this stage, you are likely to get an ITIN.
If you have decided that a corporation in US makes sense, then it might also makes sense to stick to the C-Corp.
So, my point is -- talk to a lawyer. You are already succeeding, and you can afford a good one. Plan for the future, and if you have to pay a tad more now for that ease in the future, I suggest you do that option.
OTOH, Thailand has a pretty good determination of it you're tax resident, looking at purely the number of days resident, so if you're there less than 183(?) days, you might well have some options. However, everyone is still scrambling to work out what the Sep 2023 tax decrees mean.
If it's a tech company, and if a local accountant thinks you'll be hit by those, do you qualify to start a Thailand BOI company? There are significant local tax breaks offered by that.
Consider UAE freezone. Setup is not cheap, but corp tax 0% (9% after 1M revenue), personal tax 0%. I welcome differing opinions
Disclaimer: IANAL These are all anecdotal information from experience and hearing founder friends. A US LLC is a good choice if your primary/majority of paying customers will be from the USA. An LLC has a lot less compliance and taxation headaches, but it is not well separated from an Individual taxpayer -- it is akin to an extension of you (of sort). This makes perfect sense for a US tax-paying individual (resident…
If you're living in Thailand, how about Singapore? Corporate tax at 17%. Personal tax capped at 22%. Incorporation cost seems quite cheap, but you might want to ask them directly. They're a startup launchpad for a good reason. Plenty of American and Asian investors & acquirers. The latter is more valuable now as American investors struggle with the economy. Also really good finance infrastructure. Stripe has trouble…
Why Singapore and not, say, Wyoming that has no corporate tax. Personal tax isn't paid if you're not tax resident, and OP seems to be resident in Thailand so will have to follow relevant laws there. If ASEAN free trade's of benefit, perhaps. Or if going for a Singapore ID card then having a profitable business might be worth it. Or access to SE Asia finance. Outside these, Wyoming!
Hong Kong is another option, incorporation fees are quite low + ongoing cost is relatively low. Corporate fees capped at 16.5%, with the first 2 million HKD only 8.25%. Can all be done online and remotely as well. Additional benefit that you can apply for an APEC visa to make traveling around easier.
Consider UAE freezone. Setup is not cheap, but corp tax 0% (9% after 1M revenue), personal tax 0%. I welcome differing opinions
The setup fee is so high, that it's basically an exchange for the taxes haha! I also understand I need to pay around 90 days there.
UAE doesn't seem to care in practice, unless you need them to issue you a tax certificate. Your issue there is more with not attracting tax residency in other jurisdictions, and being able to say "I can't be resident in [Canada/Australia/other country with fuzzy rules] because I live in UAE"
Hong Kong is another option, incorporation fees are quite low + ongoing cost is relatively low. Corporate fees capped at 16.5%, with the first 2 million HKD only 8.25%. Can all be done online and remotely as well. Additional benefit that you can apply for an APEC visa to make traveling around easier.
Last time I set up there it was a headache to get a bank account though; that might have changed (but I can hardly believe it got easier).