Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

news.ycombinator.com

Post reply on HN
Print view View original

41–50 of 88 posts

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#41

Post by zaroth »

desdiv wrote: post #23
silver1 wrote: post #14

Earlier quoted context omitted.

Everybody talks about Delaware corp (as they've matured business laws) ..but very few knowt hat when it comes to taxes then Nevada and Wyoming are the best .... however recently I've heard that if you're selling stuff on Amazon or any other e-commerce store then taxes are different depending upon where you're located ... and you may not even be eligible for selling in few states - I wish someone can explain this in a…

There's zero difference tax-wise between a Nevada corporation, a Wyoming corporation, and a Delaware corporation when they're operating outside their state of incorporation. In all three cases they pay no state taxes in their state of incorporation.

Delaware has a franchise fee, but it's not onerous, ~$500.

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#42

Post by getsat »

decentrality wrote: post #11

Wow I was just thinking about this, having a cup of coffee next to a creek out on the edges of town, after asking this: https://news.ycombinator.com/item?id=8939426 Right now I'm in the United States and I'm forming a Nevada Series Limited Liability Company. I needed a Registered Agent to do that, but the question came up for me: how long do I need to be somewhere, and what kind of mailing address do I need, to not e…

Nevada does not share tax info with the IRS (even though no tax is owed), which can appear suspicious. Wyoming is likely a better choice. One advantage of a Nevada/Wyoming LLC is that they have specific laws which prevent veil-piercing of single member LLCs, something judges have been doing in other states in lawsuits. Wyoming LLC costs $52/yr to maintain, Nevada is around $200.

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#43

Post by ktran03 »

unimportant wrote: post #26
silver1 wrote: post #24

Earlier quoted context omitted.

According to the following calculator there is around 16.5% tax (on $100K income) ... you can compare it with bunch of company and it looks like Singapore is the lowest. http://www.guidemehongkong.com/taxation/topics/hong-kong-tax...

That's for locally sourced income or if you have a real office in HK. To pay no tax all your income needs to come from outside of HK in addition to not having a local operation.

As far as I know, this wouldn't work for U.S. citizens, as they are taxed on world wide income. Residents of countries (like Canada) do not pay tax on world wide income, if person in question is considered a non-resident for tax purposes (ie not living in Canada).

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#44

Post by mariocesar »

I can't give you and advice. But I'm observing a lot of foreign companies (software agencies) getting full residence in Bolivia like Cochabamba y Santa Cruz de la Sierra, I had friends working as full time programmers and doing consulting for this companies, and I had heard a lot that the owners prefers to stay here and pay taxes here, for what I know is useful for UK, Canadian and France citizens.

Here in Boliva we typically complaint about taxes management and government regulation, but looks like is a breeze compared to other countries.

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#46

Post by jwilliams »

Whilst Singapore comes up a lot as a company HQ - it's often not due to company taxes (which are _rarely_ as straightforward as you pay x%, no matter the domicile).

The big draw to Singapore is usually for the individuals - Singapore has no Capital Gains Tax (http://en.wikipedia.org/wiki/Capital_gains_tax#Singapore). At a personal level, if you're flipping a multi-million dollar business that's a big deal.

As other commenters have mentioned, the company/personal/VAT picture becomes more murky.

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#47

Post by kermorvan »

jMyles wrote: post #9

I haven't checked on the state of e-Estonia in a few months, but I think they're trying to be the place for this sort of thing? They're rolling out the services later this year I believe. https://e-estonia.com/e-residents/opportunities/

The idea has merit, but it's not quite there yet. For one thing, you will have to physically visit a police department in Estonia in order to get your E-residency card - TWICE.

Once to file an application and then it will take up to 14 days for them to perform a background check. After which you will again have to physically appear at a police station in Estonia.

In the future this can supposedly be done through Estonian embassies but those are not exactly everywhere either.

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#48

Post by [deleted] »

decentrality wrote: post #40
tluyben2 wrote: post #34

Earlier quoted context omitted.

I don't think you need that; I'm trying to find any proof of what you say and cannot really find. If you have a company in HK/SG and live fulltime (6 months + 1 day) in Monaco for instance, I believe you can do business with US companies/citizens while not paying taxes. The hell of living in Monaco doesn't really make it worth the while imho however I know plenty of people who do this. No proof here but I cannot find…

Nonresident Alien withholding for Foreign Persons: http://www.irs.gov/Individuals/International-Taxpayers/Forei... http://www.irs.gov/Individuals/International-Taxpayers/NRA-W... I would prefer this all not be fact, and I wish it were not true, but I put this out there because I hope it isn't but it seems like it definitely is real and effectual. This is the biggest difficulty I've hit myself.

[deleted]

Re: Ask HN: Where to Register a Company When Being a Traveling Digital Nomad?

#50

Post by jkaljundi »

kintamanimatt wrote: post #7

Now? Estonia. Hands down, Estonia. Although I haven't done it myself yet, I intend to, simply because it now makes an incredible amount of sense. In case you don't know already, Estonia is offering an e-residency program[-2]. For the time-being it requires a quick trip to Estonia to get this (and it's open to everybody regardless of nationality), but afterwards you can run and administer a company remotely with this…

If someone wants to know more about Estonian startup and tech scene, the Latitude59 conference in May is the biggest annual event: http://latitude59.ee/

Here's one list of Estonian startups: http://hub.garage48.org/estonian-startups

Post reply on HN