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

Why you might not want to incorporate in the USA

thenitai.com

Post reply on HN
Print view View original

271–280 of 358 posts

Re: Why you might not want to incorporate in the USA

#271

Post by a_bonobo »

csomar wrote: post #117
kartikkumar wrote: post #14

Earlier quoted context omitted.

By definition the US can't be like a 3rd world country (hint: 3rd world country is not what I think you mean to say [1]) [1] http://en.wikipedia.org/wiki/Third_World

I'm not sure why this guy was down-voted. There is a big (and maybe worldwide spread) confusion about the definition of first/second/third world. For example, Qatar is a third-world and it's pretty well developed. Turkey is a first-world and yet it's an under-developed country.

As it says in the article:

>Due to the complex history of evolving meanings and contexts, there is no clear or agreed upon definition of the Third World.

Re: Why you might not want to incorporate in the USA

#272

Post by jpatokal »

joseph wrote: post #223
philiphodgen wrote: post #214

Earlier quoted context omitted.

Yes, mbesto is right. Acquiring a second citizenship will not relieve you from the full boat of U.S. tax laws. No matter where you live, no matter how many other passports you carry, if you have the magic blue passport with the eagle on it, you are a U.S. taxpayer.

Supposing one does not want a second citizenship and is willing to renounce their US citizenship entirely, which country would you recommend switching to? How difficult is it and what are the consequences?

+1 for Singapore, at least from a business perspective:

http://gyrovague.com/2013/10/30/half-the-donut-why-an-entrep...

Personally, I'm going for Australia though -- there's more to life than low taxes.

Re: Why you might not want to incorporate in the USA

#274

Post by jpatokal »

Systemic33 wrote: post #171
workhere-io wrote: post #114

Earlier quoted context omitted.

True, but note that public transportation is much better, and riding your bicycle is easier. Denmark has one of the lowest daily commute times in the OECD countries according to the graph on http://www.theatlanticcities.com/commute/2011/10/american-co... Basicly any type of vehicle becomes twice as expensive No, not vehicles used for business. The high taxes are on personal cars.

I've lived in Sweden for 6 years, and the danish public transport is pretty much the same, while I think Stockholm's is better. My point is that good public transport is not an argument for having ludicruos taxes. Sweden does exceptionally well and doesn't require a 180% reg. tax. Vehicles used for business is cheaper, still significantly more expensive than vehicles in Sweden. Let's check with the Volkswagen Golf, a…

Try Singapore!

VW Golf 1.4 TSI DSG (A) S$132,800 (104.9k USD)

http://www.sgcarmart.com/new_cars/newcars_pricing.php?CarCod...

Re: Why you might not want to incorporate in the USA

#275

Post by mamcx »

workhere-io wrote: post #59
mamcx wrote: post #53

My biggest hurle is payments processors. Everything good work in USA (think stripe). So, if not USA, when? That make possible to be in latinamerica but be incorporate elsewhere?

https://www.braintreepayments.com is just as easy as Stripe to use, and can be used in Denmark and other European countries right now. Stripe is coming to Denmark soon and is already in several other European countries. I don't see the problem?

"to be in latinamerica"

I'm in a dark corner on the planet on this...

Re: Why you might not want to incorporate in the USA

#276

Post by nitai »

aiiane wrote: post #263
nitai wrote: post #159

Earlier quoted context omitted.

It looked like someone got access through a plugin to the htaccess file and some db entries. This article helped ( http://blog.sucuri.net/2010/07/understanding-and-cleaning-th... ) though I only found one db entry. However fixed the htaccess file.

Unfortunately there's still stuff there when viewed from a Google IP - http://i.imgur.com/59qW1EM.png (Source: I'm currently at my desk, at Google.)

Done just about everything and can't get get it out. Funny is that it only exists in this one article. Rest of the site is ok.

Re: Why you might not want to incorporate in the USA

#277

Post by nitai »

mattlutze wrote: post #158
nitai wrote: post #115

Earlier quoted context omitted.

This is NOT about PRO-Europe or PRO-USA. It is about how difficult the current government makes it to come to the US, build business and live there (as a European). I personally know one CEO who runs a 80 Mil./year company in the USA, has 250 employees (3/4 are US citizens) but only received a green card or allowance to stay longer then one year in the USA 10 years into the business. That said, you can't compare the…

You cannot work on a Language visa in Germany[0], and artists in Berlin are special as the country wants to promote it as an art capital of Europe[1]. In almost every case, a non-EU/Schengen citizen needs to show ability to support him/herself when moving to Germany; that person must already have a job offer, which must pay at least 37(STEM) or 47,500 (others) EUR[0]. Non-EU folks in Germany as well, for example, don…

Thank you for your comment. As a fact I know 10+ US citizens that have had no problem coming to Germany and live and work. All self employed and sufficient to provide for themselves for some time.

It might have changed, but the last time I've checked it was way easier then getting any Visa in the USA.

Speaking off, yes, we tried to get a B* visa but the 67000 visa they issue per year was filled within 3 days. One can apply again in June/July (not exactly sure).

Re: Why you might not want to incorporate in the USA

#278

Post by nitai »

bpaluzzi wrote: post #157
nitai wrote: post #115

Earlier quoted context omitted.

This is NOT about PRO-Europe or PRO-USA. It is about how difficult the current government makes it to come to the US, build business and live there (as a European). I personally know one CEO who runs a 80 Mil./year company in the USA, has 250 employees (3/4 are US citizens) but only received a green card or allowance to stay longer then one year in the USA 10 years into the business. That said, you can't compare the…

Sorry, but your assertion that an American can simply come to Europe and work is false. In Germany, like in the UK, you most definitely CANNOT just come over and declare your intention to work. "If you are coming to work in general employment (that is, a job that does not require you to be highly skilled or highly educated), you will need to apply for a residence permit for the purpose of general employment, and you…

As a company owner, wanting to open an office, deploy people and live in the chosen country, is much much easier in Europe then in the US.

Just about every country welcomes you and even offers help in the form of some sort of fund or start-up program.

Re: Why you might not want to incorporate in the USA

#279

Post by nitai »

wh0car3s wrote: post #184
nitai wrote: post #115

Earlier quoted context omitted.

This is NOT about PRO-Europe or PRO-USA. It is about how difficult the current government makes it to come to the US, build business and live there (as a European). I personally know one CEO who runs a 80 Mil./year company in the USA, has 250 employees (3/4 are US citizens) but only received a green card or allowance to stay longer then one year in the USA 10 years into the business. That said, you can't compare the…

I'll echo mattlutze and say that the EB visas are a great track to come here in the US. Also, I'm a foreigner with a non-immigrant visa, but that didn't stop me from incorporating and I know that if I hire someone or did business in another state I'll have to register or incorporate in that state (I got that by my own research, if that wasn't given to you then you received bad counsel). Not anyone can just come to Eu…

> I can't even visit Europe without a Schengen visa

Where are you from? US citizens can freely come to Europe without the need for any Visa. You can even freely travel within the Schengen area without showing your passport once.

Re: Why you might not want to incorporate in the USA

#280

Post by tbyehl »

philiphodgen wrote: post #172
mildtrepidation wrote: post #164

Earlier quoted context omitted.

Thanks for doing this! I'm an American planning to live in Japan for 1-2 years starting later this year (I'll be studying the language and working for my existing small US business). I won't be working for (or, likely, doing any business with) Japanese companies. I assumed I'd be best off hiring an accountant who could take care of whatever inane forms come with paying taxes in this situation (I do also pay quarterly…

The magic form you need to remember is Form 2555. This is the "foreign earned income exclusion" form. The first "close to $100,000" (the amount changes annually for inflation) of income you earn abroad is free of income tax in the USA. The hard part is knowing whether you qualify for this or not. You need to be physically out of the USA for 330/365 days in a 12 month period (not a calendar year--this is stupidly over…

> You need to be physically out of the USA for 330/365 days in a 12 month period (not a calendar year--this is stupidly overly complicated and tricky)

That it how you capture partial years. I moved abroad in November of one year, stayed abroad the whole following year, and repatriated myself the follow June. Using the rolling 12-month period I got out of paying US income taxes for the entire time I was out of the country. The forms were straight-forward enough.

Post reply on HN