[ Offshore Tax ] Why Would Foreign Entrepreneurs Choose to Establish Businesses in the US?

There are several reasons why foreign entrepreneurs are attracted to the USA and choose to establish businesses there:
Economic Advantages:
Large, Diverse Market: The US boasts a massive domestic market with a high concentration of wealthy consumers. This presents significant growth potential for businesses.
Access to Capital: The US has a well-developed financial system with access to venture capital, angel investors, and other funding sources to support startups and growing businesses.
Innovation Hub: The US is a global leader in innovation, with a strong focus on research and development. This environment fosters creativity and can be appealing for entrepreneurs with cutting-edge ideas.
Favorable Tax Environment (for some): Some US states have lower or no state income taxes, and there can be tax benefits for businesses and investors.
Business Environment:
Ease of Doing Business: The US has a relatively streamlined business registration process compared to some other countries.
Legal and Regulatory Framework: The US has a well-established legal system that protects property rights and enforces contracts, providing a sense of security for businesses.
Skilled Workforce: The US has a large pool of skilled and educated workers across various sectors.
Strong Infrastructure: The US has a well-developed infrastructure network, including transportation systems, communication technologies, and utilities, which facilitates business operations
Other factors:
Cultural Factors: The US has a culture that values entrepreneurship, risk-taking, and innovation. This can be an encouraging environment for foreign entrepreneurs.
Universities and Research Institutions: The US has world-renowned universities and research institutions that can be a source of talent, innovation, and collaboration for businesses.
Potential for Global Expansion: A successful business in the US can leverage its presence to expand into other global markets.


TIMESTAMPS:
0:00 INTRO
0:55 Automatic exchange of agreement
2:00 US corporate system
2:20 Asset protection in USA
4:00 OUTRO



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[ Offshore Tax ] Does an EB-5 Offer the Same Green Card Benefits as an EB-2 or EB-3?

These categories are ‘employment-based.’ However, EB-5 is an investment and job creation immigrant category, while EB-3 is for skilled or professional workers who have received an offer of permanent employment from a U.S. employer/sponsor. This employer/sponsor has applied to the U.S. Department of Labor for a determination that the job is in a shortage occupation (i.e., U.S. workers are not available to fill the position).
The better choice for you depends on whether you wish to invest in your own business (or a regional center) or whether you have special skills or education and a willing potential U.S. company to sponsor you for the labor certification process.
There are many other differences in the requirements for these two immigrant categories. An experienced immigration attorney can explain them to you and advise you on which option or options will work best for your situation.

TIMESTAMPS:
0:00 INTRO
0:40 Does an EB-5 Offer the Same Green Card Benefits as an EB-2 or EB-3?
1:12 Two ways to get a green card
1:45 Investment amount required
2:38 outro



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0 0

[ Offshore Tax ] Choosing Wisely What is the Best State to Start a Company in the US?

Start Your LLC Where You Are
Your home state, (i.e., the state where you’re residing,) will most likely be the best place to form your LLC. Why is this so? Forming your LLC in your home state is usually the simplest, most cost-effective way to start your LLC, despite all appearances to the contrary.
Exceptions to the Rule of Thumb
As with everything in life, and especially where legal rules and regulations are involved, there are exceptions to this rule of thumb. Here are some of them:
Operating Business in Another State: If you live in one state but operate your business solely in another, you might be better off forming your LLC in the state in which you operate your business. Note, however, that if you work on your business while you’re in your home state, you’ll likely be considered to be operating your business in your home state as well. In this case, you’ll probably want to follow the general rule of thumb.
Investing in Real Estate: If your LLC’s business is investing in real estate, your LLC will be operating its business in the state where it’s invested in real estate. That’s where you’ll be renting out your property or selling it for gain. In this case, it’s likely better for you to start your LLC in the state in which your LLC will be investing in real estate.
Non-U.S. Residents: If you’re a non-U.S. resident, you don’t actually reside in the United States, so you don’t have a home state. This rule of thumb won’t apply to you. Your nonresident status may mean you’ll attract nonresident taxes, so you should consult with a tax professional before forming your LLC.

TIMESTAMPS:
0:00 INTRO
0:30 Legal framework in Delaware
1:10 Structure operating business in Portugal
2:00 Substance and form of transaction
2:55 outro


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0 0

[ Offshore Tax ] Determining the Best US Immigration Option

The United States offers a diverse array of visas to accommodate various purposes, from temporary visits to permanent immigration. Whether you’re a student, professional, or traveler, understanding the different visa types is essential. Let’s delve into the details:
Nonimmigrant Visas
These visas are designed for temporary stays in the United States:
Visitor Visas:
B1 Visa: Intended for business visits.
B2 Visa: Ideal for tourism and leisure.
Student Visas:
F1 Visa: For academic studies.
F2 Visa: Reserved for dependents of F1 visa holders.
M1 Visa: Geared toward vocational training.
Exchange Visitor Visas:
J1 Visa: Facilitates exchange programs and practical training.
Q Visa: Supports participants in international cultural exchanges.
Temporary Work Visas:
H1B Visa: Suits highly specialized fields.
H1B1 Visa: Specifically for nationals of Chile and Singapore.
H-2A Visa: Granted to temporary agricultural workers.
H-2B Visa: Allocated to non-agricultural seasonal workers.
H-3 Visa: Provides opportunities for training and education.
L1 Visa: Issued to intracompany managers or executives.
2. Immigrant Visas
These visas are for those moving permanently to the United States:
Extraordinary Ability Visas (O Visas):
O1 Visa: Reserved for individuals with extraordinary abilities in Arts, Science, Business, Education, or Athletics.
O2 Visa: Designed for assistants of O1 visa holders.
O3 Visa: Available to dependents of O1 visa holders.
P Visas:
Issued to sportspersons and their coaching teams.
R1 Visa:
For Temporary Religious Workers practicing within the US in religious capacities.
TN/TD Visas:
For citizens of Canada or Mexico working under NAFTA agreements.
E3 Visas:
Specifically for nationals of Australia engaged in specialty occupations.
I Visa:
For representatives of foreign media and journalists participating in educational media activities.
Treaty Trader and Investor Visas (E Visas):
E1 Visa: Facilitates treaty trader activities.
E2 Visa: Supports treaty investors.

TIMESTAMPS:
0:0 INTRO
0:40 Determine what really want to in USA
1:30 Easiest way to get green card
2:30 outro


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0 0

[ Offshore Tax ] Understanding Company Types in the U.S.

Many people might suggest that forming a Limited Liability Company (LLC) is as simple as logging onto the Delaware website and spending a few hundred dollars. However, unsurprisingly, any professional with tax and legal experience would agree that it’s not that straightforward.
If the intent is to use the LLC for serious business purposes, you would probably need professional advice and to spend thousands (rather than hundreds of dollars). The use of the limited liability company (LLC) has mushroomed in popularity over the past two decades.
IRS statistics show a 66% increase in domestic LLCs between 2005 and 2014, and in 2004, LLCs were already popular entities. The core reasons for their attractiveness for a wide range of business purposes are well-known: chiefly, passthrough tax treatment while offering their owners limited liability similar to that of a corporation.
Some may be less familiar, however, with some of the other nontax features of LLCs and instances in which forming one may not be advisable.


TIMESTAMPS:
0:00 INTRO
0:35 Different legal forms of the companies
1:20 High Level of Protection
1:50 Partnership and transparent
3:08 Outro



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1 0

[ Offshore Tax ] Options for Americans in Dubai Who Aren’t U.S. Tax Compliant

Under certain circumstances, Americans residing in another country can back-file their returns. This complex process effectively erases tax penalties and settles their bill with the IRS.
If you are a U.S. citizen or a legal permanent resident who has been living abroad for some time, you are likely filing local tax returns. However, you may have overlooked the requirement to file tax returns in the U.S. If this is the case, you can rectify this oversight to avoid serious consequences in the future. If you suspect that you may owe the IRS, it would be prudent to explore your options for tax amnesty.
There are three general criteria for proceeding under the streamlined procedures:
The applicant must certify, under oath, that the failure to report all income, pay all tax, and submit all required information returns, including FBARs, was the result of non-willful conduct. Non-willful conduct is defined as conduct that is a result of negligence, inadvertence, or mistake, or conduct that is the result of a good faith misunderstanding of the requirements of the law.
The IRS must not have initiated a civil examination of the taxpayer’s returns for any tax year. This holds true regardless of whether the examination relates to undisclosed foreign financial assets.
The taxpayer must have a valid Taxpayer Identification Number (TIN).

TIMESTAMPS:
0:00 INTRO
0:38 Tax-compliant options for Americans
1:00 Back file returns
1:45 Reporting foreign accounts
2: 45 OUTRO




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0 0

[ Offshore Tax ] Migrating to the US with L or E Visas.

U.S. immigration law is based on the following principles: the reunification of families, admitting immigrants with skills that are valuable to the U.S. economy, protecting refugees, and promoting diversity.
Temporary employment-based visa classifications permit employers to hire and petition for foreign nationals for specific jobs for limited periods. Most temporary workers must work for the employer that petitioned for them and have limited ability to change jobs.
There are more than 20 types of visas for temporary nonimmigrant workers. These include L-1 visas for intracompany transfers; various P visas for athletes, entertainers, and skilled performers; R-1 visas for religious workers; various A visas for diplomatic employees; O-1 visas for workers of extraordinary ability; and various H visas for both highly skilled and lesser-skilled workers.
The visa classifications vary in terms of their eligibility requirements, duration, whether they permit workers to bring dependents, and other factors. In most cases, these workers must leave the United States if their status expires or if their employment is terminated.
It may be possible, depending on the type of job and the foreign national’s qualifications, for an employer to sponsor the worker for permanent employment. A foreign national does not have to be working for the employer in order to be sponsored. However, depending on the permanent immigration category sought and the foreign national’s current nonimmigrant category, he or she may be able to complete the steps to become an LPR while continuing to live and work in the United States.

TIMESTAMPS:
0:00 INTRO
0:15 Migrating to the US with L or E Visas.
1:13 E2 Treaty US visa
2:00 Setting up company in the USA
2:55 OUTRO



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1 0

[ Offshore Tax ] Can Dependents of E2 Treaty Visa Holders get SSNs?

An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service (IRS). This nine-digit number always begins with the number 9. The fourth and fifth digits range from 70 to 88.

As of April 12, 2011, the range was extended to include 900-70-0000 through 999-88-9999, 900-90-0000 through 999-92-9999, and 900-94-0000 through 999-99-9999.

The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number. This applies to those who do not have and are not eligible to obtain a Social Security Number (SSN) from the Social Security Administration (SSA).

ITINs are issued regardless of immigration status. This is because both resident and nonresident aliens may have a U.S. filing or reporting requirement under the Internal Revenue Code.

To receive an ITIN, individuals must have a filing requirement and file a valid federal income tax return, unless they meet an exception.


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0 0

[ Offshore Tax ] Are Tax-Free States Really Worth It?

As of 2023, nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming — do not levy a state income tax.
While New Hampshire does not tax most earned income, it does impose a 4% tax on dividends and interest. This rate will drop to 3% in 2024, and the tax will phase out completely in 2025.
Washington also levies a long-term capital gains tax rate of 7% on assets that were sold for a profit of $250,000 or more.
Although Washington doesn’t tax most earned income, in July 2023, the state implemented the WA Cares Fund. The program deducts 58 cents per $100 from employees’ paychecks to be funneled into the state’s long-term care program.
Perhaps the most critical number to crunch is your cost of living. This includes tallying up the costs of housing (rental or purchase), food, wages, health care, and lifestyle. The savings you gain on state taxes might not be worth the extra cost incurred to live comfortably in another state.

TIMESTAMPS:
0:00 INTRO
0:30 Living the best life and Tax-free
0:59 Nine states without income taxes
1:59 California's highest income taxes
2:20 outro


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