Forming a business overseas



Category: Daily Emails

Comes a good question about how to actually form a business:

Hi Kyle, since you are non US resident what would be best service or country to form LLC for e-commerce. Thanks in advance.

First, it’s important to note that any of us who are still US citizens are still, more than likely, considered to be US residents.

Just because I only spent 9 days in California this year doesn’t mean I’m exempt from all of Cali’s bullspit. In fact, I paid thousands of buckaroos in taxes to them this year.

Our government is a broken system.

I’m still a California resident.

My permanent address is there.

My driver’s license is there.

etc, etc.

What I would like to do, is somehow remove my California residency. A lot of people do this as a first step. Unfortunately, for me to do this, I’d ideally do Wyoming, where my business is, but to do that I’d have to go, get a lease in Wyoming (at least for a bit), get a driver’s license there…

etc, etc.

Which is something I do not have the time to do at this point in my life.

Anyways, now that it’s clarified:

In my humble opinion, you should be able to deduce which STATE I think is the best to form a business in (whether it’s e-com or freelancing, it’s really all the same when it comes to the digital nomad life) by where I’ve mentioned mine is registered.

As far as country…

I have a few thoughts, including a plan that I am actually in the process of implementing myself.

The goal?

You know.

While still having all the flexibility and freedom in the world.

There are two countries that make this really easy to do, including the one I’m pursuing.

To find out what those are, you’ll want to subscribe to “Actually Abroad” before this October 31st.

Then, upon joining, flip to the “Expat Tax Strat” section of the site.

Here’s the link:

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