Forming LLC in Dubai?

rsk

@techdragon said:

@rsk said:

@techdragon said:

@rsk said:

@Andreix said:
So.. no more Wyoming ?

The federal taxes and forms you have to fill make it not worth it tbh, specially having to wait on the ohone with irs for hours…

Not quite true. If you are operating as a foreign LLC in Wyoming, you only need to file forms 1120/5472. These are informational only.

Only other thing is registering the UBO to meet new laws. This isn't actually more lengthy than setting up or maintaining a Dubai LLC. There's also the difference in cost - a Wyoming is $150 or so to incorporate and about $150 a year to maintain including using an agent to file your taxes (so your name stays off the public record).

Wyoming companies who use office address rather than registered agents can still get Stripe accounts and some bank accounts (Mercury / Relay).

Seychelles has next to no requirements but very few will open an account for a Seychelles IBC anymore.

I was requested to file 1065 and a plethora of other forms tho, and some are per partner. Any ideas?

No ideas. If you are required to file form 1065, then you have income from US sources. I was referring only to pass through entities.

Well, the whole idea is to be a pass through, since no ECI. However, when we received our EIN they requested 1065. So now, I will just request closure of all that - and stick to Dubai.