Flag Theory

Part of the reason why I blindly signed up for Stripe was because of the great experience I had with their other products. https://flagtheory.com/stripe-atlas/ didn't exist when I signed up.

I concur. There are in fact good reasons to get a permanent status in those countries, such as for passports and travel purposes. http://flagtheory.com/

I'd think Nevis' citizenship popularity increase is mainly due to the fact that it became a tax-haven, more than anything else check http://flagtheory.com/the-best-place-for-an-internet-entrepreneur-to-i…

"You literally have no idea about the immigration policies in other countries" It's ironic that you say that, but are making claims that just aren't correct. "The US and Canada have the most lenient and generous citizenship policies in the world." This is widely agreed to be false. I'll refer to the following sites: https://flagtheory.com/ja/easiest-countries-to-become-a-citizen/ https://getgoldenvisa.com/easiest-countries-to-get-citizenship https://worldpopulationreview.com/country-rankings/easiest-countries-t… You'll notice there are many countries with 2 or 3 year citizenship tracks as the default, while the US's is 5 years, and requires significantly more difficulty. The US isn't anywhere near the top of any of those lists. The US policy is certainly better than a lot of countries, but that doesn't make it "most generous in the world", just not "least generous".

>I read this post twice and I'm still not sure I understand what the Stripe nightmare is. Agreed - the text of the leojkwan's blog post is more balanced though. >It sounds like you and your accountant feel you'd have been better off with an LLC. That's very likely! We're a growing company with employees, payroll, equity ownership, vesting, and significant revenue and we're still an LLC and will be for the foreseeable future. Stripe Atlas is a great product for it's intended use case, but this bit needs to be written in bold. If you're doing startup school, for example, but planning on bootstrapping, then you're better served with an LLC. The choice of Delaware is to protect the investment of YC and the other investors. You agree to Delaware as a condition of them investing in you. As pointed out elsewhere in this thread by AlchemistCamp, if you're a U.S. citizen, non-Californian resident & bootstrapping consider locating in Wyoming or Nevada. The case for Wyoming is made by HN#flagtheory here [0]. flagtheory.com is a competitor of Stripe Atlas and they outline their, obviously self-interested, case against Stripe Atlas here [1]. (I am not affiliated with Flag Theory and, don't generally endorse them. Thinking of launching your ICO from Nevis [2] ..? Err ... a shady business rarely leads to a sunny life.) If you're a boostrapping Californian resident, then again from AlchemistCamp, consider locating an LLC in California. >California, for example, is very…

As a citizen of Uruguay I find the last paragraph very funny: “I feel about the same obligation to file US tax papers as you would if the supreme court of Uruguay all of a sudden decided you were a citizen and had to file a tax return there,” he tells the Guardian. By the way, Uruguayan citizenship is VERY easy to acquire. American expatriates (and dollars :) ) welcome here :) Edit: easy as in requirements. There's a lot of paperwork involved. http://nomadcapitalist.com/2014/03/09/top-5-best-second-residency-prog… http://flagtheory.com/citizenship-in-uruguay/ "It will take approximately 3 years for a married couple, with a good amount of time spent in country. For singles, it will take 5 years – with a similar amount of time in country. This makes Uruguay more attractive for married couples rather than a single applicant. Uruguay wants you to prove your residence by documentation – sometimes odd documents such as a doctor’s appointment slip, a library card. The idea is that they really want you to prove you are actually living in the country. This documentation is again, not always what you might expect – so document everything and when in doubt – shoe box it. After you have received permanent residency, you should talk to an abogado about citizenship and travel document options. Again, permanent residency is required to be able to receive any kind of travel documents. Further, a cedula is somewhat considered a travel document as well and…

I'd learn about the options on http://flagtheory.com/

Iran does not recognize changes in citizenship. The U.S. government doesn't care what Iran recognizes. The correct quotation would be "anyone who is legally an Iranian citizen in the eyes of the U.S. government." When an Iranian citizen becomes a naturalized U.S. citizen, their Iranian citizenship is no longer valid in the U.S. There is a limited number of nations that have dual citizenship agreements with the United States, and Iran isn't one of them. https://flagtheory.com/dual-citizenship/

seems like you should have done some homework, https://flagtheory.com/stripe-atlas/

https://flagtheory.com/stripe-atlas/ >Besides the high rate of corporate taxation (one of the highest of all developed economies), the IRS tax code has huge penalties for noncompliance. For instance, if you intentionally disregard filing a bank reporting form (the FBAR), you’ll face serious penalties, including jail time, a $50,000 fine Were you required to file a bank reporting form and didn't over 2 years? (ie $100k ) ??

Much less actually. Paraguay is currently the cheapest with $5,200. See the list with no or low taxes at https://flagtheory.com/tax-free-countries/

He writes > Now I have a residental permit The prerequisite for that, according to [0], is "The Limited Stay Visa, or VITAS1, is a single-entry visa that foreigners may obtain for the purpose of investment, research, work and etc". [0] https://flagtheory.com/residency-in-indonesia/#Residence_Permit_in_Ind…

Has anyone outside the US looked into the tax implications of Stripe Atlas? These articles urge caution: http://tech.eu/features/9060/stripe-atlas-european-startups/ https://flagtheory.com/stripe-atlas/

did a google search and found this Why Stripe Atlas is Bad for Foreigners? http://flagtheory.com/stripe-atlas/

This guy has a blog with some useful articles that could get you started: http://flagtheory.com/bvi-company-formation/ There are some upsells, but the articles suffice as an introduction to offshore company formation and offshore banking.

"I am not a lawyer or CPA and this is not legal advice. It is for general guidance only. You should work with an attorney and a CPA for specific professional advice. If you're American, this gets really sticky. The US taxes you on your worldwide income. If you have a US corporation, it is also taxed on worldwide income, so it can be double taxed. And foreign corporations in the US are taxed on US-sourced income. However, there is a loophole. If you own a company outside the US, and the company earns money outside of the US, it's only taxed in the US when the money comes back into the US. So, many people have companies registered abroad (Hong Kong is a popular jurisdiction) and money earned offshore is accrued in the foreign corporation. Expenses abroad are also paid by the foreign corporation. So, you can effectively avoid the money being double taxed (paying personal income tax only) if you earn money offshore and your offshore corporation pays your salary. Also, if you're working abroad, it's not a vacation. A lot of things you spend money on are legitimately considered business expenses. So, if something is a business expense, pay for it with company earnings that haven't been taxed. Now, what about paying income tax in the jurisdiction where you were living abroad? Typically, countries only tax income sourced within the country, and many countries have tax treaties where income is only taxed once. So, for example, if you're living in China, a country that has a tax…