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It looks like showing salary is more common in USA but in other countries it is NOT a norm.... and unfortunately this gives an edge to the employer to play the game the way they want as very rarely supply is less than demand!
Costco Canada already dumped the Amex while a go ...and people are happy about it as Amex is not that popular or preferred card in Canada and it was a pain to signup for Amex just for costco purchase ....
According to the following calculator there is around 16.5% tax (on $100K income) ... you can compare it with bunch of company and it looks like Singapore is the lowest.
btw, do you have any info on any agent who can help with this? do you need a physical address (even for opening a bank account)? Do you need to visit HK for any reason to setup a company?
I don't want to spam anything here, but there are tons of agents you can find via google.
The registered address in HK can be provided by the agent. I'm not sure what else you mean by physical address.
You'll need to visit HK to open a bank account in case you need one in HK, but you could open a bank account in any other country as well if you can find a bank willing to do so (tough where I'm from).
As far as I know, this wouldn't work for U.S. citizens, as they are taxed on world wide income. Residents of countries (like Canada) do not pay tax on world wide income, if person in question is considered a non-resident for tax purposes (ie not living in Canada).
I have no idea about the legal intricacies involved for US citizens, but that doesn't change the fact that there is no corporate tax for the HK setup I described.
Everybody talks about Delaware corp (as they've matured business laws) ..but very few knowt hat when it comes to taxes then Nevada and Wyoming are the best ....
however recently I've heard that if you're selling stuff on Amazon or any other e-commerce store then taxes are different depending upon where you're located ... and you may not even be eligible for selling in few states - I wish someone can explain this in a simple language ...?
There's zero difference tax-wise between a Nevada corporation, a Wyoming corporation, and a Delaware corporation when they're operating outside their state of incorporation. In all three cases they pay no state taxes in their state of incorporation.
that's interesting because i was doing the same a while a go ... i dont remember which country but there was one where tax is zero and you dont even need to file a tax return every year! ...
Read this fantastic blog ....matches your situation : it gives you info about everything (how to incorporate in USA, Physical address, Opening a bank account, cost etc.) .... GOOD LUCK!
Dont know much about geo-politics but someone is playing a huge dirty game .... could be OPEC or USA ... it deals with many issues at hand:
1. Strangling Russian economy
2. Straightening out Iran
3. Disrupt Shale Oil production rise
4. Create financial gap between cheap oil and other renewable alternatives ....etc...etc...etc...
It will be very interesting to see what happens in the countries where shale oil production is on rise .... somehow tax payers are going to pay because many shale oil companies may go bankrupt ... that means either you pay higher prices at gas pump & stores (b'cause oil is expensive) or pay for shale oil companies that cant sustain their economies.
It isn't so much as they are now playing a dirty game, it is more that OPEC has been playing a dirty game for a long time. Now its members are no longer in lockstep and it is causing a huge correction.
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