Ask HN: Where should I incoporate my business

Re:Ask HN: Where should I incoporate my business by throwaway318 on Sunday December 17, 2023 @03:52AM (#38671388)

Why Singapore and not, say, Wyoming that has no corporate tax.

Personal tax isn't paid if you're not tax resident, and OP seems to be resident in Thailand so will have to follow relevant laws there.

If ASEAN free trade's of benefit, perhaps. Or if going for a Singapore ID card then having a profitable business might be worth it. Or access to SE Asia finance. Outside these, Wyoming!

[ Parent | on HN ]

Re:Ask HN: Where should I incoporate my business by nevodavid10 on Sunday December 17, 2023 @04:08AM (#38671469)

I have head quite much about Wyoming! What's the difference between Wyoming and Delaware for LLCs?

[ Parent | on HN ]

Re:Ask HN: Where should I incoporate my business by throwaway318 on Sunday December 17, 2023 @04:58AM (#38671734)

I can't run blow for blow what'll work for you.

https://taxfoundation.org/location/wyoming/

https://taxfoundation.org/location/delaware/

For example.

But it's not just about tax. For privacy and having a Delaware-like specific business litigation process should you ever need it, Nevada's advantageous over Wyoming without needing much more in tax. Then for access to finance, a location that'll let you open a bank account for the business can be important (this might depend on US state). So there's a bit of YMMV, but nothing an Ask HN can't fix!

[ Parent | on HN ]

Re:Ask HN: Where should I incoporate my business by muzani on Sunday December 17, 2023 @05:36PM (#38677147)

Not needing to pay any taxes seems too good to be true. What's the catch?

[ Parent | on HN ]