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A comment on Ask HN: Where should I incoporate my business. Parent comment

Re:Ask HN: Where should I incoporate my business by a_lex on Sunday December 17, 2023 @04:12AM (#38671497)
License cost is about ~4k per year

Total initial costs could be about 10-15k

Yes I agree those fees are actually a hidden tax, but it totally depends on your revenue, at some point you can save a lot on corporate and personal taxes.

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Re:Ask HN: Where should I incoporate my business by oezi on Sunday December 17, 2023 @05:06AM (#38671759)
Don't you still have to pay taxes in your country of citizenship?
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Re:Ask HN: Where should I incoporate my business by janosdebugs on Sunday December 17, 2023 @08:14AM (#38672639)
Typically where you have your tax residence (where you live), but that also depends on the treaties between the two countries.
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Re:Ask HN: Where should I incoporate my business by bosse on Sunday December 17, 2023 @03:27PM (#38676086)
Tax based on citizenship is a concept unique to the United States and one African country. It is unheard of in the rest of the world’s tax systems.
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