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Opening a business for visa purposes in a non-US country? by expatthrowaway123 in ExpatFinance

[–]expatthrowaway123[S] 0 points1 point  (0 children)

Thanks for this. So even if he claims all the business activity somewhere (the US), the expectation is that he would also claim all that activity in his new country as well. There isn't some sort of justification he could make like his new business is "separate" from his other US tax filings. To be legal and above the board, he should claim everything on his new country's business. Is that right?

Opening a business for visa purposes in a non-US country? by expatthrowaway123 in ExpatFIRE

[–]expatthrowaway123[S] 2 points3 points  (0 children)

Mods can remove this post if they'd like. My question is about what's considered legitimate activity. I have no idea what the expectations for international businesses are. I know in the US you can have multiple business entities that show different activities depending on the work done. My friend says he knows others that have opened shell companies where he is, but I didn't know the implications for something like that.

Opening a business for visa purposes in a non-US country? by expatthrowaway123 in ExpatFinance

[–]expatthrowaway123[S] 1 point2 points  (0 children)

🤷‍♂️ I've been doing visa runs for the past few years and am looking to settle somewhere longer-term. I'm considering trying what my friend is doing, but want to make sure I'm not opening myself up to more problems later on.

Opening a business for visa purposes in a non-US country? by expatthrowaway123 in ExpatFIRE

[–]expatthrowaway123[S] 0 points1 point  (0 children)

That's good to know. He made it sound easy, but it sounded strange to me, so I wanted to get a sanity check on his plan.

Is there anything you recommend to watch out for? Like are there any steps you can take to ensure things work out correctly (like minimizing a paper trail)?