Remote Company Formation Options for Sanctioned Country IT Professional with Minimal Bureaucracy and Zero Local Taxes

[IllIlllIII]

I am citizen of one of the sanctioned countries in Eastern Europe and provide IT-service worldwide.



I need to register an entity outside of my home country to work with clients.

Estonia e-residency is not an option due to blanket ban.

An EU client also refused a potential work with me as Idividual Entrepreneur in Georgia.



I seek for an easy way to run a company as non-resident in jurisdictions that:

- allow me to form a company completely online(or almost) without 'helpers', without notarizations/apostilles and other paper stuff.

- formation and maintenance should be cheap since I will be an accountant.

- NO corporate/income taxes applied to me in those jurisdictions (do not consider my home taxes where I'm taxable person).



As far as I know my client is ok with Europe and UK/US, so I found a few options but not sure how good are they:

a) UK LLP or LLC?

b) US LLC (New Mexico/Wyoming)

c) I have some access to Poland(can sign documents online and have a personal bank account in Polish bank), but not sure whether this is a good idea and what type of Polish company I could form.

 

[jorge]

From what I can see, a US LLC is probably the most commonly used structure at the moment, followed by a simple UK LTD.



At the end of the day, you can't really avoid paying personal tax on the income from these companies, but it seems like you don't really care about that anyway.

 

[alley]

US LLC Wyoming, Delaware or NM all work for you.



Do you need banking for your company ?

 

[IllIlllIII]

alley said:






US LLC Wyoming, Delaware or NM all work for you.



Do you need banking for your company ?

Click to expand...

I think banking will not hurt for sure, but I consider New Mexico for US LLC.

 

[IllIlllIII]

jorge said:






From what I can see, a US LLC is probably the most commonly used structure at the moment, followed by a simple UK LTD.



At the end of the day, you can't really avoid paying personal tax on the income from these companies, but it seems like you don't really care about that anyway.

Click to expand...

Out of curiosity, why you rated UK LTD as the second best option, rather than UK LLP which doesn't have corporate tax and has more simpler compliance?

 

[uplana]

IllIlllIII said:






UK LLP which doesn't have corporate tax and has more simpler compliance?

Click to expand...

Do you have several partners?



A US LLC is still the best choice in your situation, given how things look right now. There's really no reason to mess around with a UK LTD or LLP.