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What are the best locations for setting up an LLC as an expat in Thailand?

LLCThailandexpat businessoffshore companyinternational taxNew MexicoWyomingSingaporeOregonPanamaHong Kong
Feb 29, 2024
10 months ago
Mitchell ********
ORIGINAL POSTER
What location is everyone setting up there LLC and why
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TLDR : Answer Summary
The discussion revolves around various locations for establishing an LLC as an expat in Thailand. Participants mention different jurisdictions like New Mexico, Oregon, Panama, and HK, citing reasons such as ease of setup, tax implications, and legal considerations. Key points include the impact of a foreign LLC's standing in Thailand, the tax advantages of maintaining assets outside Thailand, and the ongoing debate about the relevance of US LLCs for expatriates. It's suggested that professional advice may be necessary for those with substantial assets, and a recommendation is made to consult with American International Tax Advisers.
Duncan *******
I've recently been looking at Wyoming.
10 months ago
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Shayne **********
Talk with
@American *****************************
 about the best onshore or offshore options for companies.
@https://www.facebook********************
10 months ago
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Javier ********
US LLC is the cheapest option, around 30$ a year in maintenance and 50$ for formation.
10 months ago
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Javier ********
@Chris ***
 the IRS can only audit tax payers, a foreign owned LLC is not a tax payer in the US, but in the country of residence of the owner.
10 months ago
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Javier ********
@Chris ***
 I don’t trigger any taxable event because I’m not a us citizen or resident and my company doesn’t have permanent establishment in the US.

So I owe 0 US taxes no matter how much money I move through the company.

I just need to report the balances at the end of the year
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Javier *******
 is it what the call a pass through entity? I’m suprised with the costs your quoting I would have thought set up and maintenance would be around the $500 a year
10 months ago
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Javier ********
@Chris ***
 there are no audits for foreign owned LLC as there is no tax due
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Chris ***
 can I pm you Chris? If you have 4 LLC I would like to think that you have some really good information
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Chris ***
 thanks mate pm sent
10 months ago
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Mitchell ********
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Javier ********
@Chris ***
 I file as a foreign corporation form 5452 but I can do it by myself in 30min
10 months ago
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Javier ********
@Chris ***
 forming an LLC in New Mexico is 50 USD and registered agent is 30 USD per year. No more expenses.

Maybe you should do a bit of research.
10 months ago
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Chris ****
@Javier *******
 I guess you don’t file taxes
10 months ago
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Chris ****
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John *******
If u live in Thailand, I heard something about Singapore a few years back. Easy to set up in a member of the Asian countries.
10 months ago
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Phillip ********
@John ******
 Singapore is expensive and has corporate tax
10 months ago
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Phillip ********
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Danny *******
No US LLCs are relevant overseas.
10 months ago
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Steve **********
@Danny ******
 I'll ask a simple Q.

Why is Dick Cheney et al living in Wyoming.

A bit of due diligence answers your Q
10 months ago
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Danny *******
@Steve *********
 What has this got to do with Thailand?
10 months ago
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Steve **********
@Danny ******
 why do you ask ?
10 months ago
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Danny *******
@Steve *********
 Because you asked me the question about Wyoming and I hadn’t asked a question.
10 months ago
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Steve **********
@Danny ******
 my bad, was responding to other comment.

I've done that before
10 months ago
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Steve **********
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Dennis *********
10 months ago
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Danny *******
@Dennis ********
 What this means is a foreign entity (LLC, corporation, etc) can be a shareholder, member or partner in a Thailand company but only in selected categories…
10 months ago
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Dennis *********
@Danny ******
 in Thailand any foreigner can only operate in selected categories and i don't believe that you are correct on the other part. Unless you can point to something that specifically states us llcs can't operate overseas, they are just a different type of company than a c corp
10 months ago
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Danny *******
@Dennis ********
 Yes, they can operate but only within a Thai company not outside one. Foreign individual, foreign LLC, foreign corporation …all the same in Thailand. They all have to be inside a Thai company.
10 months ago
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Danny *******
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Dennis *********
@Danny ******
 don't think that is actually correct then again why would someone want to
10 months ago
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Dennis *********
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Tyler *******
Panama obviously
10 months ago
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Ken ********
Oregon was good
10 months ago
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Steve *******
Isn't Hong Kong a great option?
10 months ago
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Phillip ********
@Steve ******
 bureaucratic nightmare
10 months ago
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Phillip ********
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Danny *******
Never mind your profile says it all.
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Danny ******
 you got me what does my profile say?
10 months ago
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Danny *******
@Mitchell *******
 I think you know,
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Danny ******
 I think people reading your reply and seeing your profile pic says a lot about you lol
10 months ago
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Danny *******
@Mitchell *******
 Go away troll.
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Danny ******
 if I recall you are the one that comment on my post making assumptions about me, that offered no help. If you don’t like what you see please move along
10 months ago
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Danny *******
@Mitchell *******
 LLCs in Thailand aren't location specific.
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Danny ******
 I’m asking for what countries/jurisdictions people are setting them up in and why. Many differences and benefits out there
10 months ago
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Danny *******
@Mitchell *******
 A LLC organized in a foreign country has no standing in Thailand.
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Danny ******
 yes that is correct but my assets being outside the country are also not going to be taxed unless I remit them into the country
10 months ago
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Danny *******
@Mitchell *******
 How is that relevant to your question and Thailand?
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Danny ******
 you need a company structure to hold your assets outside of Thailand and I’m asking people in Thailand what structures they prefer living there incase there is something I have over looked.

I don’t see any point to this conversation, besides being a waste of time as it doesn’t help with the question asked. Have a good one mate
10 months ago
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Danny *******
@Mitchell *******
 I totally agree, a waste of time. If you have those kind of assets you should be paying for professional advice not relying on free advice from FB warriors. You know the saying ... FB advice is worth exactly what you paid for it. 😆
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Danny ******
 no I don’t otherwise I wouldn’t be asking.
10 months ago
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Danny *******
@Mitchell *******
 Your account is brand new, zip information and history. Nada. You are fishing for something that doesn't exist in Thailand so everyone should be aware.
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Danny ******
 I’m new to this page yes, my profile is also locked so no you can’t see anything.

What exactly do you think I’m fishing for with asking about LLC people are using in Thailand?
10 months ago
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Mitchell ********
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Phillip ********
New Mexico is explained why its the most superior destination for setting up an LLC in here
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10 months ago
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Mitchell ********
ORIGINAL POSTER
@Phillip *******
 thanks mate I’ll check it out
10 months ago
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Phillip ********
@Mitchell *******
 yes
10 months ago
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Phillip ********
@Mitchell *******
 They say Wyoming LLCs a are also good but ultimately NM is the most superior
10 months ago
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Ken **********
@Phillip *******
 NM. ???
10 months ago
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Ken **********
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Darren ********************
UK so I have a tax paying history back home. Might need it in the future.
10 months ago
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Phillip ********
@Darren *******************
 You don’t need a company in your home country to have a tax paying history at home.
10 months ago
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Phillip ********
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Nigel **************
LLC ???
10 months ago
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Mitchell ********
ORIGINAL POSTER
@Nigel *************
 setting up a company for tax benefit
10 months ago
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Mitchell ********
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