Where should you incorporate your Amazon FBA or e-commerce business?
If you run an Amazon FBA, Shopify, or another e-commerce store, you should be operating as a company and not a sole trader.
While it’s possible to set up a US LLC, UK limited company, or any other domestic company, there are other, more lucrative ways to go around this.
Andrew discusses how you can pay substantially less tax and re-invest more of your money with an offshore company.
The difference between e-commerce sellers using offshore companies and those using domestic companies can be huge.
Using an offshore company not only limits your liability but allows you to re-invest all of your profits, not just what’s left over after taxes.
There are some important steps you need to take before you incorporate offshore to make sure you stay 100% legal.
It is advised to reach out to an expert for this kind of help, just so that you’re certain that you’re on the right track. Nomad Capitalist can help you here.
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ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
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