Thanks for the clear explanation! It’s kind of wild that US citizens can not open companies abroad given the high reliance on finance of the US economy.
I did open a company in my EU country and I had to pay 1600 USD annually for US tax filing as a result.
If I open a US company and establish a foreign branch of the US company in Europe, it’s only 200 per year.
You can do the math and see how this effectively forces US control over European companies if Americans are involved. It’s in Europes interest to end this
Thanks for the clear explanation! It’s kind of wild that US citizens can not open companies abroad given the high reliance on finance of the US economy.
I did open a company in my EU country and I had to pay 1600 USD annually for US tax filing as a result.
If I open a US company and establish a foreign branch of the US company in Europe, it’s only 200 per year.
You can do the math and see how this effectively forces US control over European companies if Americans are involved. It’s in Europes interest to end this