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📞 Book a consultation: https://kshkcpa.com/contact/ If you're a non-US resident running a remote business through a US LLC, or you're considering the best offshore structure for the long term, this video is crafted just for you! 👋 Hi, I'm Raymond, a qualified accountant based in Hong Kong. I specialize in helping international clients set up and maintain their businesses under a Hong Kong LLC. Recently, I've seen a surge of inquiries from non-US clients wanting to transition from a US LLC to a Hong Kong company due to issues with PayPal and Stripe accounts being restricted or banned. In this video, we'll dive deep into a comparison of two popular offshore company structures: the US LLC and the Hong Kong company. We'll explore: 1) Company Status: Understanding legal and tax implications. 2) Company Maintenance: Compliance requirements and costs. 3) Banking and Payment Gateways: Access to financial services and stability. We'll discuss how changes in US policies, such as the Corporate Transparency Act, are impacting foreign-owned US LLCs and why a Hong Kong company may offer a more robust solution for your business. 🔍 Key Takeaways: Learn about the legal protections and tax benefits of both structures. Discover the differences in maintenance and compliance requirements. Understand the banking landscape for foreign-owned LLCs in both jurisdictions. 👍 If you find this video helpful, please like, subscribe, and turn on notifications for more tips on managing your remote business! 📅 Need personalized guidance? Click the appointment link in the comments below. I'm here to help ensure your business setup is professional and efficient. Thanks for watching, and see you in the next video! Chapters: 00:00:00 Introduction 00:01:55 Comparison #1: Company Status - Legal Status 00:02:15 Comparison #1: Company Status - Tax Status 00:03:27 Summary of Comparison #1: Company Status 00:03:41 Comparison #2: Company Maintenance 00:05:00 Comparison #3: Banking and Payment Gateways 00:06:36 Conclusion 00:07:45 Book a FREE Consultation Call and see more Videos! #nomadcapitalist #USLLC #hongkongcompany #hongkongincorporation #BusinessSetup #entrepreneur #TaxBenefits #Banking #corporatetax #OffshoreCompany #remotebusiness