Many US expats operate businesses abroad, and often establish entities (e.g., foreign corporations) that provide limited liability protection.
Operating a business through a foreign corporation has distinct advantages from a US tax standpoint. However, the downside is the detailed reporting requirement – Form 5471 (Information Return of U.S. Persons with Respect to Certain Foreign Corporations).
At Hola Expat, we assist numerous clients with their foreign business reporting. We also provide guidance on business entity structuring and long-term tax planning. Most expat tax accountants do not have the expertise. With us, you’re in good hands.
*Hola Expat does not perform bookkeeping services, but works with the company’s data.