Alien Wise

Greetings. I will start by saying that I am not an accountant, but I read your message and I would suggest a different approach to solve the problem you are experiencing. It is possible for you to set up an RL company in the United States eventhough you are a Greek national. You would probably want to create a Limited Liability Company (LLC) to protect your personal assets. The costs for doing so vary from state to state, so you will probably want to search carefully for a state that offers cheap LLC creation. Last I knew the state of Michigan is cheap and allows you to create an LLC through online application and the process is completed within just a few business days. Once you have your US LLC, you can then purchase your SL mainland sims through that company, which will then cost you just the US$190, instead of the US$240. When your LLC generates income on the land holdings, it is your LLC that will have to pay the taxes to the US IRS. The US federal business tax rates tend to be significantly lower than in the EU (and of course it matters in which state you have created your LLC when it comes to state level taxation). Due to the tax treaties that exist between the US and most other countries, your LLC would then not have to pay tax to the Greek government, because the treaties are designed to prevent double taxation. If/when your LLC pays you to your Greek bank account, that would count as income according to the Greek government and you would have to pay taxes in Greece on that personal income. In conclusion, setting up the LLC in the US would be cheaper, you could operate your business as a US LLC and get the sim price benefits of that, you could get the lower tax rate benefits and you should not be double taxed on the Greek side of the story. Only when you personally receive funds from your LLC would you personally get taxed on the Greek side. Taken together this could result in significant savings. For clarity, I am not an accountant and am merely posting this suggestion for your consideration. Careful research is required to make sure of the tax treaty details between the US and Greece. I would like to know how things work out for you. Kind regards, Alien Wise