SkyAndSand

Oh, I didn't know that. Thanks a lot!

Yes, I use macOS as development VM on a maxed out 16 inch M1 MacBook Pro. It all works as expected, except you don’t have any VM settings (e.g. how much ram / cpu you want to give the VM) and Docker doesn’t run inside the VM.

My two cents: Introduce a wealth tax that only kicks in after $1B or even $10B so people still have plenty of motivation to work and get rich.

You are allowed to keep control of a company, (e.g. Elon can keep control of Tesla), but then the stock has to be structured in a way that all financial gains are in a separate vehicle that will be taxed 100% as soon as the stock is sold.

Finally (and most crucially), the money raised by this “tax” will not go to a governments pot but directly be distributed as cash to all Americans to make sure that it can’t be wasted by bureaucrats nor used for partisan purposes.

Basically, if $500B is raised in wealth tax in 2022, by mid 2023 every American gets ~$1500 in cash to spend.

What do you think?

Speaking from experience - yes you can create a LLC without being a US citizen or green card holder. You also can get bank accounts with Wise and Mercury for your company without traveling to the US.

Awesome, thanks. May I ask why you went with the C Corp and not an LLC? Probably to make it easier for new investors?

Understood, I sent you an email.

I do, what do you want to know?

Why do you need my email for that? :)

I’d also love to learn more. Sounds interesting!

What exactly does the Cayman Delaware sandwich look like? Cayman Holding and Delaware C Corp as operational company? What is the purpose of the Cayman holding then?

I understand that. But why would a US company need a NL bank account?

So basically you are a group of non US citizens living in the US and wanted to have a shared entity to do investments? Well I guess then a Delaware C Corp is the logical solution? Did you use Stripe Atlas to set it up?

Very interesting setup. I’ll have to think a bit about that. Thanks for the write up.

Are you sure? Because at the YC doesn’t invest in them unfortunately.

Well, you have these jurisdictions already (e.g. Cayman). However if the employees are all based in other countries then you’ll always have to comply with employment regulations there.