Masterclass: American Entrepreneurship in Portugal

This masterclass covers what American entrepreneurs should think about when starting a business in Portugal.

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- Introduction
  
  The IRS came with you to Portugal.
  
  The IRS came with you to Portugal.
- The Big Picture: You Can't Outrun the IRS
  
  The corporate address on your letterhead does not change your U.S. tax obligations.
  
  The corporate address on your letterhead does not change your U.S. tax obligations.
- Operating Through a Portuguese Company
  
  Clean from a Portuguese perspective. Potentially a Controlled Foreign Corporation from day one under U.S. law.
  
  Clean from a Portuguese perspective. Potentially a Controlled Foreign Corporation from day one under U.S. law.
- CFC Tax Rules: When the IRS Taxes Income You Haven't Touched
  
  Income earned inside your Portuguese company can be taxable to you personally, even if the company never pays you a cent.
  
  Income earned inside your Portuguese company can be taxable to you personally, even if the company never pays you a cent.
- Permanent Establishment: The Portuguese Tax Side
  
  There is no simple way to stay U.S. when you are physically in Portugal running a business.
  
  There is no simple way to stay U.S. when you are physically in Portugal running a business.
- Using a U.S. Company to Operate in Portugal
  
  Using a U.S. entity doesn't make Portugal go away.
  
  Using a U.S. entity doesn't make Portugal go away.
- Choosing a Structure: The Key Questions
  
  There is no single correct structure. The right answer depends entirely on your specific situation.
  
  There is no single correct structure. The right answer depends entirely on your specific situation.
- Common Mistakes
  
  Every one of these mistakes is fixable, but all of them are cheaper to avoid than to correct.
  
  Every one of these mistakes is fixable, but all of them are cheaper to avoid than to correct.
- Key Takeaways
  
  Building a business in Portugal as an American is achievable. The U.S. tax side of it is manageable when planned from the start.
  
  Building a business in Portugal as an American is achievable. The U.S. tax side of it is manageable when planned from the start.

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