I own a business in the USA, where I currently live. My business will remain in the US, and it only has US clients. I don't want to move it or create a subsidiary in PT (mostly because I do not want to invoice my clients from PT ever & as I understand a PT business has to use their invoice/accounting system).
If this matters, the details are: It is an online service based business. I have employees. As the owner, I no longer do the actual work, but I do manage and make company decisions. Not sure if that is considered "working" in PT or not. I've had my business for years, so while the revenue does fluxuate (what business doesn't?), it is for the most part, steady and/or increasing.
#1: Am I going for a D7 visa then?
#2: How should I set up paying myself to meet the requirements for D7 and NHR? Should I do payroll or just dividends? (I read somewhere that it "depends how you pay yourself" but they did not say which way to do it!) I assume I need to show both my business account and my personal account, right?
#3: NHR status means I am paying US taxes, right? I file but owe nothing to PT, and I file US and pay the taxes due. Yes? US is a lot lower tax rate than PT, I assume.
#4: Currently, my merchant account processes payroll, too. They take the payroll directly from the sales revenue. The balance is then deposited into my business account, for all other OPEX and Owner $$. Since your video said all bank statements/financials should be "easily understood" (which is hugely subjective), should I have all revenue deposit into my business account and then payroll come from the same account - just to show the total sales earned?
Appreciate you all!
p.s. I did reach out to relocation services/lawyer...they all had a different answer of what to do! Since I need 6 months of statements and want to go in 2021, now is the time to make sure it's all being processed correctly!