LLC vs LTD. where should i register a company

Hello Im trying do wholesale and dropship on general marketplaces including amazon + my own online store

And my main questions are:

1.Most tax efficient company considering all cases over long term

Im between 2 routes either make an LLC for 350$ including address ,documents(operating agreements. resell permit etc) ,registered agent +filing for a year but 135$ for upcoming years
Or make a LTD for cheaper but i heard they charge 20% VAT after making 85,000 and 19% on all LTD (and increases with higher sales) but i read that you dont have to pay if you are in double taxation country

Does that make US better in long run while LTD for short term? is it possible to make shopify with bank acc etc with LTD and dissolve it near the 85k mark switch to an LLC (is this even applicable or am i missing some info here)

Where are you from? And where is your base clients?

Ltd much more Payment Gateway options

DavidG1510 said:

Where are you from? And where is your base clients?

Click to expand...

I'm based in turkey and will start ads on US but might experiment on other countries

titodez said:

Ltd much more Payment Gateway options

Click to expand...

it also comes with less registration /documentation fees but doesnt US LLC continue to be tax exempt long term making it better than paying 19% LTD +(20% VAT after 85k limit) / base country tax
-Or am i missing some info here?

If you live in turkey you need to open a company in turkey unless if you have a specific setup with employees. Open in turkey or move in thé country you prefer. Cyprus Can be a good bet. Us arent a tax free country.

titodez said:

If you live in turkey you need to open a company in turkey unless if you have a specific setup with employees. Open in turkey or move in thé country you prefer. Cyprus Can be a good bet. Us arent a tax free country.

Click to expand...

No employees but a solo LLC dropshipping-wholesale, does LLC with resell permit and tax exemption still be taxed?
Why would it be prefered to open in base country (as i think that US/UK company would have some benefits , as you said better gateways) .why cyprus specifically
If you could point me where i can look up this info because i talked with fiverr lawyers yet im left with this missing info

Bro, two weeks ago I had a same questions.

I talked to a LTD support in UK and he told me that first one year I’m free from taxes, I’m from your neighbor country and I’m sure It’s also the same for you.
After one year If you will have revenue, you need to have accountant who will fill forms instead of you, as I read It, you need $150-200 per month for accountant.
Register LTD in UK costs 140£ and you are free for first year, so If you are starting now my advice is to start with LTD and attach It to a Stripe account.
I’m gone do It tomorrow.

You need to incorpore your company where you live.

titodez said:

You need to incorpore your company where you live.

Click to expand...

Please , this info is not true