I’m a US citizen living in Japan with Japanese PR, sole proprietor, working for a US-based company, earning USD paid into a US bank account. Because of the weak yen, my income taxes calculated in Japan from USD to JPY are set to be very high this year, to the point where I would save a lot of money on my income taxes by incorporating to get the corporate tax rate instead of remaining taxed as a sole proprietor.
Instead of going through the process to incorporate in Japan, is there any way to incorporate in the US and still be taxed at the corporate tax rate in Japan? What would be the differences between incorporating in the US vs Japan overall and for tax purposes?
Is anyone else in a similar situation and do you have any other advice for reducing taxes paid in Japan for USD earners?
by teqqtite