Here's the structure I use for my US citizen digital nomad clients, from the top down:
- You're the sole shareholder and sole director of a Belize IBC;
- The Belize IBC is the sole member of a Wyoming LLC;
- You're the sole manager of the Wyoming LLC; and
- The Wyoming LLC has a US bank account.
This structure really provides the best of all worlds. You get the US tax benefits of operating a business through a non-US corporation, combined with the operational benefits of using a US bank account. You avoid the hassles of Hong Kong, both for the corporation and banking.
It works great for Amazon FBA, SaaS businesses, really any type of location-independent business.
The US tax aspects are easy: You simply pay US tax on your salary that's in excess of about $100,000 a year. The company can invest the excess earnings on a pre-tax basis. Then, 100 years from now when you return, you have to pay US tax on dividends from the company (so, overall the company works like a traditional IRA that you can contribute way more than $5,500 per year to).
Happy to answer any questions about how this structure works.