I'm a permanent resident living in the US and would like to invest some money in a company run by my family back in Poland. I'm trying to figure out how to do this and what kind of tax implications it would have.
To make things easier, lets say my brother and I would form a new company registered in Poland, we would both invest the same amount in it and own 50% of it. What is the best way to do all that when it comes to:
- transferring the initial capital from US to Europe?
- taking profits out of the company?
- reporting it on my US tax return?
How would it differ if I were to invest in an already existing company?