i can also vouch for this.  I founded and ran a software company in Thailand for 8 years, and regret doing it the &quot;right&quot; way (incorporated) because of the administrative burdens associated with taxation.   Additionally due to US banking laws (anti terror yadda yadda) it is very difficult to do business on the internet unless you have a bank account in the USA (or perhaps EU etc..   just an account somewhere besides Thailand).