How to Set Up a LLC in USA for Non-Residents + US Bank Account (all sources shared)

I paid like 170 USD to create my LLC, it's registered in Delaware, and the service I used offers a sweet VoIP free trial for 60 days But don't have a mail forwarding service, anytimemailbox is awesome.
Will try signing up for a bank account, I was under the impression I need to have an EIN to do that. thanks
You need an EIN to apply for a corporate bank account. They will not accept an account without an EIN unless you are a sole prop with a SSN or ITIN. If you are a foreign founder/director you are going to need to supply a EIN and more the likely the full SS-4 document (PDF) ID and proof of address.
 
Out of topic. Since you will be having a US registered company. Would it be able to grant entry or working visa?
No, you are thinking more about E2 or EB5 visa. Each of those requires a minimum investment and also that you employ US citizens or permanent residents.
 
I wish you all had a great weekend.

I have seen many people in BHW asking questions about LLCs in the USA. I have been one of them in the past too.

The thing is that nobody shares their own sources publicly. Back at the time, I asked a member here on BHW (can't recall his name now) and he suggested me a service.
Guess what?! That service was a fcuking reseller and I ended up paying $500 to set up an LLC in Wyoming.



I'm not gonna share the RESELLER company, no worries lol. I'll share the main source.

The company I have used is Wyoming LLC attorney (.) com. You can set up your LLC in the US for $199.
After 1-year I paid $159 for Renew Agent Service & We File Annual Report With Our Name (Anonymous).

After setting up the company obviously you want to open a US bank account. I created a simple website for my company and applied for a bank account with Mercurey but I didn't have success. A friend of mine was accepted. So I would suggest you try Mercury first and if that doesn't work you can continue with Relayfi (.) com. They accepted my application and now I have a US bank account. I also received a Debit Business Card which Relayfi mailed to my business address (in this case Wyoming LLC attorney).
Then I used the MAIL FORWARDING service from the Wyoming LLC attorney (costs $65) and received the CARD.

If you don't need the physical Debit Card you can use the Virtual one. You can also create Virtual Debit cards for your registered employees. :)


With this LLC I also created an account Stripe account which is working like a charm.


NOTE

- I still haven't used the Relayfi yet as i don't really need the bank account. So I can't tell you my experience with them. (fees, maintenance, etc)
- I also didn't do any transactions with the company so I can't tell you anything about taxes etc.


TL: DR

Set up an LLC in Wyoming US with Wyoming LLC attorney (.) com
Open a US bank account with Relayfi (.) com


That's all, $200 and you have your LLC set up in the US.


Have a nice week ahead

PS. I'm not affiliated with any of those companies. Just my own experience.
Wow, I never knew you CAN do that kind of stuff.
Question 1: From "Non-Resident" you mean anyone who doesn't live in USA, possibly never visited and has never gained a citizenship?
Question 2: What about taxes? So we have to pay tax to USA or whatever country we live in, or both?
 
Question 1: From "Non-Resident" you mean anyone who doesn't live in USA, possibly never visited and has never gained a citizenship?
YES.

Question 2: What about taxes? So we have to pay tax to USA or whatever country we live in, or both?

Cant answer this question as I haven't used the LLC yet.
 
Wow, I never knew you CAN do that kind of stuff.
Question 1: From "Non-Resident" you mean anyone who doesn't live in USA, possibly never visited and has never gained a citizenship?
Question 2: What about taxes? So we have to pay tax to USA or whatever country we live in, or both?
Non resident means anyone who`s not a legal resident of the USA. Doesn`t matter if they`ve visited on a tourist visa at some point or have never set foot on US soil. Corporate taxes have to be paid to the IRS regardless of where you hold citizenship or residency. Your company would be a US company with an IRS issued EIN which means it has to pay US corporate taxes. Doesn`t matter if you are a resident of Austria or Zimbabwe if you form a US company, that US company has to pay US corporate taxes on it`s US revenue.
 
For Non-US residents the tax situation for an LLC is extremely high risk and not to be taken lightly.

The consensus is as long as you're not ETBUS (engaged in a trade or business in the United States), you're not subjected to US taxes. Unfortunately, courts have not provided a clear and definite standard of what constitutes “considerable, continuous, and regular” business in the US.

=======================

(Taken from onlinetaxman.com) "Tax treaties also play a role. Some tax treaties include dependent agent exceptions. Therefore, if you reside in a country with an applicable tax treaty with the US, you may not be subject to US tax.

Depending on the treaty, you could claim you operate a “permanent establishment” (e.g., an office or other fixed place of business) in the country where you are a tax resident. In other words, when you live, work and pay tax in your home country, the tax treaty may circumvent the US rights to tax you.

In general, not taxable are:

Personal services performed from abroad
Selling digital products
Web design etc.
Selling physical products if the shipping point is from outside of the US."

=======================

And regarding to filing, YES you are required to file some forms each year. Failing to do so WILL lead to high fines from the IRS. Easily $25K or more.

=======================

"Previously single-member LLCs with foreign owners were not required to file. However, starting 2017, all foreigners who own a US LLC must file a 5472 US tax return with the IRS for disclosure purposes even if they do not owe tax in the US.

In addition, foreign owners should be aware of the LLC tax implications in their local fiscal residence jurisdictions. The income from the US LLC may still be taxed in the country of residence."

=======================

So yeah I would definitely consult tax professionals in the US as well as your home country (tax residence) before considering this kind of setup.

Setting up an LLC is easy and cheap. Maintaining it and staying compliant will require and accountant or significant tax knowledge on your part to avoid problems such as fines, double taxation, etc.
 
@Slippers, don`t post these posts because you don`t know from which countries are the members that ask these questions. It is not as simple as the quote from onlinetaxman.com.
 
@Slippers, don`t post these posts because you don`t know from which countries are the members that ask these questions. It is not as simple as the quote from onlinetaxman.com.
Please read the last 2 lines of my comment...

I'm not saying it's simple, actually quite the opposite. Setting it up is easy and cheap. Maintaining this structure, including tax filing etc. is difficult and expensive.
 
Thank you for sharing everything.
I will tell you my story.

Registered Wyoming LLC several years back. At the time the service provider was adamant that with a non-resident LLC there will not be tax implications. After two years my tax bill was over $438k, which I eventually was forced to pay after consulting with a friend from Big4 auditing firm.

Nowadays my set up is slightly different and my name is not in any of the vehicles but in agents (US citizen). So please consult a CPA in regards to your tax affairs.
438k or 438usd?
 
I was just thinking of doing this, how did you know?
Very good share, and many good replies.
Thanks a lot.
 
Thanks for the share OP.
Quick question - Stripe sends you money to your US bank account right?
 
Back
Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features and essential functions on BlackHatWorld and other forums. These functions are unrelated to ads, such as internal links and images. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock