Openning LLC & Bank Account & Paypal in USA for non-us residents ???

Capo Dei Capi · Jul 7, 2016

RuthSam said:
I know that Delaware corps usually pay 0% in tax but it seems that this Stripe constalation is different and that you have to pay tax i.e. 35% there so if that is true you will have to pay tax also in your local country unless there is a double tax treaty in place which I doubt there is but don't know of course.

The Delaware corps are not 0%, and even with their rates and any other state you still have to pay federal corporate income tax.

http://www.nolo.com/legal-encyclopedia/delaware-state-business-income-tax.html

Offshore Banking · Sep 15, 2016

deki33 said:
Is there anybody here who has managed to open LLC in USA and to open Paypal business account in USA?
What is procedure for that? I know I can open LLC remotely, but for bank account I guess I would need to travel to USA and be physically in bank.
But I don't know how can I open PayPal account in USA that is connected to that LLC and its bank account.
Usually Paypal asks for residential documents that proves that person is living in USA.

Does anybody knows anything about this?

Keep your Fingers away from the U.S. as long you dont have a Green Card, Investor Visa or any other Work Permit. You will get in serious Trouble.

RuthSam · Sep 15, 2016

Offshore Banking said:
Keep your Fingers away from the U.S. as long you dont have a Green Card, Investor Visa or any other Work Permit. You will get in serious Trouble.

You base this statement on what?

wellflash007 · Sep 15, 2016

i am from a country where there is no paypal at all you get limited you make one and get your payment,but i am using one usa for 2 year now and got over 20-30k from it
there is a algorithm you have to be very carful with it if you are not you will be limited in a instant

Offshore Banking · Sep 15, 2016

RuthSam said:
You base this statement on what?

On my Personal Experience owning a few Post Box Companies across the United United States.

wellflash007 said:
i am from a country where there is no paypal at all you get limited you make one and get your payment,but i am using one usa for 2 year now and got over 20-30k from it
there is a algorithm you have to be very carful with it if you are not you will be limited in a instant

Best is if you use a UK Paypal Account. Sending your Money to a Middle Man for a small Commission and getting it transferred by Western Union or to a Offshore Bank Account.

toml3030 · Sep 15, 2016

Offshore Banking said:
Keep your Fingers away from the U.S. as long you dont have a Green Card, Investor Visa or any other Work Permit. You will get in serious Trouble.

Some banks will let you open a personal checking account with just a consular ID.

noph34r · Sep 15, 2016

Interesting discussion. I would like to test Stripe Atlas

BassTrackerBoats · Sep 15, 2016

Offshore Banking said:
Best is if you use a UK Paypal Account. Sending your Money to a Middle Man for a small Commission and getting it transferred by Western Union or to a Offshore Bank Account.

I'd think that would have some risk as that could be considered money laundering.

Offshore Banking · Sep 15, 2016

toml3030 said:
Some banks will let you open a personal checking account with just a consular ID.

And where to get a Consular ID? You think People can just walk into Embassies and ask for it? Let me try tomorrow, maybe they will give me also a Diplomatic Passport. *LOL*

Offshore Banking · Sep 15, 2016

BassTrackerBoats said:
I'd think that would have some risk as that could be considered money laundering.

Could be, depends how you do it. Buying and Selling Bitcoins could be also considered Money Laudering, until now its not. There is always a Grey Zone.

Offshore Banking · Sep 15, 2016

Offshore Banking said:
Could be, depends how you do it. Buying and Selling Bitcoins could be also considered Money Laudering, until now its not. There is always a Grey Zone.

Many Chinese Businesses also use UK Paypal Account for their Sales on Ebay, Alibaba ect. and transferring it later to Hongkong or other Jurisdictions.

BassTrackerBoats · Sep 15, 2016

Offshore Banking said:
Could be, depends how you do it. Buying and Selling Bitcoins could be also considered Money Laudering, until now its not. There is always a Grey Zone.

I agree. That is why I said it could be considered... I would not go there myself but I know others are fine with that risk.

toml3030 · Sep 15, 2016

Offshore Banking said:
And where to get a Consular ID? You think People can just walk into Embassies and ask for it? Let me try tomorrow, maybe they will give me also a Diplomatic Passport. *LOL*

You can get consular id's at most cosul general within US. It's a quick process if you have the paperwork in order. You can also use an ITIN to open bank accounts, and you can get an ITIN without having a green card.

toml3030 · Sep 15, 2016

BassTrackerBoats said:
I agree. That is why I said it could be considered... I would not go there myself but I know others are fine with that risk.

Remember, the taxman in the US is pretty much the only legal authority that can declare you guilty and start seizing your assets without having to go through due process of the law. There's a reason why they jailed Al Capone on tax charges when they couldn't get a conviction any other way.

BassTrackerBoats · Sep 15, 2016

toml3030 said:
Remember, the taxman in the US is pretty much the only legal authority that can declare you guilty and start seizing your assets without having to go through due process of the law. There's a reason why they jailed Al Capone on tax charges when they couldn't get a conviction any other way.

I have a buddy that says that the most powerful force in the Universe is the IRS which is why I would not touch that idea @Offshore Banking banking proposed with anyone's 10 foot pole because my buddy is 99.9% correct there.

Offshore Banking · Sep 15, 2016

toml3030 said:
You can get consular id's at most cosul general within US. It's a quick process if you have the paperwork in order. You can also use an ITIN to open bank accounts, and you can get an ITIN without having a green card.

I agree. There is actually no Visa Requirement to start a Company in the US. An LLC or Corporation can be formed by a non-US citizen. The only Requirement is that the Business must have a Registered Address. For a non-US citizen living outside the Country the easiest way is to use a registered Agent. There are plenty of registered Agents advertising online. There is Registration Fee of a few hundred US Dollars and an ongoing Annual Fee of US $50. The only ongoing Requirement to keep the Company active is to file an Annual Tax Return.

As a non-US citizen, however, you cannot be employed by the Company. If you want to also work for the Company you will need a Visa for the US which gives permission to work. The most likely way of obtaining this Permission is through an E-2 visa. This visa is an 'Investors' Visa and requires Evidence of substantial Investment into the US Economy and to additionally show Evidence of creating employment Opportunities in the US.

clickj4ck · Sep 15, 2016

I can do it in uk. And its possible to do it online. but it all depends on your name and address.

Offshore Banking · Sep 15, 2016

Offshore Banking said:
I agree. There is actually no Visa Requirement to start a Company in the US. An LLC or Corporation can be formed by a non-US citizen. The only Requirement is that the Business must have a Registered Address. For a non-US citizen living outside the Country the easiest way is to use a registered Agent. There are plenty of registered Agents advertising online. There is Registration Fee of a few hundred US Dollars and an ongoing Annual Fee of US $50. The only ongoing Requirement to keep the Company active is to file an Annual Tax Return.

As a non-US citizen, however, you cannot be employed by the Company. If you want to also work for the Company you will need a Visa for the US which gives permission to work. The most likely way of obtaining this Permission is through an E-2 visa. This visa is an 'Investors' Visa and requires Evidence of substantial Investment into the US Economy and to additionally show Evidence of creating employment Opportunities in the US.

That all means. You can have a Business in the US. You can open a Business Account in the US. But as soon you are acting as the Director without a Visa or Work Permit you are considered to work illegally in the US and you can be deported from the US.

toml3030 · Sep 15, 2016

Offshore Banking said:
I agree. There is actually no Visa Requirement to start a Company in the US. An LLC or Corporation can be formed by a non-US citizen.

In certain states (Wyoming, Nevada), you don't even have to declare who the owners or directors of a multi-party LLC's are.

Offshore Banking · Sep 15, 2016

toml3030 said:
In certain states (Wyoming, Nevada), you don't even have to declare who the owners or directors of a multi-party LLC's are.

As I said before. Its all a Grey Zone. As long nobody knows, nobody cares. Just keep paying your Taxes and all is fine.

Openning LLC & Bank Account & Paypal in USA for non-us residents ???

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