Thanks. Is there any disadvantage in a Florida LLC? It seems cheaper than Delaware but more expensive than NM and WY. Maybe also less registered agents to choose from. Honestly I don't want anonymity. I will report this company in my way to my local tax authority anyways. But maybe I am missing something, as there must be a reason why it is never commented.
Tax optimization. Although in US LLCs are pass through entities, I was able to confirm with a local lawyer that for my country the only thing I need to report is "Shares of company XXX" and I would need to pay taxes only on the dividends I pay myself or if I sold the company someday for a profit. This allows me to reinvest the profits and accumulate more wealth over time. If someday I move to a territorial tax country I can basically cash out everything I accumulated without paying anything.
No, only for WY. But maybe is not even a requirement of theirs, just missinfomation.
I agree, you complicate the entire case with not showing your name.
I have a WY LLC and opened a transferwise account two years ago without any problem.
Banks will ask for your operating agreement in addition to your article of organization. If your name is a signatory or a member listed in the operating agreement you should not have any problem. I have multiple LLCs in WY and NM and never had any issue to open bank or brokerage accounts.
Thank you, was what I was looking for. Wise is reliable I would not have any doubts to use them.
Some banks require that, it depends on the bank. US bank for example requires it.
As I stated in other thread, for USA LLC they asked me SSN in September of past year, so if you don't have SSN ask them before going to that route.
This is contrary to every other piece of information I`ve found on the Internet. What other people say is that not only you don't need a SSN, people could create Wise account even without EIN.
yeah i know, in fact I just told my own experience and no way I assume it is a general rule, what I simply suggest is to check with Wise BEFORE incorporating a LLC as a non resident, which should be anyway common sense for each legal step.
This sounds a lot like my home country...just want to confirm
