Crypto friendly EMI and/or Bank for a foreign-owned US LLC

[TerraMan]

I am a non-US and non-EU citizen and resident and I own a US LLC. I am looking to open an account for that LLC with which I will be able to receive US wires and then send the money to my personal Advcash account, or at least buy crypto directly. I am looking into Revolut and Bankera, but I am not sure if I can open an account there as a US LLC owned by owner that is neither a US or EU citizen or resident and if I can send money to my personal Advcash.

Any help or suggestions is greatly appreciated! Thank you in advance kind people!

 

[VESTANON]

@TerraMan

With regards the LLC, does this have A TIN?

what service category is the LLC currently operating In?

Try mercury bank, quite flexible with regards onboarding LLC's..

Toggle signature

HighRisk P2P Card To Crypto Setups
ӢFiat->CryptoӢVerified EmiӢVcc Cards
ӢBank AcctsӢDebit CardsӢCrypto Emis
ӢCard To Crypto Cashouts
:[email protected] 😎​

 

[tacokai]

There was also a reseller of US LLC's aound in the past, have not seen him long.. he claimed to be able to open bank accounts for US LLCs, crypto friendly.

Toggle signature
I'm proud to become an Elite Lifetime member of the Mentor Group Gold.
The secret of being happy is accepting where you are in life and making the most out of every day

 

[JosephLL]

Anyone here successfully pased kyc with usllc to be registered on either Kraken / BinanceUS / Gemini / Coinbase ? What info are they asking for? I'm looking for an exit direction (cashout).

 

[prototypevenom]

JosephLL said:
Anyone here successfully pased kyc with usllc to be registered on either Kraken / BinanceUS / Gemini / Coinbase ? What info are they asking for? I'm looking for an exit direction (cashout).
Click to expand...

I tried US LLC at FTX they asked for

1) Executed (signed and dated) operating agreement. If you do not have one, please state that this is the case. 2) Please list all members with the percentages of equity interest in the company. 3) Proof of source of funds: Your most recent company bank statement would suffice. 4) Your most recent invoices, receipts, or contracts sent to customers.

 

[TerraMan]

VESTANON said:
@TerraMan

With regards the LLC, does this have A TIN?

what service category is the LLC currently operating In?

Try mercury bank, quite flexible with regards onboarding LLC's..
Click to expand...

Thanks for the response! Yes, I do have an EIN assigned for the LLC. I formed it for crypto trading primarily. As far as I can see, Mercury is very much crypto unfriendly, they dont want to do anything related to cryptos?

 

[VESTANON]

tacokai said:
There was also a reseller of US LLC's aound in the past, have not seen him long.. he claimed to be able to open bank accounts for US LLCs, crypto friendly.
Click to expand...

@tacokai

currently a propable solution for owners of LLCs would be to get an offshore entity , setup in a more friendly jurisdiction thats readily acceptable by EMIs.

an added option would be setup a subsidiary based on the LLC services, business activity with same name as LLC, the subsidiary in turn would enable @TerraMan get setup and onboarded with prospective EMI of choice.

US LLCs currently are considered undesirable by EMIs at least at the moment.

Toggle signature

HighRisk P2P Card To Crypto Setups
ӢFiat->CryptoӢVerified EmiӢVcc Cards
ӢBank AcctsӢDebit CardsӢCrypto Emis
ӢCard To Crypto Cashouts
:[email protected] 😎​

 

[Cryptohodler]

TerraMan said:
I am a non-US and non-EU citizen and resident and I own a US LLC. I am looking to open an account for that LLC with which I will be able to receive US wires and then send the money to my personal Advcash account, or at least buy crypto directly. I am looking into Revolut and Bankera, but I am not sure if I can open an account there as a US LLC owned by owner that is neither a US or EU citizen or resident and if I can send money to my personal Advcash.

Any help or suggestions is greatly appreciated! Thank you in advance kind people!
Click to expand...

Try Arrival bank, silvergate bank, FV Bank and let us know the outcome

 

[Dom pedro]

Cryptohodler said:
Try Arrival bank, silvergate bank, FV Bank and let us know the outcome
Click to expand...

I am also interested if anyone was able to get a bank account as a foreign owned llc. I am also interested in crypto / stock exchanges.

 

[Cryptohodler]

Dom pedro said:
I am also interested if anyone was able to get a bank account as a foreign owned llc. I am also interested in crypto / stock exchanges.
Click to expand...

I have read in this forum that FV Bank, Arrival will open for US llc but silvergate, signature like companies not registered in US. Silvergate seems to onboard UAE free zone companies.I am told among UAE local banks emiratesNDB works well with kraken's bank frick euro account. Someone can try these ideas and inform us the outcome.

 

[Dom pedro]

Cryptohodler said:
I have read in this forum that FV Bank, Arrival will open for US llc but silvergate, signature like companies not registered in US. Silvergate seems to onboard UAE free zone companies.I am told among UAE local banks emiratesNDB works well with kraken's bank frick euro account. Someone can try these ideas and inform us the outcome.
Click to expand...

Thanks. I forgot to mention that my LLC is US. I will try Arrival and FV once my EIN arrives. One important thing about Arrival though is that it is actually based in PR. I hope that would not be a problem with brokers such as IBKR.

 

[Cryptohodler]

Dom pedro said:
Thanks. I forgot to mention that my LLC is US. I will try Arrival and FV once my EIN arrives. One important thing about Arrival though is that it is actually based in PR. I hope that would not be a problem with brokers such as IBKR.
Click to expand...

You should ask arrival bank but I assume they give you a local US Bank account which ibkr should accept.

Dom pedro said:
Thanks. I forgot to mention that my LLC is US. I will try Arrival and FV once my EIN arrives. One important thing about Arrival though is that it is actually based in PR. I hope that would not be a problem with brokers such as IBKR.
Click to expand...

Although veteran members on this forum post that silvergate bank is only for B2B structures, their policies might have changed since then. I assume that your business structure involves only you trading with your own money ie not on behalf of any clients.
Still it would be worthwhile to contact them and apply .you won't lose any money on application rejection. If they do accept you then it's better since they are a proper regulated bank.your money is insured by federal insurance corporation.
Please let us know on this forum,the out ome of your silvergate application.it will help others in similar situations

Last edited: Sep 4, 2022

 

[Fred]

Arrival Bank will work - it's like a domestic US Account for Fedwire and ACH Payments however when it comes to International Wire Transfers it's through a Pooled Account with Payment Reference.

Toggle signature

 

[Tr0nad0r]

Fred said:
Arrival Bank will work - it's like a domestic US Account for Fedwire and ACH Payments however when it comes to International Wire Transfers it's through a Pooled Account with Payment Reference.
Click to expand...

iirc, some time ago they applied for an EMI license in Lithuania (I guess for EUR accounts), are they offering EUR accounts at the moment?

 

[Dom pedro]

Cryptohodler said:
You should ask arrival bank but I assume they give you a local US Bank account which ibkr should accept.


Although veteran members on this forum post that silvergate bank is only for B2B structures, their policies might have changed since then. I assume that your business structure involves only you trading with your own money ie not on behalf of any clients.
Still it would be worthwhile to contact them and apply .you won't lose any money on application rejection. If they do accept you then it's better since they are a proper regulated bank.your money is insured by federal insurance corporation.
Please let us know on this forum,the out ome of your silvergate application.it will help others in similar situations
Click to expand...

You are right, I am only going to trade with my money. Also they are $10/month with $0/mo for balances above $1500, while arival is $100/mo.

 

[Fred]

Tr0nad0r said:
iirc, some time ago they applied for an EMI license in Lithuania (I guess for EUR accounts), are they offering EUR accounts at the moment?
Click to expand...

Yes they do

Toggle signature

 

[Cryptohodler]

Dom pedro said:
You are right, I am only going to trade with my money. Also they are $10/month with $0/mo for balances above $1500, while arival is $100/mo.
Click to expand...

Try your luck with silvergate.let us know the outcome

 

[Dom pedro]

VESTANON said:
@tacokai

currently a propable solution for owners of LLCs would be to get an offshore entity , setup in a more friendly jurisdiction thats readily acceptable by EMIs.

an added option would be setup a subsidiary based on the LLC services, business activity with same name as LLC, the subsidiary in turn would enable @TerraMan get setup and onboarded with prospective EMI of choice.

US LLCs currently are considered undesirable by EMIs at least at the moment.
Click to expand...

What would be a good jurisdiction for that?

 

[VESTANON]

Dom pedro said:
What would be a good jurisdiction for that?
Click to expand...

Take a peep at the few usual suspects
uae
uk
HK
Sych
Mauritius
The above jurisdictions are lot less tricky compared to a US LLC..

Toggle signature

HighRisk P2P Card To Crypto Setups
ӢFiat->CryptoӢVerified EmiӢVcc Cards
ӢBank AcctsӢDebit CardsӢCrypto Emis
ӢCard To Crypto Cashouts
:[email protected] 😎​

 

[Dom pedro]

VESTANON said:
Take a peep at the few usual suspects
uae
uk
HK
Sych
Mauritius
The above jurisdictions are lot less tricky compared to a US LLC..
Click to expand...

What is the cheapest option? I am thinking of UK LLP, with me + my US LLC as partners. What do you think? I heard in some topics that it's very hard to get banking for UK LLP with foreign partners.