Bank/EMI for US LLC with 100% BVI member

[frankx1]

Imagine you have a US LLC which is 100% owned by some BVI offshore company. Zero substance in US or BVI.

The US LLC just invoices clients, gets paid through bank transfer.

Is it hard to get banking / EMIs with this setup? I think real banks may make trouble but EMIs? If you open the account I guess they want to know the UBO which is a natural person who owns 100% of the BVI.

 

[Sols]

Where is the substance?

What does the company do?

Why BVI?

Why US?

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This is the probably the answer to your question.

 

[Forester]

Sols said:
Where is the substance?

What does the company do?

Why BVI?

Why US?
Click to expand...

@Sols 's questions are essential. I am adding
”“ What is UBO's residence and citizenship?
”“ What is an expected turnover of the LLC?

Putting this aside, the answers for your three questions are “Yes ”“ In such a case both make troubles ”“ Definitely” 🙂

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[linusAG]

Forester said:
@Sols 's questions are essential. I am adding
”“ What is UBO's residence and citizenship?
”“ What is an expected turnover of the LLC?

Putting this aside, the answers for your three questions are “Yes ”“ In such a case both make troubles ”“ Definitely” 🙂
Click to expand...

I'll add some other questions

Why set up this structure?

What currencies do you need?

 

[JackAlabama]

linusAG said:
I'll add some other questions

Why set up this structure?

What currencies do you need?
Click to expand...

well having a llc in a holding structure is a common thing if you think about loading the us llc with assets. bc of the 40% smth estate tax in case the ubo dies.