Recent content by tomboy

I believe so, yes. You should book an appointment before, make sure you have all necessary documents and I believe they would open the account on the spot for you.

Can they open account for non US resident remotely ?

It's true that a New Mexico LLC can offer a level of privacy as personal details may not be required for public records. Using a registered agent can further enhance privacy, as they can act as the public face of the LLC. However, remember that this doesn't equate to complete anonymity...

Can anyone share which banks ZEN.com relies on for handling EUR and USD transactions? Specifically, when issuing an invoice with payment instructions for ZEN, which bank's details are provided to the client

You are right, let's assume the IRS starts sharing tax information retroactively. As I mentioned in my initial post, they will share it with a third country where I hold citizenship but don't live. This is the address I give when filling 5472. does it make more sense now?

I does not relate to Spain, but does not matter we can take it as an example. how would they know? you are right, this is in case the country where I live know about this company.

Hi everyone, I'm a business owner with a company based in the U.S., but I currently reside in Europe. I'm exploring the possibility of using an EOR (Employer of Record) to help manage my employment status in the European country where I reside. I would like to hire myself to have a local...

the U.S. has established a network of bilateral intergovernmental agreements (IGAs) under FATCA with many countries to facilitate the exchange of tax-related information. These IGAs might lead to some level of reciprocal exchange of information, but it is not as comprehensive or as broad-based...

No, that's not true. In Spain no one is checking. In France neither.

Absolutely, a Spanish resident can legally own a USA LLC, irrespective of the state in which it's registered, provided both U.S. and Spanish laws are adhered to. There's no obligation to establish a Spanish branch for your U.S. LLC. Regarding the U.S. aspect: You're on point. While there's no...

Hi all - just wanted to provide a small update: I've invested significant time and resources consulting with legal and accounting professionals. The prevailing recommendation has been to establish a standard S.L. in Spain and explore the potential benefits of the Beckham Law and/or the new...

Interesting, never heard of them and no one in the forum ever mentioned them. How did you find them ? How is their process ? do they have a platform where you can see incoming money and can do FX on your own and re-wire the money? or is it all by e-mail with an account manager ?

@JustAnotherNomad, your example vividly illustrates the point about how taxes are often associated with where work is done and decisions are made. And you're absolutely correct that, from a tax perspective, the place of decision-making and value-creation are key factors to determine where a...

Hi, Your scenario seems to bank on the LLC not constituting a permanent establishment (PE) in the US, thus avoiding the creation of a taxable presence. However, even if the LLC is not considered a PE, the US-LLC's income might be attributed to the ETVE under the Spanish Controlled Foreign...

The key point, as previously mentioned, is ensuring sufficient substance in the companies outside of Spain to avoid the characterization of them being managed from within Spain, which could potentially trigger Spanish corporate tax liabilities. The suggestion of operating your business directly...