Search results

Antigua bank account will be OK for this type of business. PM for info.

Actually a bank in Dominica will have no issues to open an account for a crypto exchange. PM for more details.

For cash out perhaps metal pay app. You can participate if presale is done in another jurisdiction, but you will be subject to IRS and FBAR reporting. IBC yes you should. Second company maybe. It depends of the objective. If it is for taxes, no. Yes you can, but remember you will be subject to...

We have foreign clients who own LLCs in the USA and whatever the type of product or service they sell or provide, they pay taxes if the income comes from US sources. I know there are attorneys in the internet saying that you do not have to pay taxes because you are not etbus. We disagree. If you...

Nevis company plus Antigua bank account is a good choice for asset protection. PM for more details. Belize is not good because company records are now public.

Yes you can file PPA, but you need an attorney to represent you. PM to give you the contact info of a good one. Yes, you can.

In addition to the formation, the LLC also needs to apply for a tax ID or Employer ID Number with the IRS, required to open a bank account. There is a bank in the US that is accepting LLCs with foreign owners and it is doing it remotely.

If the income that the SMLLC is US source, the owner of the SMLLC will pay taxes and s/he will need to apply for a ITIN o tax number and file taxes. When the SMLLC owner received the payment, the payor will notify the IRS filing a form.

Remember, if the income is US source, it is taxable even though the SMLLC owner is foreign citizen. The party paying to the SMLLC will file a form with the IRS for the amount paid.

Yes, you have to pay taxes if the income is US source. You will need a ITIN number or SSN if you want to open a merchant account.

It will not possible, but you can apply for ITIN number by filing a return and paying some taxes.

Your company filing LLC is not a reportable transaction. You did not pay it to the company LLC.

Delaware is a good option but it will be better if the funds are received in the LLC bank account unless the Spanish account you mentioned to receive funds will be open for the US LLC.

Documents are file at your name, but the company records are not public and your name does not appear there. You also need a EIN for the LLC. PM for more info.

The difference is taxes. If the source of income is US, the interest paid to the foreign company will be tax exempt. PM for more details.

If you expatriate and renounce your residency, the IRS is going to look for the last 6 years of tax records. If there are no tax records the IRS is going to ask why you did not file and will audit you requesting your bank statements for the last 6 years and will calculate your taxes and propose...

Yes, the US Treasury will enforce reporting for all crypto holders to start with. In addition the IRS created a specialized unit to investigate all taxpayers and crypto exchanges and the latter will have to report to the IRS. For now the reporting requirement from the exchanges is USD 20K for...

If the source of your income is not USA and you are a foreigner (not US citizen) and you own a US SMLLC, your income is not ECI. If your SMLLC does any transaction with you such as a loan or distributions you will need to file form 5472.

Let me know when you plan to open the LLCs here in the US and P M if you haver any more questions.

No. FBAR is only required for US citizens.