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Do these kind of institutes accept LCs?

Can anyone give some advice on opening a US business account for a US (Wyoming) registered LLC as a non resident, I am British. I need an actual bank not an EMI as I need to receive and issue LCs, but am I right in assuming it will be next to impossible to open the account without being there...

I got the public post on my profile it wont let me reply directly there, there I will send another post on your profile. I received the message on my public profile but I cannot reply there, I wrote a message on your profile with my email address if you could contact me there would be much...

I am resident in Panama so it seemed like the best option. If I can get a Panama bank account opened then it wont be a problem but that is a major headache, the problem with EMIs is they dont accept or issue LCs. Maybe you are right but at this point anywhere tax-free is frowned upon by banks...

I wrote a message on your profile. I am not sure how to send pms on ths forum, maybe I dont have permission? Can you try to send me one.

Done, please let me know, having a nightmare finding one.

This is exactly what I am starting to realise. Any advice on the best EMIs for my situation? Wise unfortunately doesnt accept Panama companies anymore.

I need to open a Euro bank acocunt for my Panamanian company. I am a UK citizen with Panamanian residency. Panama banks are a bit of a headache to deal with, especially considering all business operations will be outside of Panama. Anyone have any advice about the best/easiest country to open an...

I know this is an old thread but I have a very similar problem. Panama banks are a nightmare to deal with for a new company with no track record. Most of my business will be done in Europe and Brazil. Anyone have the best way to just get a European bank account or iban so I can accept payments...

Thanks for the input, that is actually something I am looking at as the sales tax in certain US states is small or non existent. As for Panama, I actually lived there for 6 months in 2010. I have some very good contacts there and plan to focus on central/south America investments.

Fully understand that. Corporate tax has been paid, just don't want to pay out from the Spanish company and get stuck with income tax, want to move it over to a US LLC to reinvest in South American real estate. Have a few different ideas how to do it, but likely will buy a small property in a...

I am in the middle of getting Panamanian residency, coronavirus basically stopped that. But will have it in place by the end of the year.

Thats the route I have taken. Only certain states in the US have low/no taxes, mainly people use Delaware, Wyoming or Nevada.

Thanks again. Leaning more towards the Georgia idea or maybe a mix of both. Could you PM the bank names in Georgia?

@zsars With a quick google search, seems real estate prices in Tbilisi are pretty reasonable, so this could be an option but may be overkill? As I'm only looking to move between 500k and 800k. Essentially what would be the quickest, safest way to move the money from the Spanish company account...

Really excellent stuff, ton of solid information here, much appreciated xzars. I am currently trying to figure out a way to move funds out of an EU company at the moment and this has helped a lot. For the proxy residency, why could I not just use my country of birth in the same way? I am a UK...

I am in a very similar boat, in that I have money locked up in a EU company that I want to move out of the EU, all taxes and debts are paid. I simply want to get the money out of the EU so I can invest it in property and will have Panamanian residency to avoid personal income tax on anything I...

I haven't received said e-mail?

haha fair enough, I thought it was going to be more complicated than that. What if I was to create a few different companies and do loans and investments into them so that its not all going to one place?

I don't actually own the first company, but I am in control of it. Shares are held by family members. Even if I did though, why couldn't I just do an unsecured interest-free loan with no repayment plan? The company has paid all its corporate tax, surely it can do whatever it wants with what is...