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  1. K

    open an Account in HSBC Germany

    Unless that company has an existing relationship with HSBC or it's a multi-million dollar international company, they will not help him.
  2. K

    open an Account in HSBC Germany

    HSBC does not offer personal or business banking in Germany. Unless you're a large corporate or multinational company, HSBC Germany won't be interested.
  3. K

    Company Structure Setup

    If you're a resident in Sweden, then you might be able to structure something: Entities formed/registered/incorporated outside of Sweden (foreign legal entities) are not considered resident in Sweden for income tax purposes, not even if their place of effective management is situated in Sweden.
  4. K

    Company Structure Setup

    Probably easiest to start out with, where are you based?
  5. K

    How to open USA bank account for offshore company

    Which state was that in? In the absence of a tax treaty - 26 U.S. Code § 881 - Tax on income of foreign corporations not connected with United States business
  6. K

    How to open USA bank account for offshore company

    Which private banks would those be? The bank account is not the relevant factor, it's the fact that you have registered as a foreign business in a state and stated that your "company invests in US assets/securities".
  7. K

    How to open USA bank account for offshore company

    I completely agree with this. There are three things that stand out for me here: 1) There is no treaty protection - so you are at the mercy of the IRS if they believe the company is engaged in a trade or business in the US. 2) By registering this company in a US state, you potentially now...
  8. K

    How to open USA bank account for offshore company

    In one month, you've gone from asking how to open a US bank account for your newly formed BVI business to opening a deposit account and getting an ITIN with all the correct documentation? How is that even remotely possible? To safe us all a lot of time - post the name of the 'big' bank that...
  9. K

    How to open USA bank account for offshore company

    There are too many question marks about what he has written above. As a general guide, US banks will not open an account for a business incorporated outside of the US. There are some exceptions, however these are primarily where you own a business that has an existing banking relationship with...
  10. K

    How to open USA bank account for offshore company

    The IRS does not issue ITINs to every Tom, Dick and Harry. There are two main reasons the IRS issues an ITIN : A non-resident US alien is required to file a tax return (ITIN required on the 1040NR) A non-resident US alien is claiming tax treaty benefits In addition, it's not like you ring the...
  11. K

    How to open USA bank account for offshore company

    How did you get an ITIN if you have no US tax liability?
  12. K

    Transferwise

    EIN/ITIN are just identification numbers, however they put you on the radar. You said that your company is incorporated in the BVI. If your company has business activities in the United States (including virtual), you may be required to file an annual return with the IRS. The absence of a DTT...
  13. K

    Place of Management

    You would have control through a declaration of trust. You would be listed, I believe, as a person of significant control. I don't think there is any way around this.
  14. K

    Transferwise

    This is most likely the reason the account was suspended/closed. I'm surprised the personal account in the US has not been closed also.
  15. K

    Place of Management

    Why not use a nominee director/shareholder service? It would work out a lot cheaper than forming a company in Switzerland (and all the red tape that would go with this).
  16. K

    Place of Management

    You register with HMRC in the UK. Can I ask what the point of this would be though? Why not just register a Ltd company in the UK?
  17. K

    Place of Management

    Some reading material for you: https://www.taxation.co.uk/Articles/2012/10/24/48781/keeping-house http://taxbar.com/wp-content/uploads/2016/01/Thoughts_on_Corporate_Residence_DG.pdf.pdf Corporate residence: a new line in the sand? | Tax Journal
  18. K

    UK citizen Italy resident. Need offshore Co and USD a/c

    If it was as simple as setting up an offshore tax haven to avoid tax, then most companies in the world would be doing this. You essentially want to avoid pay corporation tax in Italy whilst still running the company from Italy. It's not unsurprising that the tax authorities in Italy would have...
  19. K

    newbie questions offshore + bank account (affiliate)

    I am sharing my knowledge, it's just it looks like I am giving answers you don't want to hear. All foreign owners of disregarded LLCs are now legally required to complete form 5472 and an abbreviated annual return. This will identify you, your address, how much has gone in/come out of the LLC...
  20. K

    newbie questions offshore + bank account (affiliate)

    And the IRS? When you file for your EIN or your annual return? Or the banks?

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