Hong Kong Ltd VS US Ltd VS UK Ltd

[Xshore]

I don't need to move my companies now, but would consider‍ it if the situation was clear and fees not too expensive.

 

[SKULLDUGERY]

Did you open this onshore or offshore?‍

 

[JohnLocke]

how long does the process took? Could‍ a 4 days trip to the US be sufficient ?

 

[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.

 

[banafinfodafuggiano]

N
No Social security number? On a tourist Visa or⁠ business visa to the US?

what documents did they request and is your business a⁤ US LLC?

 

[johndoe11]

Is this a regular business banking account‍ or a merchant account capable of settling card transactions?

 

[benq]

Did you open the account in person?

Xshore said:
No ssn or itin, just ein. BoA wanted an itin or ssn, WF didn't.
Click to expand...

 

[lukey944]

Did you open the account in person?

 

[Xshore]

Yes, I think‌ that's the only way.

 

[brianK]

Why would you open a personal account if you need it for a Delaware company?‌ Isn't the bank going to block your account if you receive business transactions there ?‍

 

[daniels27]

They normally don't block even if you get business transactions.⁠ I think we had numerous reports here from people doing 400k regularly.

But not sure⁤ why you talk about this. I think in most of the cases, the bank wants⁣ to see you in person for a business account. Like, they want to shake hands⁢ with the guy doing business and look into his eyes. The procedure deters at least︀ some criminals.

 

[lory]

exactly, I believe OP⁠ already figured out how to get around all of this since he was back then⁤ mentor group member as far as I can find posts from him inside there. Otherwise⁣ you want to relocate to a low- to no tax country and run your business⁢ from there.