Move funds to US LLC to fool main CRS country?

[banafinfodafuggiano]

I am planning to open a US LLC company in Wyoming through a nominee/agent.

I understood that the company can be anonymous to any other tax department outside the US
in countries where the US thinks you are a non-resident.

Can anyone tell me if this set up will work midterm (until a better and more legal solution is found) ?


1) I am a resident of high tax country C
2) I am a citizen of country A, and I have a company business account in country B (Where I was previously a resident).
3) I open a US LLC company in Wyoming and tell to the IRS that I am still a resident of country B)
4) I get paid into my company account from country B, and I move periodically (once every 3 months) funds from my country B company account to the semi-anonymous
US LLC company bank account as a business transfer (loans or Intellectual property payments like Amazon does).

In this way when country B checks the company balance, they can see that the balance on the company based in country B is very little and low.

Country C where I am currently resident-only receive some funds on a monthly basis into a personal account and pay income tax on those funds only.


Does anyone have any advice on this?

 

[CaptK]

You can't keep money in the LLC account it needs to be moved on to‌ safe keeping. The point of the LLC is to act as a pass through account.‍
If you build up a balance and something goes wrong or the bank don't like⁠ it your fucked. I made a similar mistake and 6 years ago BOA froze my⁤ account and made it difficult to get it back. After a lot of lawyer and⁣ accountant fees, I've only just received my funds back.

What you want to do will⁢ work it's just don't use it as pool account. Simply pass it through and deliver︀ it where it's safe.

 

[banafinfodafuggiano]

How is it the LLC business︁ account (Mercury or Transferwise) less safe than if I had a personal account with Transferwise︂ or Revolut?

I'm not talking about using 1 LLC and 1 business account but multiple︃ ones (e.g: 5x LLCs in Wyoming and 5x Mercury or Transferwise business account) to spread︄ the risk and the funds.

 

[CaptK]

Wyoming has no public register so you don't need to worry about using a nominee.‌ Mercury and TW are fine but Mercury could shut you down for not having any‍ US business. As crazy as it sounds but if you look on the forum you⁠ will find a few people who had that problem.

Spreading the risk is a good⁤ option but still have a more solid funds preservation option.