Hello all,
I'm a long time reader & finally decided to sign up.
Ok, here is my situation...
I'm a FX trader (personal, no management). The US FX broker market has cratered from >20 in 2007 to 3 in 2017 due to increased capital requirements. So, I've been trading for years with a few small but reputable offshore brokers that ignore the US regulatory regime and still accept US citizens without reporting. However, I would like to gain access to the larger EU brokers that no longer open accounts with US citizens.
Quite a few EU brokers seem willing to open Corp accounts with US citizen/resident as director & beneficial owner IF banking is also outside the US, preferably in EUR.
Planned usage is receiving/sending wires in USD/EUR 1-2x per month between EU broker, offshore bank & US bank
Here is what I'm specifically looking for...
FATCA compliance reporting to IRS not a concern (I pay IRS)
Business offshore account for BVI IBC w/ US citizen/resident director, UBO & account signatory
Correspondent banking relationships
Direct bank account number
USD/EUR accounts
Online banking in English
Online international wires
debit card
<5K USD initial deposit
<50 USD monthly fee
no personal visit required
Lastly, are any of the EMI providers w/ dedicated IBANs US citizen friendly? Once again, FATCA reporting is not a concern.
Thanks!
I'm a long time reader & finally decided to sign up.
Ok, here is my situation...
I'm a FX trader (personal, no management). The US FX broker market has cratered from >20 in 2007 to 3 in 2017 due to increased capital requirements. So, I've been trading for years with a few small but reputable offshore brokers that ignore the US regulatory regime and still accept US citizens without reporting. However, I would like to gain access to the larger EU brokers that no longer open accounts with US citizens.
Quite a few EU brokers seem willing to open Corp accounts with US citizen/resident as director & beneficial owner IF banking is also outside the US, preferably in EUR.
Planned usage is receiving/sending wires in USD/EUR 1-2x per month between EU broker, offshore bank & US bank
Here is what I'm specifically looking for...
FATCA compliance reporting to IRS not a concern (I pay IRS)
Business offshore account for BVI IBC w/ US citizen/resident director, UBO & account signatory
Correspondent banking relationships
Direct bank account number
USD/EUR accounts
Online banking in English
Online international wires
debit card
<5K USD initial deposit
<50 USD monthly fee
no personal visit required
Lastly, are any of the EMI providers w/ dedicated IBANs US citizen friendly? Once again, FATCA reporting is not a concern.
Thanks!