Payoneer for a LLC in USA

[Btraveler]

Hello there guys,

I have an LLC established in Wyoming with me, EU citizen, as a sole owner. At this point, I assume it converts the company as "Disregarded Entity" and so I don't have to pay taxes for all money earned outside USA.

I've applied for a new account at Payoneer. At this point, Payooner will report to my EU country that I'm the UBO of the company, or not?

My alternative is to open an account at some online bank in USA for my LLC. If the bank account of the LLC is into a buiness bank account, it won't be reported to my EU country that I'm the UBO of that bank account for the company? Someone has told me that USA don't exchange information with EU contries automaticlly (unlike the CRS program, which it does). USA will only exchange info in case of court investigation.

Are both right that situations or none of them?

Many thanks in advance and congrats again for this great forum!

 

[AMD]

Btraveler said:
I've applied for a new account at Payoneer. At this point, Payooner will report to my EU country that I'm the UBO of the company, or not?
Click to expand...

you better do otherwise the IRS will report it. There is a thread on this forum For best privacy and no CRS - Wyoming LLC or Georgia Ltd? you want to read. All is good and private until the company has to report tax, at this point you will have to provide passport and utility bill which will be used against you. So better report what you earned but didn't paid tax in the USA from or face trouble.