VISA/MASTERCARD don't accept non-resident owned US LLC - need EU UK or Lithuanian LLC
- Thread starter Greenberry
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That’s why you don’t do anything without getting it approved by a CPA.
I don’t see an issue with such a setup per se, but as I mentioned, you’d probably have to meet transfer pricing restrictions etc.
I don’t see an issue with such a setup per se, but as I mentioned, you’d probably have to meet transfer pricing restrictions etc.
No, such things are not uncommon when the value is actually delivered somewhere else.
It’s quite common to have only a local sales company that hardly makes any profit because the services are delivered my the main branch in a different country.
It’s quite common to have only a local sales company that hardly makes any profit because the services are delivered my the main branch in a different country.
UK LLC with a Revolut Business account they offer merchant services.
Shopify and WIX also supply merchant API's as well.
After 3-6 months you can approach one of the large banks in thd UK for merchant services. They want to substantiate your business model. VAT is applicable but any customer outside the UK are exempt and where possible you can claim back most of it anyway.
Shopify and WIX also supply merchant API's as well.
After 3-6 months you can approach one of the large banks in thd UK for merchant services. They want to substantiate your business model. VAT is applicable but any customer outside the UK are exempt and where possible you can claim back most of it anyway.
Yes I found a solution, and very happy with the current setup 🙂
This setup is explained in my post here: [USA] Inc. vs LLC - Is my tax planner trying to fool me ?
Basically you need 2 LLC's, one is taxable and will be used as payment gateway. The 2nd one is transparent and will be used to invoice the 1st to get the money out almost tax free.
This setup is explained in my post here: [USA] Inc. vs LLC - Is my tax planner trying to fool me ?
Basically you need 2 LLC's, one is taxable and will be used as payment gateway. The 2nd one is transparent and will be used to invoice the 1st to get the money out almost tax free.
100% Transfer pricing.
Unless the profit receiver is offshore. Best thing to do is first leave Germany and the set up your tax residency then incorporate using your new Tax ID.
Anything else requires a Nominee and a pass through entity.
You should budget 10K at least for a proper set up.
Unless the profit receiver is offshore. Best thing to do is first leave Germany and the set up your tax residency then incorporate using your new Tax ID.
Anything else requires a Nominee and a pass through entity.
You should budget 10K at least for a proper set up.
I have been using it for services for some years without issues, to me LLCs are better when you don't need to handle credit cards
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