Wyoming, Delaware or New Mexico, please tell me what's your choice?
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To open a bank account personal- or corporate is almost impossible for foreigners unless you are traveling there (which is obvious not possible at the moment) you need someone to help you there.
Foreigners will not be able to open anything remote! You may have a local bank which is big enough to help you to open an account in New York, but still there are lots of requirements.
Foreigners will not be able to open anything remote! You may have a local bank which is big enough to help you to open an account in New York, but still there are lots of requirements.
So Stripe can︁ be used to invoice people/businesses and payoneer offer a card used to withdraw at ATM?︂
Yeah, well... I was hoping to investigate the possibility of opening an EMI account or something like that. I can see that sdip offers a solution with Stripe and Payoneer.
You have to investigate but I think you have 1 option, use stripe as a payment gateway and link payonner this has a commission cost of approx 5% in total, once you have your money in payonner link your local bank account or withdraw the money with your rechargeable mastercard or you can make purchases with it in any supermarket or store, like an international card. you have to see the issue of the transfer to your local bank account, because it can be a problem for fiscal monitoring
You guys are mixing up a lot of different concepts. Where your customers are located is for the most part irrelevant. I would strongly recommend you to talk to a CPA before forming any sort of company. Get the basics right first.
Well, I have read the following:
'There is no sales tax in Delaware. It doesn't matter if a company's physical location is in the state or not; as a Delaware corporation, no in-state purchases are subject to tax. Additionally, there is no state corporate income tax on goods and services provided by Delaware corporations operating outside of Delaware'.
But I have also read that it depends on the LLC (maybe what kind of︀ product it is selling)... I have read that it can vary from 0 to 9%︁ for corporate income tax. Does anyone know what makes the difference between paying 0% and︂ 9%?
'There is no sales tax in Delaware. It doesn't matter if a company's physical location is in the state or not; as a Delaware corporation, no in-state purchases are subject to tax. Additionally, there is no state corporate income tax on goods and services provided by Delaware corporations operating outside of Delaware'.
But I have also read that it depends on the LLC (maybe what kind of︀ product it is selling)... I have read that it can vary from 0 to 9%︁ for corporate income tax. Does anyone know what makes the difference between paying 0% and︂ 9%?
non-resident foreigners do not pay taxes, yes you have to submit︁ 2 forms from January 1 to March 15, I don't remember well the number of︂ the forms but I think they are 1120 and 5472, if you ask any accountant︃ they will want to charge you about 1500usd but there is a site that charges︄ 200 usd to present both forms, to manage the LLC no matter the state where︅ it is incorporated, no accountant is required, you have to follow these steps.
1st hire︆ registered agent (approx 35 usd per year)
2 ° constitute the LLC in the state︇ of your choice (I recommend new mexico tax 50 usd for one time, no annual︈ renewal is required as is the case of delaware that every June 1 you have︉ to pay 300usd)
3rd between January 1 and March 15 filing of forms 1120 and︊ 5472 (I do not remember exactly the correct form number)
1st hire︆ registered agent (approx 35 usd per year)
2 ° constitute the LLC in the state︇ of your choice (I recommend new mexico tax 50 usd for one time, no annual︈ renewal is required as is the case of delaware that every June 1 you have︉ to pay 300usd)
3rd between January 1 and March 15 filing of forms 1120 and︊ 5472 (I do not remember exactly the correct form number)
Well, on the IRS︄ website, it states:
Only member of LLC is an individual - LLC income and expenses︅ are reported on Form 1040 or 1040-SR, Schedule C, E, or F. If you prefer︆ to file as a corporation, Form 8832 must be submitted.
Only member of the LLC︇ is a corporation, income and expenses are reported on the
corporation’s return, usually Form 1120︈
or Form 1120S.
Most LLCs with more than one member file
a partnership return, Form︉ 1065. If you
would rather file as a corporation, Form
8832 must be submitted. No︊ Form 8832 is needed if filing as a partnership.
So it means you have to︋ report all of your income and expenses but dont pay any taxes if your business︌ is outside the USA, correct?
Only member of LLC is an individual - LLC income and expenses︅ are reported on Form 1040 or 1040-SR, Schedule C, E, or F. If you prefer︆ to file as a corporation, Form 8832 must be submitted.
Only member of the LLC︇ is a corporation, income and expenses are reported on the
corporation’s return, usually Form 1120︈
or Form 1120S.
Most LLCs with more than one member file
a partnership return, Form︉ 1065. If you
would rather file as a corporation, Form
8832 must be submitted. No︊ Form 8832 is needed if filing as a partnership.
So it means you have to︋ report all of your income and expenses but dont pay any taxes if your business︌ is outside the USA, correct?
Personally, I have never submitted these forms, next year will be my first time, but as︂ far as I know there is no need to submit collections and payments, I don't︃ see that this is necessary for a non-resident foreigner who is not going to pay︄ taxes. my LLC is single member,
https://www.muaytax.com/es/shop/form-5472-1120/
It seems that these guys have been revived, because they had the price of 200 usd and now 349 usd, it may still be the cheapest alternative if someone knows of another option it would be good to share it to know it
It seems that these guys have been revived, because they had the price of 200 usd and now 349 usd, it may still be the cheapest alternative if someone knows of another option it would be good to share it to know it
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