Bank/EMI for US LLC with 100% BVI member

[frankx1]

Imagine you have a US LLC which is 100% owned by some BVI offshore company. Zero substance in US or BVI.

The US LLC just invoices clients, gets paid through bank transfer.

Is it hard to get banking / EMIs with this setup? I think real banks may make trouble but EMIs? If you open the account I guess they want to know the UBO which is a natural person who owns 100% of the BVI.

 

[Sols]

Where is the substance?

What does the company do?

Why BVI?

Why US?

 

[Forester]

Where is the substance?

What does the company do?

Why BVI?

Why US?

@Sols 's questions are essential. I am adding
– What is UBO's residence and citizenship?
– What is an expected turnover of the LLC?

Putting this aside, the answers for your three questions are “Yes – In such a case both make troubles – Definitely”

 

[linusAG]

@Sols 's questions are essential. I am adding
– What is UBO's residence and citizenship?
– What is an expected turnover of the LLC?

Putting this aside, the answers for your three questions are “Yes – In such a case both make troubles – Definitely”

I'll add some other questions

Why set up this structure?

What currencies do you need?

 

[JackAlabama]

I'll add some other questions

Why set up this structure?

What currencies do you need?

well having a llc in a holding structure is a common thing if you think about loading the us llc with assets. bc of the 40% smth estate tax in case the ubo dies.