Delaware / Wyoming company formation; taxes; CRS

[Eastoe]

If I am correct, with USA not being part of CRS, any non-US citizen can set up a company in Delaware or Wyoming then open business and personal bank accounts in US and not be subject to reporting via CRS.
Has anyone done this and can they advise which is best Delaware or Wyoming?
Also what level of corporation or state tax is there on the company earnings?

 

[kocali]

I make a lot search. I set up a company with Harvard Business Service but they dont open business bank account I work different company they open it. They also open company for you

For harvard : [email protected] For business bank account : [email protected] ( Turkish but speak english)

 

[Internationaloff]

If I am correct, with USA not being part of CRS, any non-US citizen can set up a company in Delaware or Wyoming then open business and personal bank accounts in US and not be subject to reporting via CRS.
Has anyone done this and can they advise which is best Delaware or Wyoming?
Also what level of corporation or state tax is there on the company earnings?

Delaware is better than Wyoming, but the choice depends on your business.
USA are under FATCA and not CRS, but don't forget IGA (intergovernmental agreement) between USA and your jurisdiction (UBO).
The intergovernmental agreement (IGA) is very important. Only FATCA is not enough!
There are several types of intergovernmental agreements (IGA):
- Reciprocal Model 1A Agreement, Preexisting TIEA or DTC;
- Nonreciprocal Model 1B Agreement, Preexisting TIEA or DTC;
- Nonreciprocal Model 1B Agreement, No TIEA or DTC;
- Model 2 Agreement, Preexisting TIEA or DTC;
- Model 2 Agreement, No TIEA or DTC.
If there was a TIEA or DTC signed with the USA before FATCA, the intergovernmental agreement (IGA) will be "Reciprocal".

Read: Foreign Account Tax Compliance Act (FATCA)

 

[Samuel Newman]

I had an experience with a really good accountant in US
she now how to pay as less taxes as legally possible and she may open bank account for you without your personal presence
Delaware is better because of completely closed register and it has no state tax

 

[happyjohn]

I make a lot search. I set up a company with Harvard Business Service but they dont open business bank account I work different company they open it. They also open company for you

For harvard : [email protected] For business bank account : [email protected] ( Turkish but speak english)

is this allowed now a days at OCT ?

 

[kocali]

is this allowed now a days at OCT ?

Yes, they open the account. You will sign the papers. If you give ERATR code, I will also get 100 USD comission and you will get 100 USD discount.

 

[happyjohn]

Wonder if some took advantage of this outstanding service