Hong Kong Ltd VS US Ltd VS UK Ltd

[Xshore]

@Xshore are you actually also looking for such a setup for your own purpose?

I don't need to move my companies now, but would consider it if the situation was clear and fees not too expensive.

 

[SKULLDUGERY]

Yes, I've opened a Delaware corporate Wells Fargo account personally, as a non-US resident, in the last year.

Did you open this onshore or offshore?

 

[JohnLocke]

Yes, I've opened a Delaware corporate Wells Fargo account personally, as a non-US resident, in the last year.

how long does the process took? Could a 4 days trip to the US be sufficient ?

 

[tomboy]

how long does the process took? Could a 4 days trip to the US be sufficient ?

I believe so, yes.
You should book an appointment before, make sure you have all necessary documents and I believe they would open the account on the spot for you.

 

[banafinfodafuggiano]

N

I believe so, yes.
You should book an appointment before, make sure you have all necessary documents and I believe they would open the account on the spot for you.

No Social security number? On a tourist Visa or business visa to the US?

what documents did they request and is your business a US LLC?

 

[johndoe11]

Yes, I've opened a Delaware corporate Wells Fargo account personally, as a non-US resident, in the last year.

Is this a regular business banking account or a merchant account capable of settling card transactions?

 

[lukey944]

Did you open the account in person?

No ssn or itin, just ein. BoA wanted an itin or ssn, WF didn't.

 

[Xshore]

Did you open the account in person?

Yes, I think that's the only way.

 

[brianK]

Why would you open a personal account if you need it for a Delaware company? Isn't the bank going to block your account if you receive business transactions there ?

 

[daniels27]

Why would you open a personal account if you need it for a Delaware company? Isn't the bank going to block your account if you receive business transactions there ?

They normally don't block even if you get business transactions. I think we had numerous reports here from people doing 400k regularly.

But not sure why you talk about this. I think in most of the cases, the bank wants to see you in person for a business account. Like, they want to shake hands with the guy doing business and look into his eyes. The procedure deters at least some criminals.

 

[lory]

I wouldn't say there are ZERO banking opportunities for non residents, especially with US LLC.

The point here is you overlooked to tell who will be running the business and where will you be tax resident.

exactly, I believe OP already figured out how to get around all of this since he was back then mentor group member as far as I can find posts from him inside there. Otherwise you want to relocate to a low- to no tax country and run your business from there.