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.