Questions regarding Delaware LLC

[Zaki]

2. Open Transferwise Borderless account

Open TW with LLC's info or personal info?

 

[Clip]

Open TW with LLC's info or personal info?

With the LLC info, try to get also the EIN number

 

[tacokai]

With the LLC info, try to get also the EIN number

Why would you need the EIN number ?

 

[tomboy]

Why would you need the EIN number ?

it is mandatory to get an EIN nowadays.
'The new regulations now generally require foreign-owned single-member LLCs to obtain a U.S. employer identification number (EIN) and annually file a pro forma Form 1120 corporate income tax return together with Form 5472 identifying each 25% or greater direct and ultimate indirect foreign owner.'

 

[LoveMyLife]

1- YES
2- Few hundred USD
3- Not in US. But yes in country where you are a tax resident.
4- There are 3 banks which allows it, now.
5- You can open bank account in any state.
6- No. The most of US banks will not allow you to send money to Lebanon. But you can use some EMI as a "middle man"

My question is: Why USA?

Let calculate:

Someone in the Africa sends you a payment ti the USA. Wire transfer costs - 2 %, currency conversion from foreign currency 2-3 %, wiring money back to the Lebanon - 2 %, currency conversion to the foreign currency 2-3 %. Just total costs on money wiring is 2-10 %.

Wy you do not incorporate offshore company in Lebanon?