Revolut and Wise Business Accounts for LLCs as non residents

[thaowessuwan]

Hi everyone,

Revolut and Wise Business are European fintech banks that offer accounts for LLCs non residents. I’m curious, do they share account information with the account holder’s country of residence? I’ve seen mixed opinions on this, some say they do, others say they don’t.

Does anyone have concrete information or experience with this? I’m specifically referring to LLC business accounts, not personal accounts

Thanks!

 

[sknomad]

Revolut does not offer accounts fornon resident US LLCs .
Wise does. But requires you to have a real office.

 

[thaowessuwan]

Revolut does not offer accounts fornon resident US LLCs .
Wise does. But requires you to have a real office.

I have both accounts under my LLC and I am not a US resident.

 

[daniels27]

Revolut and Wise Business are European fintech banks that offer accounts for LLCs non residents. I’m curious, do they share account information with the account holder’s country of residence? I’ve seen mixed opinions on this, some say they do, others say they don’t.

You need to assume that they are reporting this in full. Rules differ per country, but even if they do not report today, it is very likely that in the next 5 years, there will be a rule to report which includes all data going back 5 years.

You cannot use it for criminal tax evasion that way. Use your Wise wisely and book a one-way ticket out of your home.