Revolut and Wise Business Accounts for LLCs as non residents

thaowessuwan

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Apr 16, 2024
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#1
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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!
 
#4
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.
 
#5
thaowessuwan said:
I have both accounts under my LLC and I am not a US resident.
Click to expand...

thaowessuwan said:
I have both accounts under my LLC and I am not a US resident.
Click to expand...
If you have US SSN from the past and US residenrial address with US address, Revolut accepts this and does not check if you really live in the USA.

Wiss will open account with almost any address. That is not an issue. Provldm is that they will require proof of US address after some time.
 
#6
Where did you find anything about rax evasion in this post?
 
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