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VISA/MASTERCARD don't accept non-resident owned US LLC - need EU UK or Lithuanian LLC
- Thread starter Greenberry
- Start date
That’s why you don’t do anything without getting it approved by a CPA.
I don’t see an issue with such a setup per se, but as I mentioned, you’d probably have to meet transfer pricing restrictions etc.
I don’t see an issue with such a setup per se, but as I mentioned, you’d probably have to meet transfer pricing restrictions etc.
The very fact that your scheme allows you to dodge full US corporate tax by abusing their disregarded entity might cause some shitstorm and lots of fines. But yeah, you need to get approval from CPA first
No, such things are not uncommon when the value is actually delivered somewhere else.
It’s quite common to have only a local sales company that hardly makes any profit because the services are delivered my the main branch in a different country.
It’s quite common to have only a local sales company that hardly makes any profit because the services are delivered my the main branch in a different country.
UK LLC with a Revolut Business account they offer merchant services.
Shopify and WIX also supply merchant API's as well.
After 3-6 months you can approach one of the large banks in thd UK for merchant services. They want to substantiate your business model. VAT is applicable but any customer outside the UK are exempt and where possible you can claim back most of it anyway.
Shopify and WIX also supply merchant API's as well.
After 3-6 months you can approach one of the large banks in thd UK for merchant services. They want to substantiate your business model. VAT is applicable but any customer outside the UK are exempt and where possible you can claim back most of it anyway.
Yes I found a solution, and very happy with the current setup
This setup is explained in my post here: [USA] Inc. vs LLC - Is my tax planner trying to fool me ?
Basically you need 2 LLC's, one is taxable and will be used as payment gateway. The 2nd one is transparent and will be used to invoice the 1st to get the money out almost tax free.
Yes I found a solution, and very happy with the current setup
This setup is explained in my post here: [USA] Inc. vs LLC - Is my tax planner trying to fool me ?
Basically you need 2 LLC's, one is taxable and will be used as payment gateway. The 2nd one is transparent and will be used to invoice the 1st to get the money out almost tax free.
No issues with transfer pricing?
100% Transfer pricing.
Unless the profit receiver is offshore. Best thing to do is first leave Germany and the set up your tax residency then incorporate using your new Tax ID.
Anything else requires a Nominee and a pass through entity.
You should budget 10K at least for a proper set up.
Are you sure they won't accept a US LLC - say Wyoming or Delaware company? What aboyt RBS WorldPay don't they accept neither?
There must be payment service providers that can do the processing, have you tried instabill?
I have been using it for services for some years without issues, to me LLCs are better when you don't need to handle credit cards
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