What about company taxes in NM? I understood there are two kind: NM income corporate and federal, am I wrong?Hi @grey734 seen your message in my status, answering here.
This is a very short step-by-step to have a LLC with a working bank account.
First premise: I hold a EU passport, so I can’t guarantee it could work with other passports.
1) Got your New Mexico single member LLC (I use NEW MEXICO REGISTERED AGENT | $35 A YEAR cheap and reliable, very good service).
2) Rent a US number (I use Localphone.com, look for a number of NM)
3) you need a fax number (I use redfax.com like for the phone number pick a NM number)
4) Office: I use the office of a friend so I cannot help you very much here, but you NEED a REAL address (no PO Box)! You can eventually get a Regus office, take it for three months till you receive the debt card, or if you have some friend in the US use his/her address (can be a home address as well, no problem with that), or share the address with a fella that need a LLC or an address in the US.
5) web page: make a very credible business case, go to Fiverr and spend 300/350 for a good landing page with good graphic (chose web page designer with at least 20 reviews and from 4.8 to 5.0 stars, usually Indian or Pakistan devs are the best and relatively cheap, have a look at their portfolio and before even contacting them have ALL your texts ready for the page, including Business, How it works, What Customers Say, About Us, Contact). Very important a good About Us (put your LinkedIn link) and Contact pages with your office address (no the registrar address), phone and fax. It must look VERY professional, plan it in advance or ask for help in Fiverr, it will be your business card with the banks!
6) go to Brex and/or Mercury pages and answer PROFESIONALLY to all the questions related to your business filling the fields in perfect English; if asked why you incorporated in the US is because you have customer and/or providers in the US (they want to see some “substance” in the US).
Hope it will help you.
What about company taxes in NM? I understood there are two kind: NM income corporate and federal, am I wrong?
I will be the sole proprietorship and all business will run only with european companies. Nothing locally in US. LLC has no employees. I am not US citizen/resident.
And about dividends? how are they taxed in NM?
There are no "dividends" in LLC, only distribution of profits. But it also depends on your host country would categorize it.Nature of business is technology services and consulting.
I pay myself through dividends.
you can open an account online with traditional banks providing you are already a customer of their's with a personal accountThis includes all the filling costs. I opened several LLC with them, they are good prices and a simple dashboard to manage your data. Anyway you can go throughout any other registrars, you can find hundreds in Google.
Remotely? Because in place almost EVERY US bank open to foreign citizens…
Are you sure? At least with Bank of America and Wells Fargo I am sure it is not possible…you can open an account online with traditional banks providing you are already a customer of their's with a personal account
Please can you tell us the name of the bank?there is a bank in Miami willing to open account for foreign citizens with US LLCs.
they are one of the biggest banks in the US, wonder why it isn't possibleAre you sure? At least with Bank of America and Wells Fargo I am sure it is not possible…
Can you please tell me which bank? And if it allow remote account opening?there is a bank in Miami willing to open account for foreign citizens with US LLCs.
‘Coz they are walk-in banks, they do not open account remotely, unless some shady procedure like power of attorney which I do not recommend at all.they are one of the biggest banks in the US, wonder why it isn't possible
I am back to you after a while. How can I contact privately?Hi @grey734 seen your message in my status, answering here.
This is a very short step-by-step to have a LLC with a working bank account.
First premise: I hold a EU passport, so I can’t guarantee it could work with other passports.
1) Got your New Mexico single member LLC (I use NEW MEXICO REGISTERED AGENT | $35 A YEAR cheap and reliable, very good service).
2) Rent a US number (I use Localphone.com, look for a number of NM)
3) you need a fax number (I use redfax.com like for the phone number pick a NM number)
4) Office: I use the office of a friend so I cannot help you very much here, but you NEED a REAL address (no PO Box)! You can eventually get a Regus office, take it for three months till you receive the debt card, or if you have some friend in the US use his/her address (can be a home address as well, no problem with that), or share the address with a fella that need a LLC or an address in the US.
5) web page: make a very credible business case, go to Fiverr and spend 300/350 for a good landing page with good graphic (chose web page designer with at least 20 reviews and from 4.8 to 5.0 stars, usually Indian or Pakistan devs are the best and relatively cheap, have a look at their portfolio and before even contacting them have ALL your texts ready for the page, including Business, How it works, What Customers Say, About Us, Contact). Very important a good About Us (put your LinkedIn link) and Contact pages with your office address (no the registrar address), phone and fax. It must look VERY professional, plan it in advance or ask for help in Fiverr, it will be your business card with the banks!
6) go to Brex and/or Mercury pages and answer PROFESIONALLY to all the questions related to your business filling the fields in perfect English; if asked why you incorporated in the US is because you have customer and/or providers in the US (they want to see some “substance” in the US).
Hope it will help you.
bOA doesn't open anymore when the director is not US resident.. country policy, not state by state approachYes. Remote opening for neo-banks and even banks like Bank of America and Chase is possible
You will need to have a sort of proof address that the address is the address of the company. Anonymity is pierced the moment you apply for a Bank Account, as you are the UBO of the company. But of course, this information is not going to be public.
@EuroKiss: I have similar doubts. Following your instructions I am making a company website for opening bank account. I do not want to report my name in the web. Is it a problem for the bank? Do they want to see the team including myself? Can I omit this information in the website, what consequences are for the bank to open the account?Glad you liked.
1) tbh it help a lot with Brex, but the first Web page I had was w/o putting my personal information and worked fine with Mercury. If you hold EU passport I think you can put more generic info.
2) yes, no problem at all, I have a NM LLC and my office is located in Florida!
Yes, that’s the communication way from the IRS and it is mandatory for them. You receive the EIN number and any other information from the IRS both via snail mail and fax, but since the USPS works like a 3rd world postal service - and now works just for electoral frauds- is always better to receive them via fax.
If you can fly to the USA you can open an account in any bank, the solution provided above is if you cannot travel for any reason (for a while, due to covid restrictions, even with EU passport you couldn’t enter into US with the ESTA visa).
I incorporated a company in Wyoming but for all business activities I will use a real address in California as reported in my company website too. To open bank account I need to have a phone and fax number as you stated. Better to rent phone and fax number in California or Wyoming where company is incorporated?Hi @grey734 seen your message in my status, answering here.
This is a very short step-by-step to have a LLC with a working bank account.
First premise: I hold a EU passport, so I can’t guarantee it could work with other passports.
1) Got your New Mexico single member LLC (I use NEW MEXICO REGISTERED AGENT | $35 A YEAR cheap and reliable, very good service).
2) Rent a US number (I use Localphone.com, look for a number of NM)
3) you need a fax number (I use redfax.com like for the phone number pick a NM number)
4) Office: I use the office of a friend so I cannot help you very much here, but you NEED a REAL address (no PO Box)! You can eventually get a Regus office, take it for three months till you receive the debt card, or if you have some friend in the US use his/her address (can be a home address as well, no problem with that), or share the address with a fella that need a LLC or an address in the US.
5) web page: make a very credible business case, go to Fiverr and spend 300/350 for a good landing page with good graphic (chose web page designer with at least 20 reviews and from 4.8 to 5.0 stars, usually Indian or Pakistan devs are the best and relatively cheap, have a look at their portfolio and before even contacting them have ALL your texts ready for the page, including Business, How it works, What Customers Say, About Us, Contact). Very important a good About Us (put your LinkedIn link) and Contact pages with your office address (no the registrar address), phone and fax. It must look VERY professional, plan it in advance or ask for help in Fiverr, it will be your business card with the banks!
6) go to Brex and/or Mercury pages and answer PROFESIONALLY to all the questions related to your business filling the fields in perfect English; if asked why you incorporated in the US is because you have customer and/or providers in the US (they want to see some “substance” in the US).
Hope it will help you.
Better in Wyoming since it is the incorporation state.I incorporated a company in Wyoming but for all business activities I will use a real address in California as reported in my company website too. To open bank account I need to have a phone and fax number as you stated. Better to rent phone and fax number in California or Wyoming where company is incorporated?
What are the tax implications for a non us resident if he has clients in the U.S though?Hi @grey734 seen your message in my status, answering here.
This is a very short step-by-step to have a LLC with a working bank account.
First premise: I hold a EU passport, so I can’t guarantee it could work with other passports.
1) Got your New Mexico single member LLC (I use NEW MEXICO REGISTERED AGENT | $35 A YEAR cheap and reliable, very good service).
2) Rent a US number (I use Localphone.com, look for a number of NM)
3) you need a fax number (I use redfax.com like for the phone number pick a NM number)
4) Office: I use the office of a friend so I cannot help you very much here, but you NEED a REAL address (no PO Box)! You can eventually get a Regus office, take it for three months till you receive the debt card, or if you have some friend in the US use his/her address (can be a home address as well, no problem with that), or share the address with a fella that need a LLC or an address in the US.
5) web page: make a very credible business case, go to Fiverr and spend 300/350 for a good landing page with good graphic (chose web page designer with at least 20 reviews and from 4.8 to 5.0 stars, usually Indian or Pakistan devs are the best and relatively cheap, have a look at their portfolio and before even contacting them have ALL your texts ready for the page, including Business, How it works, What Customers Say, About Us, Contact). Very important a good About Us (put your LinkedIn link) and Contact pages with your office address (no the registrar address), phone and fax. It must look VERY professional, plan it in advance or ask for help in Fiverr, it will be your business card with the banks!
6) go to Brex and/or Mercury pages and answer PROFESIONALLY to all the questions related to your business filling the fields in perfect English; if asked why you incorporated in the US is because you have customer and/or providers in the US (they want to see some “substance” in the US).
Hope it will help you.
What are the advantages of NM vs WY?Hi @grey734 seen your message in my status, answering here.
This is a very short step-by-step to have a LLC with a working bank account.
First premise: I hold a EU passport, so I can’t guarantee it could work with other passports.
1) Got your New Mexico single member LLC (I use NEW MEXICO REGISTERED AGENT | $35 A YEAR cheap and reliable, very good service).
2) Rent a US number (I use Localphone.com, look for a number of NM)
3) you need a fax number (I use redfax.com like for the phone number pick a NM number)
4) Office: I use the office of a friend so I cannot help you very much here, but you NEED a REAL address (no PO Box)! You can eventually get a Regus office, take it for three months till you receive the debt card, or if you have some friend in the US use his/her address (can be a home address as well, no problem with that), or share the address with a fella that need a LLC or an address in the US.
5) web page: make a very credible business case, go to Fiverr and spend 300/350 for a good landing page with good graphic (chose web page designer with at least 20 reviews and from 4.8 to 5.0 stars, usually Indian or Pakistan devs are the best and relatively cheap, have a look at their portfolio and before even contacting them have ALL your texts ready for the page, including Business, How it works, What Customers Say, About Us, Contact). Very important a good About Us (put your LinkedIn link) and Contact pages with your office address (no the registrar address), phone and fax. It must look VERY professional, plan it in advance or ask for help in Fiverr, it will be your business card with the banks!
6) go to Brex and/or Mercury pages and answer PROFESIONALLY to all the questions related to your business filling the fields in perfect English; if asked why you incorporated in the US is because you have customer and/or providers in the US (they want to see some “substance” in the US).
Hope it will help you.
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