USA Bank account for adult site ?

[devameteur]

Hi all this is my first post,

I'm in the process of opening a new adult content creator platform like OnlyFans, but I just hit the wall with the banking for the company my original idea is to set up the company in the USA and flight there to open the bank account in person but i don't know which of the main banks are OK with adult websites, also the company is not yet open so if anyone knows a better place to open this kind of projects let me know, the USA was the best choice for me since i am near and the LLC would pay 0% taxes since is foreign own

I dont want to do front websites , ETC i want to do it 100% legal

Thanks

 

[Forester]

Welcome to the forum!
For now, just two remarks:
1) The U.S. vs. adult industry: In some / many states this kind of industry is not welcome, even when formally legal. They are open to this e.g. in Nevada and Florida.
2) With a LLC you do not pay state tax in some states; nevertheless, if you are doing a business in the US, you are obliged to pay federal taxes, regardless of where are you resident.

 

[devameteur]

Welcome to the forum!
For now, just two remarks:
1) The U.S. vs. adult industry: In some / many states this kind of industry is not welcome, even when formally legal. They are open to this e.g. in Nevada and Florida.
2) With a LLC you do not pay state tax in some states; nevertheless, if you are doing a business in the US, you are obliged to pay federal taxes, regardless of where are you resident.

Thanks yeah you are right if the income also come from the USA i have to pay federal taxes any idea where should i incorporate this type of business i was thinking Belize or Panama but the banks are a pain

And also some popular payment processors like CCbill only works with USA and EU companies , sadly CCbill only allow USA or EU passports to apply for a merchant account and I'm not either of those

 

[alain]

Many threads for only fans banking here already, they work for your business

OnlyFans friendly bank

Hi! Could you recommend any bank/emi that is friendly to OnlyFans? The account has to be opened for a resident of Paraguay operating via US LLC.

www.offshorecorptalk.com

Setup for Onlyfans/adult income

So I moved to Paraguay last year because of the low taxes, cheap lifestyle and the low commitment to stay in the country. The problem is the banking situation is well… worse than I expected. When I did this I was making less money but now I had been consistently making 35k/40 k a month and I am...

www.offshorecorptalk.com

Onlyfans banking+ best set up for low to no tax

I decided to move to Paraguay for tax reasons and because is cheap and will allow me to save as much as possible. I am ok here but banks sucks and they ask for lot of bs I don’t want to deal with. I had been using Wise for like 2 years but not sure how long it will last until they shut me down...

www.offshorecorptalk.com

 

[Cloudbanck]

Thanks yeah you are right if the income also come from the USA i have to pay federal taxes

Well, you have to pay US federal taxes if you are engaged in a trade or business in the US (ETBUS).
And the definition of ETBUS is that you perform the work in the US, you have a US office or you have employees or dependent agents in the US.

If you do the work from abroad, and have no office/employees in the US, then you don't pay US federal taxes even if some or all of your clients are in the US.