Recent content by joeak

Because sometimes the local banks would ask for proof of income. Since I'm not registered in Egypt, I'd then have to share the US LLC details. As I currently understand it, the local banks ask for proof of income for anti-money laundering purposes and not for tax purposes. Egyptian banks are...

I think that clears it up a little better. Thanks!

Interesting. Well my banking rep said that even if I'm not a US person, once I show up with US LLC papers as income proof at my local bank, that automatically triggers form W9 and other FATCA related ones I guess. Would filling those forms lead to any tax exposure in the US if I'm not a US...

In Egypt, if you go to any bank to create an account they always ask if you have US residency/citizenship and they make you fill in extra forms if you do, so I guess they at least SEND data back to the US, but does that mean they also receive it? Is it a two-way street by default?

@JustAnotherNomad In Egypt, if you go to any bank to create an account they always ask if you have US residency/citizenship and they make you fill in extra forms if you do, so I guess they at least SEND data back to the US, but does that mean they also receive it?

Egypt, residence and home.

Thanks for the clarification. If it's only the IRS' eyes, I don't think it's a big deal. The problem is, if they serve you up by sending the data directly to local tax authorities, that won't be very good. There's nothing in the local tax law that clearly and 100% without a shadow of doubt says...

I don’t think I’ll be taxed in the US as I have no nexus there (as far as I understand). I have no employees, no warehouses, nothing except clients. The service is conducted from my home country.

Hey everyone, First post here. I almost pulled the trigger on registering a Wyoming LLC. I'm a non-US citizen operating an online digital marketing business, mainly serving US-based clients but residing in the middle east. Wyoming seemed perfect to open a bank account, use stripe, and have some...