Recent content by SWinja

If I have Russian residency, will old-style US banks open a business account for my US LLC if I would visit them personally? In case of EMI, that's almost impossible.

Of course, they will give your a temporal residence card. This a nonsense if your home country is Russia :) There is almost no SWIFT, most of banks are sanctioned. However, I'd like to know if it's possible within Europe, Spain in my case. I tried to do this in one of the biggest banks, BBVA...

@Vilgelm I'm Russian with EU residence. So I could only open an account for my US LLC only at Wise. Just never show your passport during KYC process. I'm not sure if there is an option to show Georigian residency card to them but they def have an option to upload EU card. Let us know if you will...

Do you mean there are EMIs / classic banks which can open business account for US LLC? Do you have something on mind? Yes, I know, but as US alient and being registered in Delaware, the company has 0% corporate tax. I just pay personal tax in Spain from US LLC income. Any other jurisdictions...

I could open the business account only at Wise but they do not have virtual cards now. Tried to apply at trulyfinancial, TryNovel, Mercury, Brex and couple of others but all my applications were rejected. I believe it's because of Russian passport. At Wise there is an option to submit European...

what bank would you recommend? I'm a little surprised that it's possible because most of Spain banks will Not open business account for small US LLC like the one I have. By opening via POA, I would need to have a trusted person in Montenegro. So I don't have one. Is there online banking in...

I have Russian nationality and EU residency. It was a nightmare to get bank account for my US LLC. Only Wise accepted me. Could you please tell more, what bank I can look to? Do Montenegro banks open accounts for LLCs in other countries (US, in my case)? Can I open them online?

I would use Google Ads account. Would it be possbile to issue invoices for my company, so I would deduct exprenses in taxes?

What do you mean by you pay 20% tax and you're done? Example, your US LLC has revenue 10K, expenses = 4K Your profit = 10 - 4 = 6K So you will have to pay 20% from 6K, right? What you want to achrieve is to increase expenses from 4K to greater value and pay less taxes in the end.

How would it happen, by the way, for whose who did not read this forum? For example, you are running with HK company for a year, decided to pay taxes in Spain and then boom, you will receive a letter from Spanish IRS about admitting you HK company as spain company? If you receive it in 4 years...

Thanks! What if I run US-based LLC in Delaware and it's treated as disregarded entity in US. Would Spainish authorities consider it also as sole proprietorship as well? So no corporate taxes in that case, just personal ones.

I'm Spanish tax residents and own 100% of US LLC in Delaware. It's considered as disregarded entity. It will Not have US-connected income, so it would have 0% taxes. Will I be needed to pay 25% corporate tax in Spain because it would be considered as spanish company? Or, disregarded entities =...

Ok, interesting. Would if it would be incorporated by 3 people, 33% shares to each, 2 people in Spain, 1 is in Czech. 1. What the tax residency would a company have in that case? 2. If I incorporate it as 100% owner, and will not pay dividends to myself, should a HK-company itself still pay...

I have a single-membership LLC in Delaware and the bank account in Wise. It was registered recently for my new business but the business does not produce income to the moment. So for personal reasons I'm thinking to start accept payments from my customers as a web developer freelancer to my LLC...

I'm Spanish tax resident and going to open HK offshore company 100% owned by me. It will have income outside HK-source, so I hope to get 0% taxes for the company. Next, I'm going to issue dividends in HK and send them to Spain bank with purpose of payment "dividends". Some advisors told me to...