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Recent content by umair
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U
How can I own an offshore business in a tax heaven as a minor? I’m 16.
Ok, I'll be applying for an EIN. However, TransferWise just rejected our account opening, saying that I can not have any control of the business account since I am not 18 years of age yet. Only my business partner can have access to that account. Even though I completely trust my partner, we...- umair
- Post #12
- Forum: Offshore Company
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U
How can I own an offshore business in a tax heaven as a minor? I’m 16.
I currently do not have an EIN, so I contacted TransferWise two days ago and they asked me to enter 11111111 instead of the EIN number to activate the account. However, this might lead them to asking me for additional documents as proof that the business is actually registered. As you...- umair
- Post #10
- Forum: Offshore Company
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U
How can I own an offshore business in a tax heaven as a minor? I’m 16.
Thank you everyone for your recommendations and help. I have now registered my business in Wyoming, a LLC. I was allowed to be an LLC member at the age of 16 and the process was very simple and swift. Opening an LLC in Delaware, New Mexico and Nevada is also very simple; they all allow minors to...- umair
- Post #8
- Forum: Offshore Company
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U
How can I own an offshore business in a tax heaven as a minor? I’m 16.
Hey guys! Im looking to start a small business with a friend who is well over the age of 18. He’ll be my business partner. However, I’m only 16 and I want to legally be part of this company and be able to make decisions as the idea and capital is all mine. Please guide me on how this is...- umair
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- Replies: 11
- Forum: Offshore Company