Question EASY bank in USA

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369

Entrepreneur
Can someone recommend me an easy bank for company (outside US) use located in the US and considered solid/safe .
Trying to switch my billing process from an EU bank to a more safer US bank to have no problems during a banking crisis
 

MiltonStone

Corporate Services
Mentor Group Gold
Try with Mercury Bank, they have been discussed here many times already
 

369

Entrepreneur
the banks i contacted seems to not have personal international accounts even the us broker i use for a decade declined me
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
Ok so essentially no employees but you could still receive $$ from US companies without triggering US taxes, right?

Are there any filing requirements with IRS?
You need to seek proper qualified legal/tax advice in the US. Don’t mess around with the IRS.
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
Aren't you qualified enough to talk about your experience?
I am not qualified to give tax or legal advice.
Every situation is different. In my case, I don’t have employees/offices/storage in the US. I only have one business partner who pays royalties/commissions. Those payments are subject to the DTA between the US and the other country.
 

Zax Associates

New member
There is at a U.S. bank (we work with them a lot) that will open business account for a non-US business entity.

Citibank, Chase, Wells Fargo will only will only open an account for a a U.S. entity but it could be owned or controlled by a non-resident.
Qualifying/registering a foreign company in the U.S. won't do it for these banks.

Generally, registering a foreign company in the U.S. (in some states it is referred to as receiving Authority to Transact, in others receive Foreign Qualification, etc.) is tricky from the taxation point of view. Such US presnce may well be regarded by the IRS as a branch of a foreign corporation.

Lastly, if you are looking for a personal account a number of banks will open one for you as a non-resident.
 

Zax Associates

New member
In this case are there any requirements?

The standard documents requested are:
Completed questionnaire plus:

For the entity:
- Company formation documents
- Company tax ID (EIN)
Note: if the US company is owned by another company (US or foreign), trust, etc. you'd need to provide company documents and proof of ownership for each entity in the chain until the ultimate beneficial owner

For the beneficiary:
- Passport
- Secondary ID such as National ID card, driver's license, US Visa
- Proof of address; preferably in the form of recent utility bill
- US SSN or ITIN - ONLY IF YOU HAVE ONE.


In addition to the above, Chase, Wells Fargo, Bank of America require proof of a U.S. address for both company and the owner/signer. You can use the same address if company is home-based .
business.

Lastly, you will need to visit a branch in person.
 
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