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EU company + US LLC for anonymity?

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John Andrews

Entrepreneur
I would like to register a New Mexico LLC which would be 100% owned by my existing EU company.

The LLC would be used to accept payments on behalf of my online business ( Stripe, BitPay and perhaps Paypal). This way if someone googles my EU company they wouldn't be able to figure out what is it that I'm selling and vice versa, if they were to google the US LLC, they wouldn't be able to find out who's behind it.

Finally, for what it's worth, I would get the reputation of USA instead of Eastern Europe, as that's where my EU company is incorporated.

Does this make sense? Is this doable in regards to IRS (will the LLC still have pass through status if its owned by a legal entity)?
 
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Sols

Mentor Group Gold
Under the 5th AML Directive, now transposed and being implemented across the EU, EU member states are required to establish UBO registers. So even if your US LLC would appear as the sole shareholder, you would still appear as the UBO of the structure. It's not entirely clear how each and every UBO register will be designed and to what degree it will be public, but EU regulators are a few years ahead of your plans here, I'm afraid.

Adding a US LLC into an EU structure is going to limit your banking and payment processing options somewhat, since the whole entity goes from zero to full FATCA scope and becomes subject to other US laws.
 

John Andrews

Entrepreneur
Under the 5th AML Directive, now transposed and being implemented across the EU, EU member states are required to establish UBO registers. So even if your US LLC would appear as the sole shareholder, you would still appear as the UBO of the structure. It's not entirely clear how each and every UBO register will be designed and to what degree it will be public, but EU regulators are a few years ahead of your plans here, I'm afraid.
I think you misunderstood my question.

The EU company would own the US LLC, not the other way around. It would be used purely as a HoldCo, while the US LLC would be used to accept payments.
 

Sols

Mentor Group Gold
I did indeed misread. I'm not sure I understand the point of the structure. You'll have the usual problems of non-resident ownership of US LLC (tax resident where you live, limited but not impossible banking options) and a holding company for unclear benefits.

In terms of banking and payment processing, a resident EU company without US involvement is viewed far more favourably than a non-resident US LLC in nearly every circumstance.

As for the IRS, they probably won't have much to say about it. Not really any different between a natural person or a legal person being the single member of a single-member LLC.
 

boomy

Mentor Group Gold
I use it to invest in crypto, rent an office (apartment), pay for all kinds of stuff so I get VAT back every month. It's also where I'm employed.
That can work, actually I do the same. But I'm not under investigation so everything looks to work out well for me :)
 
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