Full US LLC setup from Europe

[Yuuup]

Hi, let's say I open an LLC with banking solution in a low tax/tax free state (Delaware, Florida...) and I don't make any transfer or anything to Europe (place where I live). Is it risky? Can I be reported by the US?
I read US doesn't comply with AEOI/CRS (some litigation with the OECD). Is this true?

If it's possible is there a smooth way to spend the money made?

Thanks.

 

[Sols]

US is not a signatory to CRS/AEOI because they already have a similar law called FATCA. While the US has been bad at reciprocating exchange of information under FATCA, it's slowly getting better.

Reporting isn't done by government or company registers. It's done by financial institutions. So if you US LLC banks in another country that has signed up for CRS, then information about you and your company from that bank will end up with the authorities in your home country.

 

[Yuuup]

Thing is I'm resident in Europe but I'm citizen of an african country. So if I setup the entire thing with my african passport and no resident card at all, then the reports would go to my home country? am I safe in that case?

Thanks.