LLC + US Bank Account for non-US resident/citizen

[PlayYourGame]

Hello everyone,

i'm new here, just read some post , really nice community that provide tons of infos!

Here my request:

I would like to know, if anyone can help me, what kind of informations the banks have when making withdrawals / when paying with a US Company Card in EU countries.

Also, someone can provide me a link of an updated-thread that explain how FACTA works for EU resident?

I still cannot understand whether the exchange of information is automatic on both sides . If so, whats the point in 2020 to own an OF company ( including OF bank account)?



My Best

 

[Clip]

CRS or AEOI is automatic, Facta is not but the tax office of your country can request information if they are suspicious.
Check this list
https://home.treasury.gov/about/offices/tax-policy/foreign-account-tax-compliance-act