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Hi

I’m Not a US resident - I have a single member LLC in Florida with an account at the Citibank and works perfect

Now I’m interested to open with them a merchant account in order to charge my American clients with credit card

the question is / will I have to pay taxes for this.??? I do not have operations in the states or office /employees there

thks
 

Piano

Entrepreneur
Hi

I’m Not a US resident - I have a single member LLC in Florida with an account at the Citibank and works perfect

Now I’m interested to open with them a merchant account in order to charge my American clients with credit card

the question is / will I have to pay taxes for this.??? I do not have operations in the states or office /employees there

thks
You had to travel to the USA to get that Citibank account ?
 

spacely

New member
I just randomly bumped into the article online, which states that by being a single-member LLC you simply transfer the funds from the company to your personal account and do not need to pay any taxes. Is this true? Probably applicable to US only
 

OffshoreDurian

New member
True with some conditions. For example you can’t be a US resident or hire people in the US who work exclusively for you to further your business.

You or your LLC might still be liable to pay taxes in your home country, or in the US if you don’t meet all conditions.
 

spacely

New member
True with some conditions. For example you can’t be a US resident or hire people in the US who work exclusively for you to further your business.

You or your LLC might still be liable to pay taxes in your home country, or in the US if you don’t meet all conditions.
hmmm, I thought otherwise because the post seems to be clearly for the US citizens and residents. (it is quite basic, I was googling for the basic stuff)


and you tell here completely different thing. So I am EU citizen and can have an LLC in the USA and freely transfer the profit from the company to my personal account? Aspect with hiring seems logical but not with being non-US citizen
 

guilleiguaran

Mentor Group Gold
This might be useful if you are reading about the basics: Flow-Through Entities: What You Need to Know

US residents pay taxes as individuals for the income they receive from their LLCs, since you aren't a US resident you won't be liable for paying taxes in the US but you still need to pay taxes for the income in your home country.
 
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James2774

Mentor Group Gold
You will not pay any US corporate (LLC are not axed as entities) nor income tax(if you are not a US citizen or resident you are not subject to income tax)
You MAY be liable for sales tax ONLY IF you have nexus in a state, and if so, only to sales made to residents in that state.
No employees/warehouses etc innthe US then you won’t pay any taxes.
You will have to pay the yearly state fee for the LLC (it’s small) and file a report but that’a nothing.

As far as taxes for your home country? Yes you’re liable, or you’re not, that’s up to you and your dealings and country.
 

fshore

Entrepreneur
You probably will not be able to get merchant processing through citibank, as all us processing requires a US resident in the account.
Taxes shouldn't change, however they would send a 1099-K to irs so you'd be on their radar.
 
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