Need EU IBAN for US company - Wise & Nominees?

[cer955]

Hello everyone,
I own a US LLC and living in UAE.
I had a Wise Business account for this LLC but now it got closed, I think because they don't like my residency (I am the manager in the LLC).

Would setting up a new US LLC with a local nominee solve the problem?
Doesn't Wise ask for UBO?

Thanks

 

[bonox]

Doesn't Wise ask for UBO?

yes they do.

You will need to have full nominee service in place if you want to have a Wise account for your US LLC.

 

[Alexmorgan]

Hello everyone,
I own a US LLC and living in UAE.
I had a Wise Business account for this LLC but now it got closed, I think because they don't like my residency (I am the manager in the LLC).

Would setting up a new US LLC with a local nominee solve the problem?
Doesn't Wise ask for UBO?

Thanks

Use Mercury

I dont know why you used Wise in the first place?


Anyway living in UAE is not good if you seeking any banking services

 

[cer955]

Use Mercury

I dont know why you used Wise in the first place?


Anyway living in UAE is not good if you seeking any banking services

I used Wise because I need EU IBAN, I also have Mercury but it's not easy to receive payments (we do B2C with EU clients).

yes they do.

You will need to have full nominee service in place if you want to have a Wise account for your US LLC.

Do you know any reputable service provider?

 

[Jbb1]

I used Wise because I need EU IBAN, I also have Mercury but it's not easy to receive payments (we do B2C with EU clients).


Do you know any reputable service provider?

Airwallex will provide you EU IBAN.

 

[yngmind]

Wise doesn't work with UAE addresses. It does but doesn't provide multi-currency accounts.

 

[JohnnyDoe]

Do you know any reputable service provider?

Service providers sell the same nominees again and again. And you should probably think twice before using a nominee, I speak from experience. Much better to create your own nominees

 

[Don]

Anyway living in UAE is not good if you seeking any banking services

Best is to get dual legal residence (but not tax residence) in order to access better banking abroad. Sometimes even long term visa helps.

 

[cer955]

Best is to get dual legal residence (but not tax residence) in order to access better banking abroad. Sometimes even long term visa helps.

Actually I have another residency in EU country but no proof of address, how to handle that?

 

[Don]

Actually I have another residency in EU country but no proof of address, how to handle that?

Normally banks ask for utility bills at the very minimum

 

[JohnLocke]

Normally banks ask for utility bills at the very minimum

It's true, in the past, a bill from electricity or heating was enough for the bank, but now they want a tax number; otherwise, they withhold the tax for you!