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Need EU IBAN for US company - Wise & Nominees?

cer955

New member
Mar 9, 2021
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EU
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
 
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
 
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?
 
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.
 
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
 
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!
 
i don't understand. please can you explain further?
He means that you should apply for a visa in the US, EU, Japan or Singapore. Once you are resident in those countries, doors to banks open faster than you can imagine.

Most banks just like local residents and are not interested in non-residents for which they must do all the CRS reporting and more often than not, they only came for dubious activities in the first place. That's why so many Swiss banks got closed by your glorious Peace Nobel laureate Barack Hussein Obama.

Swiss banking was good in the nineties. You go to the bank, ask for an account, they ask for which name they can put into the booklet and then hand you over the passbook. It was good until some EUSSR dudes thought they can save taxes that way and then they were simply to many.
 
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