Question NM or WY LLC for Stripe?

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Martina

New member
I've been reading comments here about chances of being rejected by Stripe (and possibly Wise) are higher with a New Mexico LLC compared to a Wyoming LLC. (non resident, single member)

Can anyone confirm or debunk from personal experience?
 

I'mRobot

Offshore Agent
Mentor Group Gold
No, chances are higher not to be rejected if you tell Wise what it is you are going to do.

Hold my Wise account for 4th year not a single issue yet.
 

I'mRobot

Offshore Agent
Mentor Group Gold
NM and Wyoming, I own several companies. Stripe is exact same thing, you need to be patient when you ask their support but it is worth to tell them what it is you are going to do first.

I read that someone here on the forum did it a few years ago, he never got replies, however, I did the same and it worked.
 

Martina

New member
NM and Wyoming, I own several companies. Stripe is exact same thing, you need to be patient when you ask their support but it is worth to tell them what it is you are going to do first.

I read that someone here on the forum did it a few years ago, he never got replies, however, I did the same and it worked.
Thanks, so you're saying Stripe will not reject you based on what state you incorporated in?

I run a legitimate business, so I have no problem telling and showing them exactly what I do.
 

MiltonStone

Corporate Services
Mentor Group Gold
Get in touch with Stripe first and you will see that it is well possible to get a stable solution from them for Wyoming corps. I have not tried with NM.
 

Martina

New member
Hello, what is the result? NM is viable or not or it does not matter where it is done
For Stripe approval it shouldn't matter, but I consulted an expert and it seems NM is not the best for getting US bank accounts, so the better choice would be WY.
 

Spinat

Corporate Services
Mentor Group Gold
Elite Member
For Stripe approval it shouldn't matter, but I consulted an expert and it seems NM is not the best for getting US bank accounts, so the better choice would be WY.
Why is NM not the best, did he actually explained that to you?

Wyoming isn't worst so go for it if you find it easier in regards to Stripe.
 

Milky Moon

Offshore Research & Development.
Entrepreneur
Because there's no renewal or filing involved. This makes banks nervous. or so I was told by registered agent.
For NW you only pay $35 per annum after the initial registration. Wise works fine. NW doesn't allow database acces from outside the US so it is really 'nice' :).
(Use it to keep some assets anonymous, and not that many transactions (1 incoming "invoice" per month, every quarter that total sum is sent somewhere else)(in-out is a red flag for banks)
 

Martina

New member
For NW you only pay $35 per annum after the initial registration. Wise works fine. NW doesn't allow database acces from outside the US so it is really 'nice' :).
(Use it to keep some assets anonymous, and not that many transactions (1 incoming "invoice" per month, every quarter that total sum is sent somewhere else)(in-out is a red flag for banks)
Glad it's working for you. For me it would be too risky. I have many transactions.

How did you find out about the golden ratio 1 monthly incoming and 1 quarterly outgoing invoice?
 

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