Personal Banking Options to get money out of Business Bank Account

[hdloader11]

Hi everyone,

I currenly have a Wyoming LLC in US doing business in e-commerce. I have a bunch of bank accounts, but they're all under my company name.

I have about $400k that I need to get out of these business accounts into my personal account. My personal bank accounts in my home country are obviously a no-go, as bringing the money inside the country would create a taxable event.

So I need a personal bank account in another country. My end goal is to use this personal bank account to transfer the funds to my Interactive Brokers(IBKR) account, and buy stocks and stuff there.

I considered transferring the money to my personal Wise account, but a $400k transfer would likely get the account blocked. I'm open to any advice you have on how to go about this. Thanks

 

[JohnnyDoe]

Buy crypto or pay taxes

 

[CyprusLawyer101]

Couldn't you define the transfer as a dividend distribution? Finding a bank for this shouldnt be difficult.

 

[ShillGates]

where are your accounts for your wyoming llc? which banks? and whats the country or area of residence personal

 

[JimBeam]

Just do things gradually and you could probably get away with Wise or similar EMIs.
Don't transfer 400k at once and you should be fine I guess.

Have the paperwork ready in case they ask questions (how you're going to justify these transfers, dividend distribution or whatever)