TransferWise & US LLC?

mange38

Building Trust
Entrepreneur
Does anyone have a TransferWise or a Mercury.co account for their US LLC? How long do you have it and how much did you use it?

I'm thinking about getting a US LLC myself but I don't want to spend $$$ and end up with no EMI/bank account...

I live in the EU and have a local company in my home country for which I have a TW with USD details so I assume I'd also get those for the US LLC without a problem.

Also, can anyone share some info about allowed business expenses for foreign owned, disregarded LLCs?
 

hmamunj

New Member
Its possible to do it . Would you mind telling more details about your requirements ?
Why do you need an LLC ?
 

fshore

Trusted Member
Business Angel
Also, can anyone share some info about allowed business expenses for foreign owned, disregarded LLCs?
If the income is not taxable in the US, then there wouldn't be anyone in the US to question if expenses are allowed or not.
Só you should check with your resident country what expenses are allowed.
 

mange38

Building Trust
Entrepreneur
Its possible to do it . Would you mind telling more details about your requirements ?
Why do you need an LLC ?
Due to stupid EU VAT invoice laws I need a US LLC because I would like to know as less as possible who my clients are. For example if I were doing it through my local company I'd have to specify buyer details on each invoice.

I'd open a New Mexico LLC + TransferWise/Mercury + PayPal/Stripe, so I'm asking if anyone has a similar setup.
 

WoWNull

Building Trust
Entrepreneur
I'd open a New Mexico LLC + TransferWise/Mercury + PayPal/Stripe, so I'm asking if anyone has a similar setup.

for TW its takes around 3 to 5 days to verify all things and accept it, for Mercury they didn`t approve my PoA so i couldn`t continue but some people say its good ^^.

for PayPal and Stripe you need to have SSN for USA account, not sure if you can open local Stripe and link it with USA LLC, for PayPal they refuse that they say for your LLC you need to have USA account.
 

mange38

Building Trust
Entrepreneur
for TW its takes around 3 to 5 days to verify all things and accept it, for Mercury they didn`t approve my PoA so i couldn`t continue but some people say its good ^^.

for PayPal and Stripe you need to have SSN for USA account, not sure if you can open local Stripe and link it with USA LLC, for PayPal they refuse that they say for your LLC you need to have USA account.
Can't I open a US PayPal account using a US IP (VPN)?
 

Cetme308win

Trusted Member
Business Angel
I get a transferwise account for my WY LLC but suddenly they closed It without saying anything
 

WoWNull

Building Trust
Entrepreneur
Can't I open a US PayPal account using a US IP (VPN)?
no they need ssn, i have person in usa and he cant open it for me bcuz he dont have ssn (he is student so they dont provide this to him as per rules)
 

WoWNull

Building Trust
Entrepreneur
IF you can manage ITIN or a USA resident manager. You might be able to solve this issue.
Try it
yes its possible for paypal but last offer i got for itin was around 700$ so it was cheap for me to make uk company hhhh
 

GGMonday

New Member
I used my Delaware LLC with TF. They were only EMI who has onboard me, so I was super happy. I think I have opened the acc within 48 hours including approval.
That used to work perfectly for a few month, but then they have notify my about closing the acc with out disclosure the reasons. Perhaps due to regular bigger payments to my Ukrainian supplier (Ukraine is accounted as grey banking area thees days) or cuse I had personal TF account and used to send myself a sallary (they later closed my personal acc as well) for cashing out.
But in general it was super easy and fine to use TF.
 

Mark Rucken

Trusted Member
Business Angel
I used my Delaware LLC with TF. They were only EMI who has onboard me, so I was super happy. I think I have opened the acc within 48 hours including approval.
That used to work perfectly for a few month, but then they have notify my about closing the acc with out disclosure the reasons. Perhaps due to regular bigger payments to my Ukrainian supplier (Ukraine is accounted as grey banking area thees days) or cuse I had personal TF account and used to send myself a sallary (they later closed my personal acc as well) for cashing out.
But in general it was super easy and fine to use TF.
Do you mind telling us exactly how much money a month did you send to Ukraine? Trying not to make the same mistake as TW currently works perfect for Delaware LLC.
 

GGMonday

New Member
Do you mind telling us exactly how much money a month did you send to Ukraine? Trying not to make the same mistake as TW currently works perfect for Delaware LLC.
Smth like 35-40 K Eur/ month , with single transactions max 20K . I think If I had all transactions under 10K it would have been fine. But I think, they didnt like mostly that I used to transfer up to 4K/month to my personal acc for further cashing out with credit card.

By the way, I also tried to open acc in EMI from Finland B2B pay. At first sight they told they would on-board US LLC , but after I told the I work with Ukraine and Russia some times, they have totally refused me with acc opening.

Anyway, now we shifting from US LLC to HK limited , cuse now its getting more and more complicated with US LLC's
 

Debrog

New Member
Due to stupid EU VAT invoice laws I need a US LLC because I would like to know as less as possible who my clients are. For example if I were doing it through my local company I'd have to specify buyer details on each invoice.

I'd open a New Mexico LLC + TransferWise/Mercury + PayPal/Stripe, so I'm asking if anyone has a similar setup.
Any updates about this setup please ?
 

Debrog

New Member
Due to stupid EU VAT invoice laws I need a US LLC because I would like to know as less as possible who my clients are. For example if I were doing it through my local company I'd have to specify buyer details on each invoice.

I'd open a New Mexico LLC + TransferWise/Mercury + PayPal/Stripe, so I'm asking if anyone has a similar setup.
Any news about the setup please ? Did you succeed in opening PP/Stripe ?
 

mange38

Building Trust
Entrepreneur
As it turns out I *do not* need to have client info on my invoices I didn't proceed with this setup.

Also, the US wants to pass a UBO register bill so it doesn't make much sense for me to open a LLC.
 

Reboot

Building Trust
Entrepreneur
Does anyone have a TransferWise or a Mercury.co account for their US LLC? How long do you have it and how much did you use it?

I'm thinking about getting a US LLC myself but I don't want to spend $$$ and end up with no EMI/bank account...

I live in the EU and have a local company in my home country for which I have a TW with USD details so I assume I'd also get those for the US LLC without a problem.

Also, can anyone share some info about allowed business expenses for foreign owned, disregarded LLCs?
Are you a EU resident?
 

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