Question What offshore bank account do you recommend for this situation?

[XkBT03]

I don't live in the US (and am not a US citizen), but I will be receiving commissions paid by a US business.

What offshore bank account (and/or other strategies) do you recommend to minimize tax in this situation, while keeping initial costs to a minimum?

What criteria should I consider when choosing an offshore bank account (or other strategy)?

 

[Gediminas]

I don't live in the US (and am not a US citizen), but I will be receiving commissions paid by a US business.

What offshore bank account (and/or other strategies) do you recommend to minimize tax in this situation, while keeping initial costs to a minimum?

What criteria should I consider when choosing an offshore bank account (or other strategy)?

Hey,

Because you don't live in the US, it will be much easier to open an offshore bank account.

The taxes depend on your tax residency country (not on the bank itself), so it really depends on where you live.

When looking for a bank, you should at least find if the bank/fintech is allowing transfers from the USA.