New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
I would like to check with you if, as I think, I am allowed to:
1) open an on-line service (no products) US-incorporated (NC) business while being resident and living in Europe.
YES
2) use my European address as both legal address and office.
YES
3) avoid using a registered agent there.
Not Sure
4) avoid to open a bank account in US.
YES
5) avoid to open an EIN
I think I need to open the EIN to report the business taxes to IRS.
Dear Joe,
1) Yes – that’s correct. You can own a US company while living in Europe. Keep in mind, certain entity types such as S-Corporations require all shareholders to be US persons.
2) Yes – that’s correct. Your European address can be used as business address.
3) Every company registered in North Carolina must maintain a registered agent with a physical presence in North Carolina. We provide this service for $99 a year.
4) Yes – that’s correct. You don’t have to have a bank account for your US company in the US, you can open one in Europe or elsewhere.
5) Foreign-owned companies must have their own EIN.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
