Best country for company formation, let's find a ultimate path to run our business hassle-free.

Hey guys, we all know USA is being challenging for foreign individuals who operate from there own country and never wish to come to USA due to high living cost in USA, or may want to enjoy tax-free company with US-standard services.

For me those both reason are responsible to force me to open US LLC. Not a normal LLC, but a foreign-owned single-member LLC taxed as sole propriety (I.e. A single-member LLC who don't wish to elect his LLC to C-Corp, mostly for tax-free LLC).

So after deep research, I planned to open an LLC in USA.

I used a RA service, I can't spell that name here, but I unfortunately hadn't choose James Baker, my first regret, maybe if I had choose James Baker its will got much easier to achieve my goal.

Whatsoever, my RA took a week to registered my company In WY, it took rough one and half month to get my EIN ready. Getting EIN was very tough, it took me 100+ calls to IRS, I called them 5 times daily and faxed them SS-4 maybe 3 times.

Whatsoever, I got my EIN, and the final step was getting some banks account, it even fell illegal to say some banks, because getting a small fintech is extremely tough, so tough 🥵.

I dare say, I sended my application to 25+ banks, but there are major problems I faced, which are listed below:

Need of physical address (99%)
Need of USA resident (99%), why I said 99% here, if you think so, let me explain that if bank ask for physical address this automatically implies that you must be a USA resident (focus that I said resident not citizenship), or if you don’t want to be USA resident, they just need you to make a honeymoon in USA, and caught with some banks physically and open and go back to your country until they will ask you to verify your address again and if you back to your country you will have to comeback to verify it that, not all the time but sometimes.
Need USA number, VoIP accepts but sometimes don’t. VoIP are expensive around $75 1st month, and afterwards $15-25. Only if you wish for good VoIP number, otherwise you will use your cheap numbers and that number got rejected most of the times. And a residential number is only possible if you are a US resident, I said resident not citizenship, and also if you have your someone in US then it’s so good for you, they can activate your number and convert into eSIM and directly can send back to you. If not then you have last option to get a residential sim, is purchase it via third-party sellers from Amazon or eBay who directly ship there butts to your country, maybe this works I don’t know properly. I am a poor guy so I planned to use my country residential phone number.

Above 3 issues are main problem, and every issue makes the owner to come to USA, otherwise saying implicitly, if you are poor, don’t look at USA and rest your butts in your country, ahem not harshly but gently. It’s not a joke, maybe it’s.

I got lost my $1000 on this activity, like hiring RA, getting mail address, and incorporation fees and others miscellaneous.

Whatsoever I learned so many things, the real struggle of business for foreign person only, because US-resident are doing chill, maybe not they are intelligent actually, and also they are so wite.

My main goal was using stripe, wise, mercury. Not got opportunity get approved anywhere dispute my country isn’t on any of there platforms restricted list, still they rejected me before I don’t had a good residency in good country like Spain, Germany, India etc…

Note getting a wise and mercury is much easier for India resident and citizen, I said both resident and citizen, so even if your butts got legs and you ran to India for 6 months and actually rent something and show it to those wise and mercury man in man, they will have high chance to approve you because what? Because you had good residency which they will secure and risk free, this is a very good system for THEM.

So if you read all above content, you can easily predict my next master move, just shut down all things (dissolve as know as close LLC) and go back to your country by dropping your hope to establish a company in USA, the country who saw us dream of having a flexship company and after paying sending back to where they belong. Very sad, I dare say.

Whatsoever, I never believe give upping is a good thing, so I will try this whole year to get some stuff in USA, use some tips and tricks. Maybe I will be successful.

For one of my “give it a try” is why don’t I get my company in a compliance less country which offer standard service like USA do.

It’s was UK before, now it’s challenging there also.

so someone can someone suggest me some tip and tricks for getting an bank account in USA or just tell me the best country to form a single member company.

I will appreciate you with my heart for both reading this long story and suggesting me your tricks and best country to form an company.

This post may have incorrect details, and may someone could disagree, it’s upon you to believe it, otherwise just think me a kid, who don’t have any knowledge.

Thanks thanks thanks!!!

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