Ive been in U.S. since I was 9yrs old, but I still don’t have a social sec. I’ve been lost my whole life and been depressed. I’m so grateful for this channel
Nomad. Viewing from Trinidad & Tobago in the Caribbean. Priceles Information. You provided us with the most informative video on TH-cam. Thank you. Thank You.
5yrs later, the information is still correct. EXCEPT it's recommended to have a business address, personal address, registered agent all different and US-based. Additionally, there are online options for business bank accounts, but it's addresses that have bn tricky lately. Thanks for the info; great having all this in one video. I'll be coming back for future ventures. 😊
Thank you so much for this GREAT AND HELPFUL INFORMATION! It really answered so many questions I had about opening a US bank account. Cheers from Guatemala City!
@@MylesDunphy - hello, I'm from india, I wanted to trade in stock market of usa, how shall I open account in us bank, without being in usa nation... Because coming to usa might be costly. Please guide me
I'd love to add two information since this video is a bit outdated: 1. Instead of Wyoming, form your LLC in New Mexico instead. No annual reports, fees or taxes and you are 100% anonymous. 2. A new banking player is Mercury Bank. You get all the features of a traditional US bank, minus the fees.
Thanks for the video content! Apologies for the intrusion, I would appreciate your initial thoughts. Have you heard about - Bonincoln Wordless Authority (do a google search)? It is a great exclusive guide for getting finance for your business minus the hard work. Ive heard some amazing things about it and my buddy at last got excellent results with it.
Myles if you're selling in the USA - you will still need a special SSN or ITIN. If you incorporate in an accepted country on the amazon list - sure you can use your native banks and not worry about U.S. compliance, but the customer pays for heavy shipping charges and waits for the order to arrive (dropping your sales) - since your storage and fulfillment happens there. If you incorporate in the USA - you need an SSN and EIN number for the gov to track sales, corporate and income taxes. Getting a virtual, border-less account is easier to setup - but once the funds are transferred to your local account makes you liable to pay your local taxes. Most countries have a double tax treaty benefit. Hence it is always best to connect with an international tax expert or C.P.A. who can plan to avoid blunders. This is a real challenge and has to be treated with detail.
Thanks mate. You are truly the most genuine teacher I have found online. I look forward to contacting you and signing up for your course. If anyone reading this is shopping around, I suggest you take a serious look at this gentlemans transperancy and want to help his students. Yes Kevin David and many others have great models yet Nomad Millionaire, in my opinion, is the most honest I have found. Thanks again.
I am from a country that is not included in Amazon list and also from Stripe; and I've been searching for a while and got confused plus a headache.. you're video helped me a great deal. Thank you Myles
Great video! Few videos are really very detailed and in-depth; this is one of them. Thanks for the high level of detail and clarity. Looking forward to watching more of your videos. Please keep them at a high level detail. Thank you!
You are second to none! Such a wonderful person from a wonderful country 🌹 I really appreciate your useful information 🙏 I hope every video I see on TH-cam would be as useful as yours. Thank you, brother!
Thanks for the video.I am not US citizen . I made Bank of America checkin account when I was there. Now I am outside the US and workonline -I am now getting payments from the US company into my account there. Should I be worried they might freeze my account there if they findout I haven;t been in US for almost a year?
Since I was born in Greece and am a citizen of Greece, I have a Greek passport, but I moved to Turkey two years ago and now I want to open an Amazon account. I do not have Turkish citizenship. I am a Greek citizen and live in Turkey. How do I open an Amazon account? Also, I do not have a tax ID number because I have just moved to Turkey. what should i do please help me
Dear myles, I posted below earlier but could not get a response from you. trying my chance again. Appreciate if you can get back. As a non-US citizen & non-US resident, after watching your video, I contacted wyoming agents. They mentioned that they can create an LLC but they do NOT provide an "operational address" (they say that they use their registered agent address as our business address for state record, and that address cannot be used by us for general business purposes. And they say that if we need an operational address we have to get their Virtual Office service). From what I understand so far:1. if we create an LLC, we need to provide the address of the LLC for the banks to be able to open a bank account 2. if we are to register to amazon with that LLC, we will need the address of that LLC (I read that they even ask a utility bill of that LLC). So, Question 1: did you also get virtual office service from them? Question 2: and if yes, without submitting any utility bill for that LLC (because it is not a physical company where there is a billed utility), how did you manage to register to amazon with your LLC?
tough one, not sure on either account as i dont use my LLC for Amazon and I dont have a virtual office with them. Re utility bill it's normally in the same category as bank statement, since I have never had a utility bill in my life I always have to submit bank statements. In this case I would use my BoA statement.
@@MylesDunphy hi myles, thanks for the response. but what do you use for your amazon account then? I mean, I understand you are a non-US resident and Non-US citizen. so do you sell as an individual on amazon? or how do you do that? can you please let me&us know? Your quick response is appreciated (ps: regarding utility bill, it is mentioned by so many people that amazon requires a utility bill when you register with a company or LLC.)
@@NexusAccess hi tobias, actually I am searching and trying to understand. but unfortunately I do not have a certain answer (no one has ever explained this in a clear way). you can see myles' response below. I also again asked him about it. lets see what he says. I was thinking that he used LLC for amazon, but seems like he does not. so it will be good if we can know what entity he uses for this purpose. (can you also let me know if you ever find anything about this matter? (lets keep an eye on below for myles' following response).
Thank you. great video. I have a question, When registering an LLC in Wyoming, can I put a New York mailing address (friends house..), or does it have to be from Wyoming as well?
Transferwise Borderless account is definitely not the same as a US bank account. A friend of mine who has the US bank account asked his bank a way to send me money from his account via ACH routing. TW insists it works but the US bank can not offer this option - only checks or Wire transfers(an expensive fee) or Zelle, which works for the owner of the US bank accounts only. Sure the friend of mine can open TW account and send me money this way but not everyone wants to open TW account. Concluding Transferwise account is not the same as a US bank account.
Hey @Nomad Millionnaire Very useful information, thanks for sharing. Planning on going to the US to open a company and personal account next week. You said in your video you got your credit card right away, did it have anything to do with the amount of money you opened your account with? Is it possible to know how much money you put into your accounts when you opened them?
Great video. Two questions: 1. Could you give us a little more information about your experience creating an LLC with Wyoming Registered Agent Services LLC? 2. In your experience, What would be the best attribute to set up an LLC in Wyoming and not in New Mexico? Thanks
Thanks for the video - I successfully opened a Wells Fargo account from Austin so very happy! To get a secure CC with them you need an ITIN I also tried with Bank of America to open a checking account but they needed a proof of residence e.g utility bill
Question: If you open a US bank account for personal use (while being in the US) can you use it to operate in FBA as a solo proprietor and pro seller? or can you later upgrade it to an account for business (without being in the US)? I reside in China and my main bank is here and I want to start AFBA. My Nationality is Italian. I'm actually travelling to the US soon so I find this video extremely helpful. I hope that question makes sense. if it doesn't it, ignore it. I don't wanna waster your time. You're already helping me massively. much appreciation.
If we form an LLC, get the EIN and get a bordeless transferwise bank account, we can register on Amazon FBA and do the identity verification with no problem? without a real US bank account and without utility bills (e-commerce)? please answer
Hey Myles! How are you Just Subscibed got all that I was searching for a week in 20 mins Video. Last confusing question. If you are selling in USA marketplace from Germany and use transferwise usd account as deposit method.When you sign up a USD account on transferwise it will be on your name.So you have to pay taxes in U.S too as you have money in an account there and you are selling in that marketplace?
Hi Nomad you didn't answer my previous question also if you can help you would be a life saver. I want to ask if you have you use BOA is it upgraded to LLc. If Non Us Seller opens Boa on arrival and is used as deposit method will it be subject able to income tax in USA?And you have to register this BOA in your corporate company in home town.
Hello and Happy New Year! Myles, thank you so much! Very useful if it's actual in 2020 )) But who knows, how to open Stripe with this method? Do I need SSN there or EIN is enough? Thanks for replies! God bless you all!
Hi Myles, thanks for the insightful video on LLC and Bank Accounts. For the Wyoming LLC, which accountant (CPA) and accounting software do you recommend?
Exceptional Video! I enjoyed watching and learning from your experience. Do you have any recommendation or link to another video on how you make payments to your US credit card from your foreign country?
Nice video! I would like to ask 2 questions, one related to the bank account and another one related to taxes (maybe a bit out of topic :) My country is on Amazon's list of available countries and my credit card is American Express. Is it good to go?According to the portuguese tax office, I'm allowed to sell as an individual and pay the income tax here too. As long as I don't have a physical headquarter in the US (or somebody doing business there for me), the only tax I must pay in the US is the sales tax, which depends on the warehouse and buyer location (state). My question is: do you manage the sales tax by yourself, or do you hire someone in the US to do it, or does Amazon also participate in sales tax management? Thanks in advance!
Honestly if you're a non-US seller just getting started - kick the sales tax problem down the road for now and spend that energy worrying about launching profitable products (that is my completely non-professional advice)
sales tax is in a state of flux and it's unclear where exactly we sit, especially as foreign sellers. unlike something like EU VAT (which you definitely cannot just deal with in the future). and in either case you are small fry so you're way down on anyone's priority list
Hey there mate, appreciate the video it helps a lot, I'm also looking to start an online business using FBA. I also live in Panama, so transferwise does not help, any other recommendations? Cheers.
Hi there, nice job explaining this video. I have a few questions for you. 1. Does paypal accept linking transferwise account gor it withdrawal purpose? 2. Can you compare Payooneer with transfer wise? 3. Can you add a domicialliary account to transferwise for direct withdrawal?
Hi myles ❤ Hi I form outside of the USA but I got EIN FROM IRS I HAVE A US BUSINESS ADDRESS AND PHONE , can I registered with bank of American as business account ?
So what would be the best place in USA to get this done relatively fast, if having set-up the company already previously? There are no online ways with the company today? And my last question, how much credit would they initially offer you normally? Guess it could add-up hard after a year of good reputation with 20-30K or up?
Thank you for the vidoe . wanted aske you if i cant travele to the us how can i do to open the bank accunt for my LLC at bank of amirica or TD bank . With out travling to the us ? And how to do to get the credit card for the buniss ?
Hey Myles, simple question , I am a Dutch guy living in Ecuador and I want to establish the suggested LLC and Transferwise business account. Shopify does only offer 2checkout in Ecuador, therefore I want to open a LLC. The question is : will 2checkout accept the LLC and transferwise account for having a 2checkout account? Best regards Bessel Pieper
so the value of opening a transferwise account if you are an non resident amazon seller is to get paid sales into USA dollars rather than being sent to AUS and losing the conversion amount? If the US dollars are paid and the account is linked to your SC account can you use those funds (USA) to pay your Chinese suppliers in USA ?
Hey there, can you answer this question: I'd like to ask a question about open account in the US,does the mail address proof mean the utilities bill of that address?how do I get this?even you rented an Airbnb, your name doesn't exist in the utilities billing address though, thanks for answering
Hi, I live in republic of Congo (not DRC) and i have registered my LLC in new mexico. I tried to open a checking business account at Mercury bank but they told me that it is not possible because i am located in a country they can't serve. Which other bank could you please advise me?
What if I have a social security number but I'm not a citizen neither a resident of United States? Knowing that I'm outside US, What would be the best option in this case and on your opinion Nomad?
Hello. I'm an Australian company too and I need to do what you've suggested and open an LLC that will be owned by my Australian based company. Question: where can I find out about tax in this situation. Will I still only need to pay company tax in Australia or will I then need to pay it in the US? Thank you so much.
hey mate thanks for the video. So if you are trying to register a corporation and they ask you for a US bank account, then this account with transferwise would be sufficient?? thanks
What about bloggers. I live in India and it does not support stripe. I write on a blogging platform. Can we incorporate a USA bank ac using transwire? Also do we need to pay taxes to USA authorities?
Hi Nomad, at 18:34 I'm not a US resident and i got my EIN . but my question is that I typed my Legal name to be my LLC name and my mailing address to be my "mail forwarding address" which the agency gave to me so Was that the correct way to do it? and will that benefit me when registering in amazon seller central?
any suggestions about how to open US bank account when you are not in the US? can it be done online, I know transferwise can be used, but one still needs a credit card, especially to start selling on amazon.
Hey Myles, how are you doing today? I just stumbled onto your channel today and I love the info, so first of all thank you for helping us entrepeneurs out. I was wondering what is your feeling about wyomingagents ? After 6 months, still happy with them ? No hidden fees ? No agressive sell ups ? Thx mate !
Why did you open a us company in Wyoming and EIN , why not use your Australian banks? Just asking the question since I am Canadian and don’t know if I should open a us bank account or do it the same way I am doing it now which is amazon is transferring money online to my bank here. Thank you.
Thanks a a lot for the video. Is it possible to open a bank account in Australia or New Zealand and use Stripe? i can get a visa to work in New Zealand or Australia.
I live in the Caribbean, and I have an ecommerce business in my country and i want to add PayPal as one of my payment methods on my website. But, they require a US bank account which I don't have. Where can go to open a hassle free bank account with a visa or debit card.
Hello im u.s. citizen but have expired i.d. and unable to renew i have ssn also is there a bank offline or online that i may be able to make an bank account with? I tried few but was negated because expired i.d.
Hey Myles, just a quick question. Do you have a video about tax settings? Bcs I am dealing with that issue at the moment. I havent launch my product yet until I get the state registration number in Texas (sales tax nexus)
This guy deserves not just a like, but also a subscription. He is spreading good valuable info for anyone wanting to get freedom!
Appreciate the kind words Francisco! 🙇
A secured credit card works for registering on seller central?
@@MylesDunphy hi nomad i wanna open bank accounts in usa and got a business to do if u can help me open accounts
Ive been in U.S. since I was 9yrs old, but I still don’t have a social sec. I’ve been lost my whole life and been depressed. I’m so grateful for this channel
Nomad. Viewing from Trinidad & Tobago in the Caribbean.
Priceles Information. You provided us with the most informative video on TH-cam.
Thank you. Thank You.
5yrs later, the information is still correct. EXCEPT it's recommended to have a business address, personal address, registered agent all different and US-based. Additionally, there are online options for business bank accounts, but it's addresses that have bn tricky lately.
Thanks for the info; great having all this in one video. I'll be coming back for future ventures. 😊
Thank you so much for this GREAT AND HELPFUL INFORMATION! It really answered so many questions I had about opening a US bank account.
Cheers from Guatemala City!
Welcome!
@@MylesDunphy - hello, I'm from india, I wanted to trade in stock market of usa, how shall I open account in us bank, without being in usa nation... Because coming to usa might be costly. Please guide me
@@Rocky..1343 you are using this account for scam purpose
I'd love to add two information since this video is a bit outdated:
1. Instead of Wyoming, form your LLC in New Mexico instead. No annual reports, fees or taxes and you are 100% anonymous.
2. A new banking player is Mercury Bank. You get all the features of a traditional US bank, minus the fees.
Living in Australia , you recommend setting up company here as advised or setting up llc in the states?
Thanks for the video content! Apologies for the intrusion, I would appreciate your initial thoughts. Have you heard about - Bonincoln Wordless Authority (do a google search)? It is a great exclusive guide for getting finance for your business minus the hard work. Ive heard some amazing things about it and my buddy at last got excellent results with it.
That's what I did, but Mercury Bank is not accepting by Shopify to send funds on. I'm not sure there's a workaround for this...
Any link for New Mexico LLC link!?
@@humblerioter1260 I've used Incfile
Best Video I've seen in a long time. Subscribed, liked. Very Time saving as well.
Myles if you're selling in the USA - you will still need a special SSN or ITIN. If you incorporate in an accepted country on the amazon list - sure you can use your native banks and not worry about U.S. compliance, but the customer pays for heavy shipping charges and waits for the order to arrive (dropping your sales) - since your storage and fulfillment happens there. If you incorporate in the USA - you need an SSN and EIN number for the gov to track sales, corporate and income taxes. Getting a virtual, border-less account is easier to setup - but once the funds are transferred to your local account makes you liable to pay your local taxes. Most countries have a double tax treaty benefit. Hence it is always best to connect with an international tax expert or C.P.A. who can plan to avoid blunders. This is a real challenge and has to be treated with detail.
Competent, thorough, time efficient!
Very well done, thank you.
Thanks mate. You are truly the most genuine teacher I have found online. I look forward to contacting you and signing up for your course. If anyone reading this is shopping around, I suggest you take a serious look at this gentlemans transperancy and want to help his students. Yes Kevin David and many others have great models yet Nomad Millionaire, in my opinion, is the most honest I have found. Thanks again.
Grateful for the kind words x1000! 🙇
Such a good video, and such a good presence in front of the camera. Thank You
This guy is just amazing, I subscribed after watching the video.
Once you get a credit history with secured credit card as a non US resident. After how long you can apply for proper credit card. Thank you
What address do you need to use to transferewise business account US llc
1) your home address in non US country
Or
2) you mailing address in the US
This will save me so much time if I saw this when I first started
My man! Great information bro. Thanks!
Just curious, what is your nationality? You sold over $4M on Amazon in 2 years and how much did you start with?
I am from a country that is not included in Amazon list and also from Stripe; and I've been searching for a while and got confused plus a headache.. you're video helped me a great deal. Thank you Myles
Great video! Few videos are really very detailed and in-depth; this is one of them. Thanks for the high level of detail and clarity. Looking forward to watching more of your videos. Please keep them at a high level detail. Thank you!
You really deserve the subscription and my thumb up 👍 good work
You are second to none!
Such a wonderful person from a wonderful country 🌹
I really appreciate your useful information 🙏
I hope every video I see on TH-cam would be as useful as yours.
Thank you, brother!
Thank you for this video it was very useful! I just have one question which is better for amazon business ( OFX or World First )?
Thanks for the video.I am not US citizen . I made Bank of America checkin account when I was there. Now I am outside the US and workonline -I am now getting payments from the US company into my account there. Should I be worried they might freeze my account there if they findout I haven;t been in US for almost a year?
Since I was born in Greece and am a citizen of Greece, I have a Greek passport, but I moved to Turkey two years ago and now I want to open an Amazon account. I do not have Turkish citizenship. I am a Greek citizen and live in Turkey. How do I open an Amazon account? Also, I do not have a tax ID number because I have just moved to Turkey. what should i do please help me
Dear myles, I posted below earlier but could not get a response from you. trying my chance again. Appreciate if you can get back.
As a non-US citizen & non-US resident, after watching your video, I contacted wyoming agents.
They mentioned that they can create an LLC but they do NOT provide an "operational address" (they say that they use their registered agent address as our business address for state record, and that address cannot be used by us for general business purposes. And they say that if we need an operational address we have to get their Virtual Office service).
From what I understand so far:1. if we create an LLC, we need to provide the address of the LLC for the banks to be able to open a bank account 2. if we are to register to amazon with that LLC, we will need the address of that LLC (I read that they even ask a utility bill of that LLC).
So,
Question 1: did you also get virtual office service from them?
Question 2: and if yes, without submitting any utility bill for that LLC (because it is not a physical company where there is a billed utility), how did you manage to register to amazon with your LLC?
I have exactly the same problem- did you make Progress on this?
tough one, not sure on either account as i dont use my LLC for Amazon and I dont have a virtual office with them. Re utility bill it's normally in the same category as bank statement, since I have never had a utility bill in my life I always have to submit bank statements. In this case I would use my BoA statement.
@@MylesDunphy hi myles, thanks for the response. but what do you use for your amazon account then? I mean, I understand you are a non-US resident and Non-US citizen. so do you sell as an individual on amazon? or how do you do that? can you please let me&us know? Your quick response is appreciated (ps: regarding utility bill, it is mentioned by so many people that amazon requires a utility bill when you register with a company or LLC.)
@@NexusAccess hi tobias, actually I am searching and trying to understand. but unfortunately I do not have a certain answer (no one has ever explained this in a clear way). you can see myles' response below. I also again asked him about it. lets see what he says. I was thinking that he used LLC for amazon, but seems like he does not. so it will be good if we can know what entity he uses for this purpose. (can you also let me know if you ever find anything about this matter? (lets keep an eye on below for myles' following response).
@@hatiu4204 unless specifically on the excluded countries list I recommend signing up with an entity from your home country
Thank you. great video. I have a question, When registering an LLC in Wyoming, can I put a New York mailing address (friends house..), or does it have to be from Wyoming as well?
Transferwise Borderless account is definitely not the same as a US bank account. A friend of mine who has the US bank account asked his bank a way to send me money from his account via ACH routing. TW insists it works but the US bank can not offer this option - only checks or Wire transfers(an expensive fee) or Zelle, which works for the owner of the US bank accounts only. Sure the friend of mine can open TW account and send me money this way but not everyone wants to open TW account. Concluding Transferwise account is not the same as a US bank account.
hi, may you let me know if they give debit card to argentinean or italian residents please? thanks a lot
Hey @Nomad Millionnaire Very useful information, thanks for sharing. Planning on going to the US to open a company and personal account next week. You said in your video you got your credit card right away, did it have anything to do with the amount of money you opened your account with? Is it possible to know how much money you put into your accounts when you opened them?
nps. I'm not sure about that part of the process. They do ask for your income.
Great video. Two questions:
1. Could you give us a little more information about your experience creating an LLC with Wyoming Registered Agent Services LLC?
2. In your experience, What would be the best attribute to set up an LLC in Wyoming and not in New Mexico?
Thanks
Thanks for the video - I successfully opened a Wells Fargo account from Austin so very happy! To get a secure CC with them you need an ITIN
I also tried with Bank of America to open a checking account but they needed a proof of residence e.g utility bill
Nps Sanjay. It's funny how much it varies, I think a lot depends down the actual acct manager who sees you on the day.
Did you download the itin formulary, filled it out and then mailed it to the IRS to get the itin?
This is gold for international sellers
THANK YOU ! Exactly what I was looking for.
Question: If you open a US bank account for personal use (while being in the US) can you use it to operate in FBA as a solo proprietor and pro seller? or can you later upgrade it to an account for business (without being in the US)?
I reside in China and my main bank is here and I want to start AFBA. My Nationality is Italian. I'm actually travelling to the US soon so I find this video extremely helpful.
I hope that question makes sense. if it doesn't it, ignore it. I don't wanna waster your time. You're already helping me massively. much appreciation.
hello my father is in the USA
can he send the card for me in Mail, ups , FedEx, ???
If we form an LLC, get the EIN and get a bordeless transferwise bank account, we can register on Amazon FBA and do the identity verification with no problem? without a real US bank account and without utility bills (e-commerce)? please answer
Great Video! I live in Sweden, is TransferWise the best option for me? Is Payoneer something to think of? Thank you for your videos
Great boss,
The information in the video is very useful to me.
Thanks
you a legend mate. thumbs up bro
Myles is so slick random stuff appears in his house, watch over his right shoulder by the coffee maker 0:40
Those nachos are such troublemakers
I'd like to add if you don't want to or your airbnb won't let you a mail forwarding business could forward your cards to your international address
When you signed up for the personal US account, did you use a US address or did you use your overseas address?
Hey Myles! How are you Just Subscibed got all that I was searching for a week in 20 mins Video.
Last confusing question.
If you are selling in USA marketplace from Germany and use transferwise usd account as deposit method.When you sign up a USD account on transferwise it will be on your name.So you have to pay taxes in U.S too as you have money in an account there and you are selling in that marketplace?
Hi Nomad you didn't answer my previous question also if you can help you would be a life saver.
I want to ask if you have you use BOA is it upgraded to LLc.
If Non Us Seller opens Boa on arrival and is used as deposit method will it be subject able to income tax in USA?And you have to register this BOA in your corporate company in home town.
What tool did you use to film and record the screen?
Hello and Happy New Year!
Myles, thank you so much! Very useful if it's actual in 2020 ))
But who knows, how to open Stripe with this method? Do I need SSN there or EIN is enough?
Thanks for replies! God bless you all!
EIN is enough
Impressive presentation 👍
Hi Myles, thanks for the insightful video on LLC and Bank Accounts. For the Wyoming LLC, which accountant (CPA) and accounting software do you recommend?
Thanks for sharing this valuable information 🤓!
Exceptional Video! I enjoyed watching and learning from your experience. Do you have any recommendation or link to another video on how you make payments to your US credit card from your foreign country?
Nice video! I would like to ask 2 questions, one related to the bank account and another one related to taxes (maybe a bit out of topic :) My country is on Amazon's list of available countries and my credit card is American Express. Is it good to go?According to the portuguese tax office, I'm allowed to sell as an individual and pay the income tax here too. As long as I don't have a physical headquarter in the US (or somebody doing business there for me), the only tax I must pay in the US is the sales tax, which depends on the warehouse and buyer location (state). My question is: do you manage the sales tax by yourself, or do you hire someone in the US to do it, or does Amazon also participate in sales tax management? Thanks in advance!
Honestly if you're a non-US seller just getting started - kick the sales tax problem down the road for now and spend that energy worrying about launching profitable products (that is my completely non-professional advice)
sales tax is in a state of flux and it's unclear where exactly we sit, especially as foreign sellers. unlike something like EU VAT (which you definitely cannot just deal with in the future). and in either case you are small fry so you're way down on anyone's priority list
Hey there mate, appreciate the video it helps a lot, I'm also looking to start an online business using FBA. I also live in Panama, so transferwise does not help, any other recommendations? Cheers.
Hi there, nice job explaining this video. I have a few questions for you. 1. Does paypal accept linking transferwise account gor it withdrawal purpose? 2. Can you compare Payooneer with transfer wise? 3. Can you add a domicialliary account to transferwise for direct withdrawal?
Fantastic video Bro, very informative and extremely thorough. Thank you. 👊🏿
you're welcome!
Transferwise unfortunately doesn't work with businesses in nutraceuticals as I learned.
Hi myles ❤ Hi I form outside of the USA but I got EIN FROM IRS I HAVE A US BUSINESS ADDRESS AND PHONE , can I registered with bank of American as business account ?
Outstanding video. Can you make a video tutorial to open a bank account in bank of America?
I just subscribed, thanks for the video buddy!
So what would be the best place in USA to get this done relatively fast, if having set-up the company already previously? There are no online ways with the company today?
And my last question, how much credit would they initially offer you normally? Guess it could add-up hard after a year of good reputation with 20-30K or up?
Thank you for the vidoe .
wanted aske you if i cant travele to the us
how can i do to open the bank accunt for my LLC at bank of amirica or TD bank . With out travling to the us ?
And how to do to get the credit card for the buniss ?
Hello! How are you? Which bank do you recommend to open an online account without going personally?
I was wondering if I could even do that! Thanks!!! regards from Panama!!
You are awesome. I subscribed.
Can you pls make a video for non us residents on how they can trade in us stock markets ans also save tax.
I've been looking for you guyy 👍shotit
Hey Myles, simple question , I am a Dutch guy living in Ecuador and I want to establish the suggested LLC and Transferwise business account. Shopify does only offer 2checkout in Ecuador, therefore I want to open a LLC. The question is : will 2checkout accept the LLC and transferwise account for having a 2checkout account? Best regards Bessel Pieper
Transferwise does not work (issue cards) to all countries. Payoneer is a better option
so the value of opening a transferwise account if you are an non resident amazon seller is to get paid sales into USA dollars rather than being sent to AUS and losing the conversion amount? If the US dollars are paid and the account is linked to your SC account can you use those funds (USA) to pay your Chinese suppliers in USA ?
Transferwise is based in the Uk and it’s not actually a bank
Very useful ❤
Hey there, can you answer this question: I'd like to ask a question about open account in the US,does the mail address proof mean the utilities bill of that address?how do I get this?even you rented an Airbnb, your name doesn't exist in the utilities billing address though, thanks for answering
Very powerful video great job and thanks for all those information
no problem :)
I need to set up an account on Etsy with Transferwise,but they ask for a SSN,what do I do ?
Hi,
I live in republic of Congo (not DRC) and i have registered my LLC in new mexico. I tried to open a checking business account at Mercury bank but they told me that it is not possible because i am located in a country they can't serve. Which other bank could you please advise me?
What if I have a social security number but I'm not a citizen neither a resident of United States? Knowing that I'm outside US, What would be the best option in this case and on your opinion Nomad?
this is gold! thank you
Hello. I'm an Australian company too and I need to do what you've suggested and open an LLC that will be owned by my Australian based company. Question: where can I find out about tax in this situation. Will I still only need to pay company tax in Australia or will I then need to pay it in the US? Thank you so much.
Please, what's the site name? the screen is too blur to see, so kindly give the link
hey mate thanks for the video. So if you are trying to register a corporation and they ask you for a US bank account, then this account with transferwise would be sufficient?? thanks
What about bloggers. I live in India and it does not support stripe. I write on a blogging platform. Can we incorporate a USA bank ac using transwire? Also do we need to pay taxes to USA authorities?
so basically you have to go to us to get the chance of accepting card payments...
Hi Nomad, at 18:34 I'm not a US resident and i got my EIN . but my question is that I typed my Legal name to be my LLC name and my mailing address to be my "mail forwarding address" which the agency gave to me so Was that the correct way to do it? and will that benefit me when registering in amazon seller central?
any suggestions about how to open US bank account when you are not in the US? can it be done online, I know transferwise can be used, but one still needs a credit card, especially to start selling on amazon.
very nice man, thanks
Hey Myles, how are you doing today? I just stumbled onto your channel today and I love the info, so first of all thank you for helping us entrepeneurs out. I was wondering what is your feeling about wyomingagents ? After 6 months, still happy with them ? No hidden fees ? No agressive sell ups ? Thx mate !
they're great
Why did you open a us company in Wyoming and EIN , why not use your Australian banks? Just asking the question since I am Canadian and don’t know if I should open a us bank account or do it the same way I am doing it now which is amazon is transferring money online to my bank here. Thank you.
Thanks a a lot for the video. Is it possible to open a bank account in Australia or New Zealand and use Stripe? i can get a visa to work in New Zealand or Australia.
Dude!...Duuuude, good info thanks much and you just got a new sub, keep dropping that hot fire brother!
Hi, I’m from Australia. Would I be Able to open a US bank to receive funds on transferwise? Then transfer them to my Australian bank.
Very good information Myles. But please let me know is payneer also accepted by Amazon FBA?
I believe that it is but not 100% as i've never tried
I live in the Caribbean, and I have an ecommerce business in my country and i want to add PayPal as one of my payment methods on my website. But, they require a US bank account which I don't have. Where can go to open a hassle free bank account with a visa or debit card.
Thank you soo much bro for the gem. Now i have still few questions.
Thanks. You didn't mention in which option we will be able to use strip and how
Well done!
Hello im u.s. citizen but have expired i.d. and unable to renew i have ssn also is there a bank offline or online that i may be able to make an bank account with? I tried few but was negated because expired i.d.
I’m interested amazon business , but I need a credit card . I’m live in the United States but I’m not a citizen. What should I do ?
Can we link this in Paypal ?? 🤔
Is payoneer , exactly like transfer wise or what is the difference ?
I love you. Can you make a video about how to do taxes as a foreigner?
I can't because you pay taxes wherever you are based!
What’s about sales tax ?
Hey Myles, just a quick question. Do you have a video about tax settings? Bcs I am dealing with that issue at the moment. I havent launch my product yet until I get the state registration number in Texas (sales tax nexus)
thank you! such a great video!!
If using WorldFirst or Transferwise to get paid for Amazon FBA, is it OK to sign up as a personal account for it?