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Opening a Delaware Corporation: an Incorporation Guide for Foreigners

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Re: Opening a Delaware Corporation: an Incorporation Guide for Foreigners

#13

Post by alexpogosyan »

Thanks for sharing. As far as I know there is no double tax treaty between Brazil and the US. Does this mean you will have to pay income tax twice?

Also very interested to know how did you get a US bank account. As far as I know it is not possible to do it remotely since Patriot Act has been passed.

Re: Opening a Delaware Corporation: an Incorporation Guide for Foreigners

#14

Post by diegogomes »

alexpogosyan wrote: post #13

Thanks for sharing. As far as I know there is no double tax treaty between Brazil and the US. Does this mean you will have to pay income tax twice? Also very interested to know how did you get a US bank account. As far as I know it is not possible to do it remotely since Patriot Act has been passed.

Since we're not in the U.S. (yet) we do not need to pay taxes twice. We work from brazil as contractors to our U.S. company. So the company pays taxes in the U.S. and the individuals pay income taxes in Brazil.

Re: Opening a Delaware Corporation: an Incorporation Guide for Foreigners

#16

Post by samdalton »

alexpogosyan wrote: post #13

Thanks for sharing. As far as I know there is no double tax treaty between Brazil and the US. Does this mean you will have to pay income tax twice? Also very interested to know how did you get a US bank account. As far as I know it is not possible to do it remotely since Patriot Act has been passed.

I managed to set one up last week with Wells Fargo. They wouldn't set up a credit account without a SSN, but I have check and savings. Granted, it was because I'm moving there next week, but the process only took an hour, and a few scanned documents.

Re: Opening a Delaware Corporation: an Incorporation Guide for Foreigners

#17

Post by diegogomes »

alexpogosyan wrote: post #13

Thanks for sharing. As far as I know there is no double tax treaty between Brazil and the US. Does this mean you will have to pay income tax twice? Also very interested to know how did you get a US bank account. As far as I know it is not possible to do it remotely since Patriot Act has been passed.

In our case we have a board member that lives in the U.S. and helped us with the U.S. address. We also have a virtualpostmail address for mailing purposes only.

Re: Opening a Delaware Corporation: an Incorporation Guide for Foreigners

#20

Post by sanswork »

kseudo wrote: post #7

On a similar vain we are thinking of incorporating in the US but we will also need a bank account there. Anyone know what the procedure/requirements would be for this?

I did this in June. I'm from Canada and my partners are Australian so for us it was a bit easier. I took all the incorporation documents and my personal identification and drove across the border to open our accounts. The process was straightforward and simple and the business manager at the bank knew how to handle it. That said I think its easier for Canadians than people from other countries.
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