Bitcoin accidentally solved my startup's international banking problem • Hacker News Board

Re: Bitcoin accidentally solved my startup's international banking problem

#71

Post by wiradikusuma » Tue, Oct 08, 2013, 6:15 PM UTC

vidarh wrote: post #57

wiradikusuma wrote: post #46

I'm in a very similar situation: I remotely incorporated in Delaware, US, and now trying to open a bank account in the US (for Stripe). Help, anyone?

Most large US banks or banks with a US presence will allow opening a US bank account reasonably easy. Call around. It is generally easier to open one in person (but if you make a trip, make sure you know what identification they require first as it varies wildly), but at least the larger banks tends to have no problems handling foreign account holders with the caveat that the paperwork can be a bit annoying. I once o…

Thanks! I will try opening a HSBC US bank account from my country of residence, Malaysia.

I've contacted SVB by phone. They told me to email them some details, but then they ignore my email.

Re: Bitcoin accidentally solved my startup's international banking problem

#72

Post by latj » Tue, Oct 08, 2013, 6:44 PM UTC

HalfPriceDigi wrote: post #12

latj wrote: post #11

Earlier quoted context omitted.

I'm surprised there is no law prohibiting people from telecommuting from U.S. to bypass U.S. laws.

You have to keep in mind that a company is its own entity and since my startup was formed in the UK, it is a UK company that is governed by UK laws. The UK has no problem with non-resident company directors, but setting up a bank account for a company with a non-resident director is another story.

Yes, I wasnt talking about starting a foreign company. I was talking about doing the work on behalf of that company from the U.S..

If you still live in the U.S. I assume you are connecting remotely to your servers and then writing and executing code that the U.S. might consider illegal behavior.

I'm not putting you down- I am glad people are pushing the boundaries. I just wouldnt feel comfortable taking that risk personally.

Re: Bitcoin accidentally solved my startup's international banking problem

#73

Post by hayksaakian » Tue, Oct 08, 2013, 7:27 PM UTC

mcherm wrote: post #65

hayksaakian wrote: post #41

Earlier quoted context omitted.

This seems completely legit. Thanks for the information.

dobbsbob writes: > Belarus seems to have no financial police whatsoever [...] they didn't even ask me the source of the income [...] watch shady Russian businessmen walk out with bags of cash hayksaakian writes: > This seems completely legit. I find myself unable to tell whether you (hayksaakian) are being serious or ironic.

That is to say, it all seems very questionable, but under the radar enough that it may still be useful information