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
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
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I'd love to add two information since this video is a bit outdated: 1.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.
Nomad. Viewing from Trinidad & Tobago in the Caribbean. Priceles Information. You provided us with the most informative video on CZcams. Thank you. Thank You.
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.
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 CZcams would be as useful as yours. Thank you, brother!
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!
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
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
Hi Myles. You are suggesting to open a Wyoming LLC as a non-us citizen, but non-U.S. owners of Wyoming LLCs are taxed initially on any US-sourced income at a rate of 30%. So do you pay 30% tax for doing business as a Wyoming LLC?
A US LLC will not owe tax on income sourced outside of the US. This is why the platform is tax efficient for foreigners, who are doing business in another part of the World. Foreigners are mostly setting them up in order to access the banking system. The tax liability falls on the shoulders of the individual member who is receiving the distributions. If they live in the UAE, they pay UAE income tax. If they live in the UK, they pay UK income tax. The "30%" figure you are talking about, I believe refers to WHT (witholding tax), which is paid by a foreigner on capital gains of US stocks etc., not earned income. This figure is lowered to 15% if your country has a DTA with the US, but still only applies to capital gains.
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).
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
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 Myles, I literally had to watch this video twice and I want to thank you for the insight. I will go through all the links and I hope my country is eligible to do most of the things you shared here.
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?
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.
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?
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
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?
Thanks, the best video by far, I do have personal experience with Payoneer and it's been a very bad one, I had their services for over 6 years and some months ago got a notice that they'll be closing my accounts for violation of their terms of usage with them not disclosing which of the terms and only 7 days to get my money out. Wouldn't recommend their service to anybody.
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?
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 ?
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
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?
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!
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
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?
Great value as always! You've mentioned about either registering a company in my home country or an LLC in the US. I personally don't live in the US but want to register my company in the US rather than my home country. I believe you have done the same from Australia. What are some implications of that? Could you please let me know. Thanks a lot again for the great content.
@MH GAMING that one is not the issue. The issue is having a credit card. Amazon wants you to have a credit card for charges and fees, (not receiving funds) you cannot just register your local bank for that if you’re doing AMZ Selling in the U.S. That’s why there are videos like these that help how to get U.S Bank Acct.
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.
@Nomad Millionaire thank you so much for this great video. please teach us regarding US tax filing as well being foreign-owned US LLC or recommend a tax advisor that can help. Would be much appreciated:)
Stripe says that a bank without a physical location (transferwise), it is not considered as an acceptable? Is there a problem with receiving money from Stripe> Transferwise
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
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.
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?
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.
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 !
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
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
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! 🙇
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
Nomad. Viewing from Trinidad & Tobago in the Caribbean.
Priceles Information. You provided us with the most informative video on CZcams.
Thank you. Thank You.
This will save me so much time if I saw this when I first started
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.
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 CZcams would be as useful as yours.
Thank you, brother!
This guy is just amazing, I subscribed after watching the video.
Just curious, what is your nationality? You sold over $4M on Amazon in 2 years and how much did you start with?
THANK YOU ! Exactly what I was looking for.
This is gold for international sellers
Such a good video, and such a good presence in front of the camera. 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
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!
Competent, thorough, time efficient!
Very well done, thank you.
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?
My man! Great information bro. Thanks!
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
You really deserve the subscription and my thumb up 👍 good work
Transferwise is based in the Uk and it’s not actually a bank
hello my father is in the USA
can he send the card for me in Mail, ups , FedEx, ???
Thanks for sharing this valuable information 🤓!
Fantastic video Bro, very informative and extremely thorough. Thank you. 👊🏿
you're welcome!
Hi Myles. You are suggesting to open a Wyoming LLC as a non-us citizen, but non-U.S. owners of Wyoming LLCs are taxed initially on any US-sourced income at a rate of 30%. So do you pay 30% tax for doing business as a Wyoming LLC?
A US LLC will not owe tax on income sourced outside of the US. This is why the platform is tax efficient for foreigners, who are doing business in another part of the World.
Foreigners are mostly setting them up in order to access the banking system.
The tax liability falls on the shoulders of the individual member who is receiving the distributions. If they live in the UAE, they pay UAE income tax. If they live in the UK, they pay UK income tax.
The "30%" figure you are talking about, I believe refers to WHT (witholding tax), which is paid by a foreigner on capital gains of US stocks etc., not earned income. This figure is lowered to 15% if your country has a DTA with the US, but still only applies to capital gains.
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
@11:03 ITIN = Individual Tax ID Number
0:10 that subtle flex 😂
What are you talking about? What subtle flex?
A small Payout of only a hunned G
Are you here bro plz let me win the call this time 😉😂😂
Lol.
I didn't even notice
I've been looking for you guyy 👍shotit
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
Outstanding video. Can you make a video tutorial to open a bank account in bank of America?
you a legend mate. thumbs up bro
Great boss,
The information in the video is very useful to me.
Thanks
I just subscribed, thanks for the video buddy!
Making money is easier through investment, don't save your money buy assets and invest
I've got interest investing but afraid of doing it on my own to avoid losses from my own
@@uendileka1162 that's why you need the help of a professional who trades and understands the market more to earn good income
As a trader,it's almost inevitable that you're not going to experience some ups and downs along the way trading by yourself
Alertness and optimistic mindset are both fundamental ingredients in the recipe for a successful forex trader.
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.
Great video bro! Thanks
Thank you soo much bro for the gem. Now i have still few questions.
thank you! such a great video!!
so much value!
I was wondering if I could even do that! Thanks!!! regards from Panama!!
Well done!
Hi Myles, I literally had to watch this video twice and I want to thank you for the insight. I will go through all the links and I hope my country is eligible to do most of the things you shared here.
Hi. Did you get it to work?
Big thanks ❤❤❤
ITIN is International Tax Identification Number
this is gold! thank you
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 ?
Very powerful video great job and thanks for all those information
no problem :)
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
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?
hi, may you let me know if they give debit card to argentinean or italian residents please? thanks a lot
Impressive presentation 👍
super helpful. thank you!
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.
Dude!...Duuuude, good info thanks much and you just got a new sub, keep dropping that hot fire 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?
Very useful ❤
THIS TRANSERWISE >>> interesting i ll see it ....
very nice man, thanks
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
Thank you for this video it was very useful! I just have one question which is better for amazon business ( OFX or World First )?
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?
thanks for guidance
Thanks a lot for your video. It is very detailed and so accurate! Really well done! :) Just moved to LA with no SSN, lets see, how it goes :)
Hi Nicol
Thank you for the info! Very helpful!
Thanks, the best video by far, I do have personal experience with Payoneer and it's been a very bad one, I had their services for over 6 years and some months ago got a notice that they'll be closing my accounts for violation of their terms of usage with them not disclosing which of the terms and only 7 days to get my money out. Wouldn't recommend their service to anybody.
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 alot for this.
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.
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 ?
EXCELLENT!
Transferwise unfortunately doesn't work with businesses in nutraceuticals as I learned.
Transferwise does not work (issue cards) to all countries. Payoneer is a better option
Misleading.. transferwire doesn't support every country..
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
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.
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
Can we link this in Paypal ?? 🤔
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
When you signed up for the personal US account, did you use a US address or did you use your overseas address?
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?
Great value as always! You've mentioned about either registering a company in my home country or an LLC in the US. I personally don't live in the US but want to register my company in the US rather than my home country. I believe you have done the same from Australia. What are some implications of that? Could you please let me know. Thanks a lot again for the great content.
I heard getting these cards are only available for applicants from Canada, the UK, Australia, India or Mexico.who are in the U.S
@MH GAMING that one is not the issue. The issue is having a credit card. Amazon wants you to have a credit card for charges and fees, (not receiving funds) you cannot just register your local bank for that if you’re doing AMZ Selling in the U.S. That’s why there are videos like these that help how to get U.S Bank Acct.
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
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.
Wow thanks for the video bro.
welcome!
@Nomad Millionaire thank you so much for this great video. please teach us regarding US tax filing as well being foreign-owned US LLC or recommend a tax advisor that can help. Would be much appreciated:)
Stripe says that a bank without a physical location (transferwise), it is not considered as an acceptable? Is there a problem with receiving money from Stripe> Transferwise
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
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.
Thanks. You didn't mention in which option we will be able to use strip and how
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?
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.
Selling USA Bank Acces (Chase Bank)
Text hackerkenneth0001 on Instagram he will help you with it,he helped me yesterday with mine I'm very happy I found him,he is trusted and legit 💯 💯
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
Thank you for the explanation! Very helpful!!
Thank you so much
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 ?