Panama or Costa Rica Corp registering US LLC for Investment purposes

[Damian2]

ShillGates said:
i thi8nk you have to choose your words somewhat differently. IT was not your activities it was the activities of the director and the company. If that director is in hot water in unrelated dealings, you can kiss your 15k gbp goodbye - you are not entitled to it. The only thing you can do is to have a contact with your real company and issue a demand for money to the company with the dead wise accounbt, then ask the court for a winding up order lol and you appoint a liquidator, but thatll all cost 10k gbp

so move on, dont think you will be seeing this unless the unrelated dealings are not severe, but ........
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I always contact Wise from the director’s email address, but we haven’t received any specific requests or instructions regarding my LTD. Each time I reach out, they say their due diligence checks are ongoing, and they’ve never stated they won’t return the money””only that the funds will eventually be refunded. For now, all I can do is keep sending periodic follow-up emails until they provide a definitive answer.

 

[JackofAllTrades]

Damian2 said:
I always contact Wise from the director’s email address, but we haven’t received any specific requests or instructions regarding my LTD. Each time I reach out, they say their due diligence checks are ongoing, and they’ve never stated they won’t return the money””only that the funds will eventually be refunded. For now, all I can do is keep sending periodic follow-up emails until they provide a definitive answer.
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If you are in the UK, you can ask the FCA Ombudsman to assist with

Wise Payments Ltd​

https://www.financial-ombudsman.org.uk/make-complaint

 

[dany]

have you got communication from Wise after account closing? I don't think they will keep the money at any time,

 

[ShillGates]

JackofAllTrades said:
If you are in the UK, you can ask the FCA Ombudsman to assist with

Wise Payments Ltd​

https://www.financial-ombudsman.org.uk/make-complaint
Click to expand...

send wise a letter , asking 14 days deadline to transfer money to your other account also state in there iF no response go to fca. should be perhaps the easiest route but slow

 

[alex]

I am a partner in a Panamanian and Costa Rican corporation. I am investigating option of opening a US LLC (eg. Delaware, Wyoming, Nevada) for the purpose of opening trading accounts in the US. We would like to open a TastyTrade account for options trading and an Interactive Brokers account for stock trading. TastyTrade does not allow a Panamanian or Costa Rican company to register an account.



Would this be possible? Would we be able to open a bank account for the LLC?



Thank you.

 

[Fred]

Panama is definitely more popular for US Stock Brokers compared to Costa Rica and in General most likely the most streamlined Country for a Company Formation in South America.



We opened already successful with a Panama Offshore Company an Interactive Brokers Account - they requested a basic Balance Sheet - after we mentioned that no Audited Accounts are in place - worked perfectly fine.



What's the reason for incorporating a US LLC instead of forming a separate Panama Offshore Company which opens the Interactive Brokers Account?



If a US Stock Broker doesn't open for a Panama Company standalone, chances are even lower with a Company Holding Structure as Company Shareholder Structures are more Compliance Intensive.



I recommend you to either stick with a Broker that accepts Panama and then open directly with a Panama Offshore Company the Account.



Alternative you can open a US LLC as Single Owner Individual, open Stock Broker Accounts and then change the Shareholders to your Panama Company.



I hope you are aware of the fact that the here in this Forum well-known US LLC Structure is only tax neutral as a disregarded single Member structure with an Individual Single Shareholder - basically it's a passthrough entity that is passing the tax liability to the single Owners Personal Tax Residence.



Having a Panama Company Shareholder in a US LLC triggers Tax Liabilities.

 

[Koedam]

LLC is only pass-through without taxation in the USA, if there are no business activities in the USA. (Active) trading on exchanges in the USA will likely be seen as business activity and makes the LLC liable for taxation in the USA.



Even trading through an entity outside the USA with a USA broker, will in some cases make the entity liable for taxation in the USA. If the entity complies with the "Trading Safe Harbor" rules, trading could be exempt of taxes in the USA for the entity outside USA.