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how to use stripe in unsupported countries

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  1. thank you for the post one thing that is missing is info about the taxes, like income tax if you are not a citizen of the us, and you already pay income tax in your native country, would you have to pay both countries?

  2. Whether you have to pay taxes in the US and your home country if you open an LLC in the US as a non-citizen depends on a number of factors, including:

    1. The source of your income.

    If your LLC generates income from sources within the US, such as sales of goods or services to US customers, you may be required to pay US taxes on that income. However, if your LLC’s income is from sources outside the US, you may not be required to pay US taxes on that income.

    2. Your home country’s tax laws.

    The tax laws of your home country may also affect whether you have to pay taxes on your LLC’s income. For example, if your home country has a tax treaty with the US, you may be able to claim a credit for taxes you pay to the US on your LLC’s income.

    3. The structure of your LLC.

    The structure of your LLC can also affect whether you have to pay taxes in the US and your home country. For example, if your LLC is a single-member LLC, you may be treated as a self-employed individual in the US and your home country, and you may have to pay taxes on your LLC’s income in both countries.

    However, if your LLC is a multi-member LLC, you may be able to structure your LLC in a way that allows you to avoid paying taxes in one or both countries.

    It is important to consult with a tax advisor to determine your specific tax obligations if you are considering opening an LLC in the US as a non-citizen.

    Here are some general rules of thumb:

    * If your LLC has no US presence or economic substance, you will not be required to pay US taxes on your LLC’s income.

    * If your LLC has US presence or economic substance, you may be required to pay US taxes on your LLC’s income, even if the income is from sources outside the US.

    * If your home country has a tax treaty with the US, you may be able to claim a credit for taxes you pay to the US on your LLC’s income.

    It is important to note that these are just general rules of thumb, and your specific tax obligations may vary depending on the specific facts and circumstances of your situation. You should consult with a tax advisor to determine your specific tax obligations.

  3. thank you Mazino, for the article and the replay.

    my situation is, I am a video service provider for clients all over the world including the US
    I am located outside the US in a country with a tax treaty with the US.

    From the information that I gathered from the answer you gave me, I do not need to pay US taxes

  4. Thank you so much for this useful article!
    I live in Korea and want to ask if this would be possible if I do something similar by making a LLC in Singapore.

    Will I be able to use all of the same Stripe features if I create a Singapore LLC and use my Korean bank account connected to Payoneer?

    Thank you in advance!

    1. I have no experience in creating LLC in Singapore for Stripe creation.

      And if you are going to use Singapore details, it will mean you should a Singapore bank account and not a Korean bank account.

      I hope this answer your question.

  5. Hello,
    I saw that Stripe is proposing an alternative called Stripe Atlas, is there any reason why we should follow the process you’re mentioning and not go for this option ?
    Thank you

    1. The choice is yours to make, but there are some reasons why many people don’t choose Stripe Atlas. One reason is that the cost is about $500, which can be less if you follow the method in this post.

      Another reason is that you can’t decide the state to form your LLC. Stripe Atlas usually uses Delaware, and this state may not have a low annual tax return.

      I hope this answers your question.

      1. Thank you for the really quick answer.
        Another question i have is when we follow you’re method or the Atlas method do they provide us a bank account in the US and in that case, do we have to use this bank account or we can use a foreign bank account ?
        Thank you

        1. Whatever method you choose, you won’t be given a US bank account. It is after your LLC has been formed, you can then use it to open a US business bank account.

          Nevertheless, you can open get a US bank account when you sign up for Payoneer.

          You can’t use another foreign bank account because you are opening a US Stripe account.

          I hope this is very understandable?

  6. Is it legal to link the Stripe account to Shopify without the risk of getting it closed or suspended? I am doing dropshipping store but I am not sure if this method will serve my business without any risk

    and thank you for your effort.

  7. Hello Thanks for the information regarding the creation of the stripe account, But Please is there any other way to register the LLC without making payment and during the process of identity verification do I need to submit my NIN card or international passport for me to verify selfie.

    1. If there is any other way of registering an LLC without paying, don’t you think it would have been revealed in this article?

      I was never asked for selfie verification. However, Stripe may require selfie verification for some reasons. You can provide any of your government-issued IDs.

    2. Hey! just wanted to ask as a foreigner applying for an LLC at incfile, how long did you wait until you finally got your EIN? does it come around the same time as your LLC files? (3 weeks)/2 weeks (expedited). Or does it take longer as the website suggests? “For foreign individuals, IRS does not offer an immediate obtainment of the EIN. The timeframe to obtain the EIN could take up to 3 or more months.”

      1. You can speed up the process by directly contacting the IRS, the agency responsible for issuing EINs and providing other tax-related services.

        You can receive your EIN over the phone by calling them. Ensure you have a copy of your SS-4 form, which IncFile (now Bizee) will send you. The IRS will ask a few questions based on the form, so it’s best to keep it easily accessible on your phone, computer, etc.

        IncFile has already submitted your SS-4 form to the IRS, and they will use the details from it to locate your information.

        Here’s the number to call: +12679411099 (use a US phone number to save calling cost).

        When you call, follow the automated instructions to reach the EIN Customer Service department.

        Sometimes, you might be redirected to a different number since there are various departments, but follow the prompts and they will provide your EIN over the phone.

        Instead of waiting three months for your EIN after forming your LLC, you can start calling the IRS 5-7 days later.

        Make sure your LLC is officially formed before starting this process.

  8. I got your explanation to most of the questions but I didn’t get it from the situation that someone wants to open it just not for a business. Say , a freelancer. does it requires all those procedures or processes?
    Additionally, how long will it take to acquire it?

    1. I don’t understand your question that much. You must follow these procedures if you want to use Stripe from an unsupported country.

      How long will it take to acquire what? The LLC or the Stripe account?

  9. Thank you so much for this information.What about using UK account,,can I follow the same procedures??

  10. Thank you. This is massive research compiled for the taking. Thank you.
    I have made several failed attempts in receiving money with online programs. You have no idea how much this helps.

    Two questions though.
    1) What is the average processing time for the LLC?
    2) Do you have any idea if the UK company will serve the same purpose of using stripe?

    Thank You.

    1. What is the average processing time for filing your LLC with the state? Well, it could 2 weeks, and obtaining your EIN can take more time.

      If you are going to open a UK company, you should open a US stripe account and get other relevant UK documents.

      I hope my reply was satisfactory, if not do let me know.

  11. Thank you for this amazing video (especially liked the voice ;-)). However I have some more questions.
    1. Can the LLC be an anonymous LLC?
    2. Can the LLC be owned by a foreign LLC?
    3. can the LLC have multiple owners and if yes can one of the owners be a foreign LLC
    Thanks in advance
    Chris

  12. In response to your questions:

    1. The LLC can be anonymous, if you choose a state such Wyoming
    2. I will need do further research on that
    3. This applies to 2.

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