Living without borders: How to live stateless and still own a company and a bank account

Life without borders

The world is increasingly becoming a global village and independence from state structures is becoming a desirable lifestyle for many. But how can you live stateless and still own a company and a bank account? In this article, we will explain the steps that will help you do just that.

Selecting the legal form

First of all, you should choose a legal form for your company that allows you to live and work stateless. A Limited Liability Company (LLC) can be a good choice as it is recognized in many countries and is not tied to a specific state.

Registration without state interference

Registering your company in a location without government interference is possible by forming a Limited Liability Company (LLC) in states like Wyoming, DelawareNevada or New Mexico. Even though the company is under American jurisdiction, the USA does not intervene in the affairs of foreign LLCs, as the profits are recognized as private income of the directors. This means that the director only pays income tax in his tax domicile without fear of further intervention by the US authorities.

Setting up a virtual office

Set up a virtual office to have an official business address without having to be physically present. This allows you to have an official address for your company without being tied to a physical location.

This stateless way of life is made possible by the so-called Registered Agent Service, which is available at the Founding a company in the USA is available. A Registered Agent is a person or company who undertakes to forward important documents and correspondence to you, while you enjoy the freedom of not being tied to any particular location.

This service allows you to enjoy the benefits of a company in the USA without having to worry about the day-to-day administration. It is an important element in setting up a company and living as a Stateless person.

Acquisition of a tax number

After you have received the incorporation documents for your company, you can register with the IRS (Internal Revenue Service) and obtain an EIN number (Employer Identification Number). This number depends on where your company is registered. The EIN number allows you to set up your business account while opening other doors to run your business effectively. The EIN number is an important requirement for using a number of services and providers related to your company.

Selection of an international bank

By opening an account with a US bank as an LLC owner, you benefit from a high level of Data protection and trustworthiness. These banks not only offer you the ability to manage and use your account from anywhere, but also a range of services and tools to optimize your business operations. Through the combination of stateless living and a LLC in the USA you can take advantage of of a modern banking system without experiencing the disadvantages of a rigid link to a state.

Another advantage of US banks for LLC owners is the fact that these Banks do not participate in automatic data exchange with other countries. This means that your financial information and transactions are held in the USA and will not be disclosed to foreign authorities without your consent. This Protecting your data provides additional security and privacy for your company and can be particularly beneficial for people who have opted for a stateless life.

Customer communication

Make sure your customers support your decision to operate your business from a stateless location. Communicate openly and honestly with your customers about your situation and let them know how this will not negatively impact their service.

Legal conformity

Regularly check the laws and regulations that apply to stateless companies to ensure that you remain compliant and can maintain your freedom. Follow all applicable rules to avoid problems in advance.