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

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 have a company and a Bank account own? In this article, we will explain the steps that will help you do this.

Selecting the legal form

First of all, you should choose a legal form for your company that allows you to live and work stateless. One 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 such as Wyoming, Delaware, Nevada or New Mexico possible. 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 has to pay income tax in his Control seat without fear of further interference from 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 characterized by the so-called Registered Agent service that is available when setting up a company in the USA. 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 as an LLC owner with a US Bank 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. By combining stateless living and an LLC in the US, you can enjoy the benefits of a modern banking system without experiencing the disadvantages of being rigidly tied to a state.
Another advantage of US banks for LLC owners is the fact that these banks do not participate in the automatic data exchange with other countries. This means that your financial information and transactions are held in the United States and will not be shared with foreign authorities without your consent. This protection of your data provides additional security and privacy for your business and can be particularly beneficial for individuals who have chosen to live stateless.

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. Adhere to all applicable rules to avoid problems in advance.

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Disclaimer: Please note that the above dates, tax rates and regulations may change over time. Do not make any independent decisions without first consulting an expert for your individual situation. It is in your interest to always receive individual information from an experienced expert who knows your situation.

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