Open Us Bank Account Remotely : Non-US residents should establish a bank account

Banks have shown to us that they are very alert for commercial possibilities that may arise in the marketplace. Therefore, when you think of the United States, should you think only of its people? What about the tens of thousands of visitors who visit the country annually? Do they represent a market opportunity?

Yes, they are, as the financial sector learned. The bulk of persons who migrate to the United States reside in nations with high standards of living and seek to invest part or all of their assets in a country with more stable economic circumstances.

To begin, since you are not a resident of the United States, your account would be tax-free. This may sound implausible considering the IRS’s reputation for being quite strict. However, if you plan to stay in the United States for less than six months, you will not be taxed.

The second significant advantage is that, after you have established a financial history in the United States, you may apply for more difficult-to-access financial havens, such as Luxembourg, if you so want. This is a key first step for any business seeking to grow beyond its present boundaries.

And precisely what are the prerequisites? If you are an individual, you must complete the bank application and provide a translated copy of your passport, as well as a W-8 statement (which verifies that you are not a citizen of the United States).

If you are applying as an organization, you must send the bank application together with the organization’s W-8 declaration, a W-8 declaration for each signatory, and passport copies for each signature.

As you can see, globalization and widespread Internet use have made it easier than ever to open us bank account remotely in the United States. Conduct a search for the country’s top ten banks and call them to learn about the services they give to non-residents.