Taxes for non-resident LLCs depend on whether the entity is engaged in a trade or business in the US (EBTUS) or has effectively connected income (ECI).
Banks in Puerto Rico are a blend of offshore & US banking. Accounts are almost always opened remotely and Puerto Rico banks cater to foreign non-residents.
The complete list of banks in Barbados includes 30 financial institutions. However, only a small number of these banks accept foreign non-residents.
How to avoid taxes with offshore accounts: While it’s 100% possible to avoid & reduce taxes, doing so requires change in residency, tax-efficient structures, and the right bank accounts.
CRS Countries GlobalBanks CRS Tracker Last Updated April 3, 2023 Take Control Of Your Personal And Financial Information Today! 3 strategies you can use NOW to increase privacy & asset protection without shady banks (Page 5) The most important WARNING…
Bank regulators enforce banking laws, monitor bank reporting, and protect depositor funds. But they also cause a lot of red tape and headaches for would-be account openers.