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The advantage of Stripe Atlas was that they would open a bank account for you which was a big plus for foreigners because of the KYC rules. But now that Mercury
by ssijak 6y ago
The advantage of Stripe Atlas was that they would open a bank account for you which was a big plus for foreigners because of the KYC rules. But now that Mercury bank is a thing and everyone can open a bank account online, there is no advantage to Stripe Atlas. Especcially now that Atlas does not allow foreigners to open a LLC. Everybody can form Wyoming LLC online for 100 bucks and pay 25$/year for an agent/mail address, or if you want someone else to do it there are reliable services to do that for around 350$.
- dvasdekis 6y agoAny recommendation/guides for a service that lets you form a Wyoming LLC online from overseas?
- jmstfv 6y agoI know for the fact that Mercury was closing accounts for the residents of Belarus because it was too costly for their partner bank to figure out who's on the sanctioned list. In that case, you will have to travel to the US to open a bank account, which kinda defeats the whole point of remote incorporation. It could happen with any other bank as well.
- mamcx 6y agoWith a mercury account is possible to setup stripe from abroad? Not in a country listed for stripe?
- literallycancer 6y agoNote that Stripe is quite expensive if you want to accept payments globally rather than just from the US.
- rtsil 6y agoYes. You can open a Mercury account only if your company is registered in the US, so for Stripe's purposes you are just a US company like all the others.