Brokerage firm for S-corp owned by non-us resident

G

gorkemk93

Hello,

I will start business in Delaware, US for the purpose of trading financial contracts on my own account. I am non-US citizen/resident and whole process will be remote. Could you please advice me a brokerage firm for this?
 
What country are the owners from? Will you have a real address in the USA? Will you have a bank account in the USA? These are some of the questions I would ask to see if we are a good fit. You can contact me directly if you wish.
 
Sole owner - from Turkey
Only business adress which will be provided by the registering agency
Bank account will be opened over Relayfi.com

Thank you in advance,
Gorkem
 
To qualify for S corporation status, the corporation must meet the following requirements:

  • Be a domestic corporation
  • Have only allowable shareholders
    • May be individuals, certain trusts, and estates and
    • May not be partnerships, corporations or non-resident alien shareholders
  • Have no more than 100 shareholders
  • Have only one class of stock
  • Not be an ineligible corporation (i.e. certain financial institutions, insurance companies, and domestic international sales corporations).

https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations
 
I found that most US brokers don't wanna touch any foreign owned entity. I think IB is the rare exception. Good luck with it though.
 
We have many foreign accounts, but to us, this would be a domestic account with foreign ownership. The owner can't be from a restricted country and the domestic entity will require an address where you can get mail and a US based bank account.

otctrade said:
I found that most US brokers don't wanna touch any foreign owned entity.
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