Setup for non-US traders that want to invest and trade in the US: US LLC owned by an offshore corp

I was not referring to a personal account. I do not care what country you choose as long as that country is not on a restricted list. I do not care if this is a corporate account or personal. We can do both. I thought I made that very clear, I'm sorry if I was not.

Daal said:
You talking about a personal account? That is impossible for Brazilians, that Brazil tax laws makes you report every single winning trade you have as well it taxes you on GROSS gains, that is you cant deduct losses from gains. An non-Brazil company is an absolute must for trading outside Brazil.
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Daal said:
MANY brokers dont accept offshore companies for new accounts (TDAmeritrade, Cobra, Etrade, etc), every year it just gets worse. This setup is future proof, i think
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It's not. 2 out of those 3 won't open an account for a foreign-owned single member LLC even with IRS EIN. Just trying to save you some money but go ahead find out for yourself.
 
ChipShotTrader said:
What you are recommending is unnecessarily complicated. As @Robert Morse stated, as a citizen of Brazil, you should be perfectly fine. Should you decide you want a company, a simple BVI corporation, would be the ideal solution, for a brokerage account.

There is NO need for a USA-Based LLC!!! Unless, you want to purchase real estate, or an actual business, based PHYSICALLY in the USA. For USA real estate, you can can even use an offshore entity. The simplest way, is always the best way...

At $5M, you can get GS Prime, and REDI ;)
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Are you a clent of GS? And what is REDI pls?
 
ChipShotTrader said:
You can google this information. If you are asking these questions, it's not a good sign. Signing off Elite Trader. Best of luck to you...
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So GS has not heard of REDI and will not interface with that EMS/OMS. They are keen to talk with you if you have more information on this front.
But thanks again for pointing google out.
 
That is awesome. Redi was built by Spear Leeds and Kellogg (SLK) I was one of the first users. GS bought SLK and used Redi exclusively until they spun off REDI a few years ago. It was then bought by Refinitiv. The user base is largely institutional, which does not mean "better."

tonyf said:
So GS has not heard of REDI and will not interface with that EMS/OMS. They are keen to talk with you if you have more information on this front.
But thanks again for pointing google out.
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Robert Morse said:
That is awesome. Redi was built by Spear Leeds and Kellogg (SLK) I was one of the first users. GS bought SLK and used Redi exclusively until they spun off REDI a few years ago. It was then bought by Refinitiv. The user base is largely institutional, which does not mean "better."
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Neither Lightspeed nor Lime are on the AUTEX trade route client list...
 
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