Almost all offshore jurisdictions nowadays have LLC legislation. At the same time, more and more banks are asking for tax identification numbers for business accounts.
For example, in Seychelles it's possible to get a TIN for an IBC through one's registered agent - just Google "seychelles ibc tax identification number".
But what about LLCs in countries which have them, for example in Belize, Cook Islands, Anguilla, ...? What number would you use in that case?
While it's possible to obtain TIN for LLCs in some cases, banks usually know those are pointless (unless the LLC is opting to be a taxable entity). As part of normal onboarding and due diligence, they will identify the members of the LLC. And since it's a transparent entity, the TINs of the members will be the TINs of the company.
Not all banks understand this, though.
Ok, thanks. So banks will treat it as tax transparent unless one shows up with a tax residency certificate & a TIN, proving that the LLC is a taxable entity.
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