Shopify Store owner - selling beauty products

[Eholic]

Hello everyone,

As a Shopify store merchant it says it is mandatory to have a SSN (Social Security Number) if you have an LLC registered in the US.

In reality, it is straight forward to form an LLC in the US, but if you don't have an SSN to enter in the designated mandatory field in the Shopify Payments settings, the LLC formation would be pointless.

I even asked the Shopify customer support for their advice and they confirmed the above. The problem is that I don't have an SSN because since I am not a US citizen but rather reside in the UK.

I want to pay either US tax or a different country tax which doesn't require me to be their citizen, and has low income taxes, and can be remotely formed.

As of January 2023, in the UK a sole trader would pay 45% on income of £150,000 or more.

As of March 2023, An LTD also in the UK, would pay 25% on income of £250,000 or move.

Yes, 25% is better than 45%, but if I can pay even lower, why not explore my options.

Which countries have the following?:

a) lower than 25% taxable income,
b) don't require you to be their citizen
c) can form a company in their country remotely (most desired LLC).

One I have read about before is the United Arab Emirates. Not sure how true it is.

OR are there better options than Shopify Payments? If yes, which ones?

I am looking forward to your suggestions and advice.

Thank you

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[BigRomeDawg]

When you register an LLC you get an EIN. You use that instead of an SSN.

 

[Eholic]

When you register an LLC you get an EIN. You use that instead of an SSN.

In the Shopify Payments settings, it won’t let me continue without an SSN, yes there is a designated field to add the EIN but when I attempted to continue without the SSN, it said, fix the error to continue. Basically not possible.

I asked the Shopify customer support team and they confirmed the same.