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auscguy · 10-14-2002, 04:26 PM

Hi fellow non Us webmasters

Just a couple of points I read in a recent issue of YNOT.
Not sure how big of a concern this is.....

"In light of the terrorist attacks on September 11, 2001, many banks located in the United States will not open bank accounts for business entities that are owned by foreign citizens. It is difficult to ascertain whether this is a random decision made by the banking industry or one undertaken at the ?suggestion? of federal authorities. Regardless, Webmasters should be aware that they might have significant difficulty opening a bank account for their new business entity. If the company has no bank account, then obviously the forming of a US-based business entity is of little use in overcoming the hurdles created by the new Visa regulations"

Has anyone had problems or no problems setting up accounts?

10-14-2002, 04:26 PM
auscguy Confirmed User Join Date: Oct 2002 Location: downunder Posts: 111	Info for non US webmasters re:Visa Hi fellow non Us webmasters Just a couple of points I read in a recent issue of YNOT. Not sure how big of a concern this is..... "In light of the terrorist attacks on September 11, 2001, many banks located in the United States will not open bank accounts for business entities that are owned by foreign citizens. It is difficult to ascertain whether this is a random decision made by the banking industry or one undertaken at the ?suggestion? of federal authorities. Regardless, Webmasters should be aware that they might have significant difficulty opening a bank account for their new business entity. If the company has no bank account, then obviously the forming of a US-based business entity is of little use in overcoming the hurdles created by the new Visa regulations" Has anyone had problems or no problems setting up accounts?