Ireland / USA and Taxes

Tiddlypeeps

This is an unusual scenario, not even sure if I'm posting in the right section but here it goes.

I have a limited company registered in Ireland. We want to make use of a financial service in the USA. For tax reasons they require you to have an american bank account and residence. We have a business partner over there who would be willing to sign up to this service for us. He would then forward on the money received from his own bank account to our company bank account.

What I want to know is, what are the tax implications here? We could potentially be talking about a large sum of money so I assume we would have to pay tax on it. Would this effect the guys regular taxes in anyway, like our tax credits over here? Not sure if they even have anything like that over there.

It might be possible to make this person a director of our company and have him open a company bank account over there for us. I'm not sure if this is even possible. Maby this is the best way to go about it so that any tax responsibilities are remove from the person and put on to the company directly?

Just for the record the financial service we want to access is a popular crowd funding site. http://en.wikipedia.org/wiki/Crowd_funding

nompere

This is surely a question for your accountant. If he or she doesn't know, then you need to talk to a tax consultant.