As a non-US resident, you cannot get a Social Security Number (SSN). However, to operate a serious business, you often need a tax ID. The ITIN (Individual Taxpayer Identification Number) is the standard alternative issued by the IRS for foreign entrepreneurs.
At Innovexify, we simplify the complex Form W-7 application process, guiding you through the documentation to ensure your application is accepted by the IRS.
1. Verify Payment Gateways (Stripe & PayPal) Once your sales reach a certain threshold, platforms like Stripe and PayPal will pause your payouts and ask for a Tax ID (SSN or ITIN). Having an ITIN prevents your funds from being frozen.
2. Open Tier-1 US Bank Accounts While fintechs (like Mercury) don’t always require it, traditional top-tier US banks (like Chase, Capital One, or Wells Fargo) and some business credit cards usually require an ITIN for the primary account holder.
3. Meet IRS Tax Obligations If your LLC generates “US-connected income” or you need to file a personal US tax return, you are legally required to have an ITIN to file your taxes and avoid penalties.
+1 (406) 338-0410
support@innovexify.com
www.innovexify.com
United States of America - Pakistan - Saudia Arabia
Have questions about the process? Our team is here to help you navigate your business journey.
