Assistance Needed for Setting Up Square Account as a Non-Resident LLC

[MukarramZaheer]

Hello,

I hope everyone is doing well. I am seeking guidance on setting up a Square account for my business. My LLC is registered in the United States as a non-residential entity, and I possess all necessary legal documentation, including:

1. U.S. LLC Documents

2. U.S. Bank Account (managed through Wise)

3. U.S. Phone Number

However, I do not have an SSN or ITIN for U.S. residential verification, and I was wondering if there is an alternative process for non-residents to gain access to Square’s services.

If anyone has experience or insights about this situation, I would greatly appreciate your support and advice. Additionally, if there are specific steps or requirements I should follow to proceed, kindly let me know.

Thank you in advance for your help!

Best regards,
Azaz Mehmood 

Azaz Trade LLC

[TheRealChipA · Accepted solution]

Hey there @MukarramZaheer.  Square is required to complete a KYC (know your customer) verification process on all new customers.  All of these procedures were set up by federal law after 9/11, as part of what is called the Patriot Act.  Square — and all other financial institutions in the USA — are required to verify that banking customers are either US citizens, or are authorized to open financial accounts in US banks, which requires and SSN, ITIN, or the like.  You will find that even though you have a valid domestic LLC, that having any banking relationships will require that at least one beneficial owner of that LLC is authorized to open bank accounts in this country.