Q: Good morning, I have an LLC company, I want to know if I can hire myself and thus process an ITIN code, I live in Spain,
Good morning, I have an LLC company, I want to know if I can hire myself and thus process an ITIN code, I live in Spain, but I manage the company from here through my registrar agent. Is it possible to do what I propose? Thank you.
A: An LLC in the U.S. can have foreign owners, and those owners can manage the business from abroad. If you are a foreign individual who needs to comply with U.S. tax return filing requirements, you may apply for an Individual Taxpayer Identification Number (ITIN). However, merely hiring oneself in an LLC does not automatically qualify you for an ITIN. You must have a valid reason, such as a tax filing requirement. Managing a U.S. company from Spain may have implications for both U.S. and Spanish tax purposes. I strongly recommend seeking advice from a tax professional familiar with both U.S. and Spanish tax laws. This will help ensure compliance with all regulations.
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