FAQ

Why do banks reject my application?

Banks sometimes reject applications due to: Residency in high-risk countries Failing to meet anti-money laundering (AML) requirements If they feel your business model isn’t strong or clear enough But don’t stress—we’ll guide you to alternative banking options that are more inclusive. Plus, we’ll share trusted services offering corporate cards and bank details, so your business operations stay on […]

When will your affiliate program be ready?

It’s ready, and we’re excited for you to join! You’ll get a personalized affiliate link to share with your network, and for every successful referral, you’ll earn a commission. It’s a great way to help others discover Privatily while getting rewarded for it.

Which US state is better for me?

Which U.S. State is Better for Me? The best U.S. state for your LLC depends on your business goals, where you operate, and your preferences for taxes, privacy, and compliance. Here’s a breakdown to help you decide: 1. Wyoming Best for: Non-residents looking for low costs and simplicity. Why? No state income tax. Low annual […]

Why is my Stripe account banned?

Stripe bans accounts for several reasons, such as: Prohibited business activities High chargeback or refund rates Compliance or fraud concerns If this happens, don’t worry—we’ll help you appeal or find alternative payment solutions to keep your business running smoothly. You’re never on your own with Privatily.

Can you create a Stripe account on my behalf?

Absolutely! We’ll help you set up a fully verified Stripe account in the US, UK, or Canada, so you can start accepting payments quickly. Plus, we’ll guide you on additional payment tools and banking services to make sure your finances are set up for success.

Do you offer accountant services?

Yes! We connect you with our trusted partners who handle all your accounting and tax needs. Whether it’s annual filing or ongoing support, you’ll have the experts you need to stay compliant and stress-free.

What happens if I don’t fill out my BOIR ID?

Submitting your BOIR ID is now mandatory, and not doing so could result in some serious fines. But don’t worry—it’s a super easy process, and we’ve got you covered with a step-by-step guide to walk you through it. Even better, if you have any questions or get stuck along the way, just ask! We’re here to help every […]

Which nationalities are fully blacklisted by Stripe?

Currently, Stripe fully restricts accounts from Kosovo, Iran, Russia, and Libya. We can still form companies for clients from Russia, Kosovo, and Libya, but unfortunately, Stripe accounts aren’t an option for these countries. For Iranian residents, we can’t assist with company formation or payment solutions due to strict regulations. However, we’re always exploring ways to […]

Can I form a company in the US if I don’t live there?

Absolutely! You can form a company in the US, UK, or Canada as a non-resident. We’ll handle everything, from company registration to helping you set up banking and payment tools, so you’re ready to operate and grow your business from anywhere.

Can I use the business address provided by Privatily for receiving mail?

Absolutely! The business address provided as part of our service can be used for official correspondence, such as receiving government documents or legal notices. However, there are certain limits to the amount of mail we can process for your US company, and these limits differ from state to state. If you exceed the yearly limit, […]

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