Reply
cancel
Showing results for 
Search instead for 
Did you mean: 
Reply

Company account as payment, company in different country

Active Member
Sean D Member Since: May 15, 2019
1 of 2

Hi, I'm a US based freelancer and plan to open a company outside the US (most likely Panama although I'm still researching). My name will be listed on the company's bank account as the owner.

 

Will I be able to add this bank account as my payment method (as a freelancer)?

Community Guru
Martina P Member Since: Jul 11, 2018
2 of 2

Sean D wrote:

Hi, I'm a US based freelancer and plan to open a company outside the US (most likely Panama although I'm still researching). My name will be listed on the company's bank account as the owner.

 

Will I be able to add this bank account as my payment method (as a freelancer)?


You are of course free to open companies all over the world, but that has nothing to do with your upwork activities. First of all, you are a freelancer, so the name of your bank account must match your natural name. Secondly, you will only be able to withdraw your earnings to a bank account in your country of residence, and you are liable for income tax in your country of residence, no matter where you send your earnings to after receiving them in your local bank account.

TOP KUDOED MEMBERS