Video · From Algeria
Can I Send Money Abroad to Fund a US Company from Algeria? (2026)
Thinking of a US company from Algeria? The care is in the money. Algeria's 2023 monetary law lets residents transfer capital abroad only to fund activities that complement their production of goods and services in Algeria, with the Money and Credit Council's authorisation, so ask your adviser before you send anything. 4:36 long, published .
Transcript
What the video says
0:00Can an Algerian resident own a US LLC?
It's evening in Algiers, and Yacine has just sent another invoice to a client abroad. He writes software, and he'd like to be paid in dollars, so he's looking at a US company. On the American side, he can have one from here. No social security number, and no trip to the US. We're BaseAcross. We set up US companies for founders outside America, so we'll be straight with you. In Algeria, the company is the easy part.
The money is what needs care: getting it there, and what Algeria taxes along the way.
0:31Do I need a US company to get paid in dollars from Algeria?
First, does he need one? For someone paid by clients abroad, the guide's answer is a US company, after advice. The big card processor doesn't take Algerian businesses, so a US company is a common route to dollar payments. Some US buyers and platforms want a US party to sign with, and US investors usually want a Delaware corporation.
But before any of that, ask how you'll fund the company. In Algeria, that question has a law behind it.
0:59Can I send money abroad to fund a US company?
That law is Algeria's monetary and banking law of 2023. It lets residents transfer capital abroad only to fund activities that complement their production of goods and services in Algeria. And it needs the authorisation of the Money and Credit Council. An Algerian producer can use it to open a US subsidiary, with that authorisation. Whether it fits a founder like Yacine is a question for an Algerian adviser, not for us.
So ask before you send anything. If you get an authorisation, keep it with the company's records.
1:34Wyoming LLC or Delaware C-Corp, and an EIN without an SSN
Forming the company is quicker than that question. A Wyoming LLC suits an owner-run business paid in dollars, once you know how you'll fund it. A Delaware C-Corp suits raising from US investors. It needs a registered agent, an address in that state for legal papers, not where you work. Then the EIN, its US tax number, applied for after the company is formed. Without a social security number or an ITIN, the application goes on a separate IRS form instead of the online tool.
You'll pay in US dollars, so check whether your card can pay abroad, and its limits.
2:10Which US accounts work from Algeria?
Next, where the dollars can land. Founders living in Algeria can apply to a US fintech bank. Its list goes by where you live, and it decides each application. A multi-currency account provider gives no US dollar account details to founders living here. Another US business account doesn't bar Algeria, but it asks every owner for a physical US address. Each provider decides for itself.
With the company, the EIN and a US account, Yacine can apply to the card processor. It reviews him, and it can decline.
2:43Does Algeria tax my US company's profit?
Now Algerian tax. Does Algeria tax the US company's profit? It can. Corporate tax is due on profits made in Algeria, including a foreign company's, through a permanent installation here. Here's the guide's own illustration. Say the LLC makes six million dinars of profit from services, and Yacine works from an office in Algiers. If that office is a permanent installation, corporate tax comes off first. What's left bears a withholding when it's transferred abroad, the same as on dividends.
That's an illustration, not a quote. Whether there's a permanent installation is for your adviser.
3:20Is there a US–Algeria tax treaty?
Then the American side. There's no income tax treaty between the US and Algeria. So US dividends, interest and royalties paid to you are withheld in the US, unless a US exemption applies. For a Delaware corporation, that includes its dividends to you. Pay for work you do in Algeria generally isn't US income, so a US company with no US office or staff often owes no US income tax on it. A single-owner LLC still files a report with the IRS when it has reportable transactions with you. Money you put in or take out can count, and missing the report is expensive.
It's usually due in the spring, and there's a form to ask for more time, filed before the deadline.
4:02What to do first, in order
So, the order. See your adviser first: how you'll fund the company under the 2023 law, and whether working from Algeria creates a permanent installation. Then form it, get the EIN, and apply for the bank. Keep a record of where the work is done and of every transfer, and put the IRS report and your Algerian filings on one calendar. The full guide, with every source and a checklist for your adviser in English and French, is linked below.
And Yacine? He's asking about the money before he orders a thing.
The founder in the video is an example, not a customer. The rules in it were checked when it was made; the guide carries the current sources.
The guide
Costs, documents, timelines and the rules in Algeria, with sources.
Read the guide for AlgeriaWatch on YouTube