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nervep2015-10-15 10:01:49
Freelance
nervep, 2015-10-15 10:01:49

How to withdraw funds from UpWork to an LLC registered in Russia?

Hi everyone,
I have a question. I work for UpWork as a freelancer. I want to withdraw funds to the account of my LLC.
How compatible is this in terms of the contract that I have to submit to the currency control of the bank. Can there be an agreement between me and UpWork for my own company, and at the same time I work as a freelancer at UpWork?
Will UpWork allow me to withdraw my funds to the account or paypal of the company, and not my personal one.
I hope someone works like this and can help with an answer. Thank you!

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2 answer(s)
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Puma Thailand, 2015-10-15
@opium

1. You open an individual entrepreneur, to him a transit currency account. A settlement currency account can be opened if you wish to sit in dollars.
2. You make a wire transfer with Upwork, paying $30 for the transfer.
3. After the transfer, the money is blocked by currency control.
4. Then there are two options, either knock out the agreement from support (which is almost unrealistic), or give a public offer to VK (User Agreement, which we agree to upon registration) in the billing system, put your seal on each page of the public offer, "Copy is correct" and signature (after these actions, VK will more readily accept a public offer than just a printed billing statement).
5. For each money transfer, you need an act of completion, there are two options. Either provide a screenshot of the transfer from the upwork panel to VK (which is a silly letter, not every VK will accept it), or ask the support for an "Act of acceptance", which will be signed by the upwork and you, it will indicate the amount of the transfer. Act of acceptance looks more impressive than the screen from the panel.
6. Further, with each transfer, you provide a new Act of acceptance.
7. You work like this until the limit of $50,000 is reached, then you need to conclude a deal passport (which is difficult, but real, you need to shake up the support for the upwork). OR conclude a new "contract" with Upwork, again providing a User Agreement in bilingual (I read about the scheme with closing the old offer and opening a new one on Habré, where the dude put the contract number in the offer header, which made it possible to "open" a new contract by changing this number)
8. Well, we continue to work, either according to the transaction passport, or according to a newly opened contract.
Forgot. When VK confirms the transfer, then there are 2 options. Either these dollars are "sold" from the transit account to the IP's ruble account at the exchange rate of the Central Bank on the day of sale, or transferred to the IP's dollar account. But we have a tax on the exchange rate difference, therefore it is better to immediately withdraw this money from the dollar account of the individual entrepreneur to the dollar physicist.

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alexeyat, 2016-05-06
@alexeyat

Guys, here's the problem with OOO.
I agree, you choose a bank transfer - to the current account of LLC. If they ask you to send them a certificate that you are the owner of the company (accordingly, the account). and here is the question: the money comes to the account of the LLC, but the recipient is indicated in the payment as a freelancer - Andrey Pupkin, for example. Who faced, can there be problems with the bank, with the tax, etc.?
Thank you!

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