What is a W-8BEN?
Updated over a week ago

If your business has foreign owners who are individuals in their respective country, that are receiving nonbusiness income from the United States, your business would obtain a W-8BEN from that individual, which is a “Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting.”

Foreign individuals are generally subject to 30% tax on specific nonbusiness income from businesses they own in the US, such as from rents, dividends, or interest.

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