I'm about to graduate from college and I'm thinking on attempting to work remotely in the US being a foreigner.
I'd like to know If anyone has experience working for a US company while being a foreigner (non US-Citizen).
In particular:
1) Can you work as an employee? I assume you can't because you don't have a SSN and therefore you can't be put on payroll by your employer. My guess that while you could have an employee relationship, you would actually be legally working as a contractor. Is this correct?
2) How do international contracts work? If you sign a contract with a foreign company, how do you ensure the contract is respected when no country has jurisdiction over the other? (or does it?)
3) Are there any taxes you need to pay in the US additional to the ones you pay in your home country?
4) How do you get paid? Do you use just a regular Wire Transfer or something else (Payoneer, Transferwise, etc)? Do/Should you open a US Bank account? Do/Should you open a business bank account?
5) How was your experience finding a job, getting "hired" and working there?
Cheers.
2. Cost of enforcing a contract will normal far surpass the amount involved, jurisdiction across national borders won't matter unless you're a multinational corporation. Don't put yourself in a position where your customer can owe you a lot of money. Bill by small short-term deliverables, or by hours worked, no less frequently than monthly.
3. The US only taxes citizens, permanent residents, and holders of visas that permit work in the US. As a non-citizen working remotely from abroad you aren't subject to US income taxes.
4. Transferwise, Square, PayPal, wire. Some foreign banks have US branches that take deposits. You probably can't open a US Bank account from abroad. You don't need a business bank account but some people find it useful to separate personal expenses.
5. I'm a US citizen working remotely so I don't know personally. I have friends who aren't US citizens working remotely for US companies. If you offer something of value you can probably find customers.
2. Parties to a contract will perform as long as they are happy. You can specify a governing law and international arbitration in case of disputes.
3. No.
4. Wire transfer to foreign bank. Most domestic US companies will balk at anything that's not an ACH transfer. Companies that do business internationally know how to find the wire desk at the bank.
5. If you are a US citizen or permanent resident, the above doesn't apply. Along with Liberia and Myanmar, the US is one of only three nations that tax its citizens' worldwide income regardless of residence.