Hi everyone,
I need help with form W-8BEN-E part I line 5 category classification.
Client is a foreign investment company as a holding company. It is going to hold the start up stocks or invested in the start ups. You can say it a foreign venture company. It is going to open a bank account in a US bank. The bank required a W-8BEN-E. It is not a foreign financial institution. It is a holding company for a US start-up. It won't have any directly operating transactions in the united states except wire money into the sub company of US start-up and probably proceeds in the future to receive proceeds of selling the startups.
Should I choose Active NFFE or Account that is not a financial account?
Thank you,